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4. Advanced Monitoring and Control With integrated monitoring systems, users can keep track of their energy production and consumption. Many inverters now come with smartphone applications that provide real-time data, enabling users to make informed decisions about their energy use.
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The price of solar panels has undergone significant changes over the past decade. According to various industry reports, the average cost of solar panels has decreased dramatically, dropping by about 70% since 2010. This decline is attributed to advancements in technology, improved manufacturing processes, and the growing scale of solar installations worldwide. As a result, what was once a luxury for eco-conscious consumers is now within reach for the average homeowner.