Although solar power’s return on investment has been debated endlessly, it now looks like solar power has officially become as cheap as buying off the grid. At least, that’s the current reality in some European countries. Renewable energy consulting firm Eclareon has released a report confirming that the price of solar power in Germany, Italy and Spain has finally reached what is referred to as “grid parity.” While grid parity has quite a few variables, it means that, over the course of the equipment’s lifetime, the total cost of installing solar panels is now on par with the costs associated with buying from the country’s grid system.
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