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Bernadette Del Chiaro, the executive director for California Solar and Storage Association, said a solar panel system for a single family home typically costs $3.75 per watt.
As part of Governor Arnold Schwarzenegger's Million Solar Roofs Program, California has set a goal to create 1,940 megawatts [64] of new, solar-produced electricity by 2016 – moving the state toward a cleaner energy future and helping lower the cost of solar systems for consumers. The California Solar Initiative has "a total budget of $2.167 ...
The cost of a solar PV module make up the largest part of the total investment costs. As per the recent analysis of Solar Power Generation Costs in Japan 2021, module unit prices fell sharply. In 2018, the average price was close to 60,000 yen/kW, but by 2021 it is estimated at 30,000 yen/kW, so cost is reduced by almost half.
To make it cost-effective with the state’s new incentives, homeowners now need to install batteries in addition to solar panels, but that can cost an additional $10,000 to $20,000 or more.
Gov. Gavin Newsom's appointees voted unanimously to reduce payments to homes and businesses that go solar.
California is the only state with extensive deployment of wind, solar, and geothermal energy. California's venture capital investments in sustainable energy are greater than the other 49 states combined, at $2.2 billion in 2012. [ 109 ]
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