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.
The U.S. installed 2,031 megawatts (MW) of solar PV in Q3 2017 to reach 49.3 gigawatts (GW) of total installed capacity, enough to power 9.5 million American homes. This represents a 51% decline over a record-breaking 2016. The industry is poised to install nearly 12 GW of solar capacity before the end of the year. Read the Latest Report