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The applications of solar technology are diverse and expanding. Beyond residential solar panels installed on rooftops, there are large-scale solar farms that contribute significantly to national power grids. Countries like Germany, China, and the United States have invested heavily in solar infrastructure, showcasing its feasibility as a primary energy source.
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Another element affecting solar panel pricing is the scale of production. As the demand for solar technology has grown, economies of scale have come into play, driving down the cost of manufacturing. Major manufacturers can produce panels more cheaply due to high production volumes, therefore offering better prices to consumers. Market competition also plays a significant role; as more companies enter the solar market, they often engage in price wars, leading to lower costs for the end consumer.
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