While cheaper fuel beckons for the US and Europe, weak oil-producing nations face hardship from the vast transfer of wealth.
Long Islandâs high electric costs have made it an attractive market for solar. About 40 percent of all systems installed in New York are on Long Island, according to the stateâs Energy Research and Development Authority.esearchers found that buyers were willing to pay a premium of $15,000 for a home with the average-size solar photovoltaic system (3.6 kilowatts, or 3,600 watts), compared with a similar home without one. Put another way, that translates to about four additional dollars per watt of solar power.
That so-called utility-scale solar market is still significantly bigger than the one is for homes. In the most recent quarter, there were 729 megawatts worth of solar panels installed in solar farms for utilities. At the same time there were 473 megawatts of solar panels installed on home roofs. One thousand megawatts is about the size of a large coal or natural gas plant. But the amount of U.S. residential solar panels has been growing more rapidly, and has been expanding across more states than ever before.