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 average American homeowner wanting to reduce their cost of electricity by going solar will face increased costs of around $2,485 if 30% solar cell and solar panel import duties are imposed. Solar is an industry that lives on the edge.