The EIA expects crude oil prices to average $34/b in 2016 and $40/b in 2017. However, if oil prices reach $50/b, instead of decreasing, U.S. production will likely increase because many of the shale oil drillers on the brink of insolvency will view this as a Godsend and boost production to remain in business. They are just waiting to re-open the floodgates here.
Incentives for going solar. The typical home solar panel installation costs from $15,000 to around $40,000. The panels and operating system comprise half of the cost, while the rest comes from labor, permits, inspections and operational expenses.
The Cost of Solar Panels in California. 1  The average cost of residential solar installed in California in 2015 was $18,675. As you shown in the above graph, that price varies by several thousand dollars depending on the region. These prices are solar installations purchased with a loan or cash, they do NOT apply to leased systems.