Econ_545_ week-3 Project 1
“In 2013, the market for solar panel systems reached a value of $12 billion dollars with average annual growth rates exceeding 50%.The U.S. Energy Information Administration reports that federal funding for solarpower increased 530%, from $179 million to $1.13 billion dollars, between the years of 2007 to 2010” (Reddix, 2014).In giving advice to my neighbor Cindy who desires to start a contracting business, it would be wise if she looks at the economy of solar panels. It is true that there are cost savings that households and businesses can make each year by installing solar panels on their roofs. It is also true that there are government incentives for installing solar panels. Knowing this information alone is not enough to truly access the economy of solar panels and provide Cindy with appropriate advice.
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