The continued rise in the cost of oil on the international market has triggered increases in the cost of locally produced energy, which has had a negative
SOLAR power has finally become a viable option, driven by falling prices for photovoltaic panels and the soaring cost of oil, say proponents of the alternative energy.
Rooftop panels, which could last for 25 to 30 years, will now pay for themselves in just six or seven years, claim advocates. Until recently, the pay-back period was up to 20 years.
The cost of solar cells has fallen by as much as 49.5 per cent since the start of 2011, according to the PVX spot market index, which tracks the monthly wholesale costs of the industry.