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To a large degree this is true. Solar energy is an alternative to fossil fuels which use oil. With low oil prices, the cost of using solar power may not be as appealing as carbon fuels since it is costlier to produce solar power. Aside from price, there are other factors that determine a solar stock's price. As of now, this is largely government's incentive policies.
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Are electricity prices affected by the economy?
Usually the opposite is true. In general the higher the price of the energy (electricity, natural gas, fossil fuels, solar, etc.) the more it costs to raise, transport, create and use the products and services that our economy depends on.
Which measure was not taken by US car manufacturers to combat higher gasoline prices?
all the cars were now equipped with solar power
What does Barack Obama think about oil and gas prices?
I am sure he would like them to be lower. He has also said he would like the United States to be more energy independent as well as using more energy from wind and solar power. Unfortunately, while it is common to blame presidents for the high price of gas, whether under President Bush or President Obama, gas and oil prices often fluctuate, due to production overseas as well as economic conditions in world markets, high demand, oil-producing nations setting prices higher during periods of peak demand, etc.
How might the environment benefit from higher consumer prices for fossil fuel?
Higher prices for fossil fuels (coal, oil and natural gas) would encourage more companies to invest in renewable energy (solar, wind, water, hydro, tidal and wave, geothermal, ocean thermal, biomass, biofuel and hydrogen). The price of renewable energy would become competitive with fossil fueled electricity, so more renewable energy would be used. As fossil fuel use damages the environment (global warming and climate change), then using less of it will slow global warming and lead to a happier future for the earth.
When will oil prices drop?
If you are talking about the price of spot crude, well, there's a lot of money to be made on that answer. If you are talking about the general question and about energy, in this petroleum age, and its relationship to the economy and the price of gasoline and other substances upon which we are dependent to make a go at doing nearly nothing in an otherwise realativlly unpleaset world, I really dont know. On the other hand, it appears to me that price of oil will decline when the energy consummers go to alternative sources for energy because they decide that they dont want to pay the current energy price. (I dont think that is circular: solar panels are about 10% effective just now; rachetit ratchet it a bit and make it and wind and water stuff more cost competative,and no way major primative societies, (us, without the other technology) are going to use less. The conversion cost is too much. ON the other hand....everybody else is going to go for something that costs so much....How long? That's a psychosexual question, not an ecomicic one when you get down to it.) Sadly, the price of oil is not going to droop, or drop it seems to me, unless we have a real major economic decline, as in depression, not mere depression, or slowdown, and then, all the other demands in the world might temper the decline. And what do you mean in the first place with numbers which constitute an "oil drop?" What's your idea of an 'Oil Prices Drop'? How about some numbers.
What are the average prices of solar panels?
Solar panels have come down drastically in price over the last few years. Prices are based on size and quality, but you can find entry level solar panels for around $50. The average price for solar panels is around $400. The price can be as high as $16,000 depending on how many you are buying and the brand.
Are electricity prices affected by the economy?
Usually the opposite is true. In general the higher the price of the energy (electricity, natural gas, fossil fuels, solar, etc.) the more it costs to raise, transport, create and use the products and services that our economy depends on.
What is the cheapest price for solar fountains?
The places to buy solar fountains are many and the prices vary considerably. A new solar fountain can cost as little as $50, but cheaper options can be found on eBay.
Where is the best site to find prices on solar panels?
The best site to price solar panels is solarpanels.org. Home kits start as low as $8420 and you may be eligible for a credit on your taxes!
Where are people most affected by solar winds?
"No person is affected by solar winds because they happen in the atmosphere. What is affected by solar winds are satellites that are up in the solar system, they can get pushed aside, knocked down, or even broken if the solar winds are too strong."
How are people affected by social impacts solar power?
how are people affected by social impacts in solar power?
Hf freq waves are affected by solar cyvle?
Yes, high frequency waves are always affected by solar cycles.
What phenomenon are affected by an increase in sunspots?
There is a solar phenomenon believed to be affected by an increase in sunspots. Most solar flares are believed to be linked to an increase in sunspots.
What are the cheapest solar panels or photovoltaic panels?
They are both the same thing. Solar panels is just another name for PV or photovoltaic panels.As for the price, you have to do research in your local area, as prices differ all over the world. Solar panels are getting cheaper every year, with the price for large quantities in July 2012 at less than US$0.70 per watt.
How is solar affected by the sun?
The sun is the only thing that works on solar equipment, whether solar panels, solar hot water, or sunflowers.
Does anyone make solar track lighting, and what are some models and prices?
There is not solar track lighting made, but you can buy solar panels to power track lighting. Panels range in price depending on size and absorbancey from $4 to $10 per square. Some models are ES-A-Series and Photowatt.
How much money do solar panels save yearly?
a lot For most people the payback period on solar panels is in terms of decades or never, but that all depends upon the rate of increase of electric power prices. The price per watt of installed solar panels is slowly coming down. I think that current prices are in the neighborhood of $6-10 per watt. To be truly competitive at today's electricity prices it still has a ways to go before it can directly compete in today's market. However...... There are several factors. Note that once you buy the solar panels, your costs are basically fixed. That means that the cost of the energy you are receiving from those panels is frozen because you have already paid for the energy by purchasing the solar panels. For everyone else that is still buying from the electric company, their prices will continue to rise. At some point you will end up paying less than they for the same amount of energy. How long it takes before you are paying less depends on how much your panels cost and how much you would have been paying if you continued to purchase energy from the electric company. There are promising technologies that may provide lower cost solar cells. These may push the price per watt in a direction to make solar cells more competitive at today's electric prices. That hasn't happened yet. There is also some companies that are making plans to rent solar panels to home owners and the price you pay as rent is to simply pay for the electricity provided by the solar panel at the price your electric company would charge - and the price is then frozen at that price for the length of the lease. The freeze of the price under those conditions is the real benefit for solar panel rental. However, to my knowledge none of these companies are actually delivering to the mass market as yet. BALL SH*T!
