Did you know that according the International Renewable Energy
Agency (Irena) the cost of photovoltaic solar energy has dropped 82%
since 2010? This is according to the agency’s 2019
report on Renewable Power Generation Costs.
Why is this so relevant? Well because solar energy has now become
more affordable and therefore more accessible to many people who
could not afford it previously. It also makes financial sense now as
your system pays for itself through the savings on your utility bill
over a shorter period of time.
In addition to recovering the money spent a lot faster, with the
improvements in technology your solar system continuous to provide
you with free electricity long after it has paid for itself which
turns savings into money in your pocket.
On the opposite end of scale, power from your utility is expected to
increase, and has more than doubled in cost since 2010 according to
Escom (Historical Average Price Increase)https://www.eskom.co.za/CustomerCare/TariffsAndCharges/Pages/Tariff_History.aspx)
The more one looks at it, the more solar just makes sense.