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- Flexibility Hybrid systems offer the flexibility to use solar energy as your primary source of power while still being connected to the grid. In case of low solar production, you can seamlessly draw power from the grid.

2. Market Demand and Supply Like any other product, solar panel prices are affected by supply and demand. During times of heightened market demand, such as government incentives or renewable energy initiatives, prices may rise.

Initial Costs of Solar Panel Installation

3. Installation Costs The complexity of the installation can also influence the final cost. If the installation involves significant modification to the existing electrical system or requires special mounting equipment, the labor costs can increase substantially.