Solar panels ‘to be more affordable by 2013′ Solar panels will be much more affordable by 2013 – costing half of their 2009 price, so could play a valuable role in the UK’s renewable energy ambitions, a report has said.

Ernst & Young has pointed out that the average cost of an installation of solar panels has dropped to around $1.50 (just under £1) per unit, from $2 (around £1.20) in 2009, the Guardian reports.It predicts that the price will continue to fall to reach the $1 (around 60p) mark in 2013.And Ernst & Young adds that solar panels are only economically viable at the moment because of government subsidies through the Feed-in-Tariff scheme, but with the lower cost, people could afford solar panels without extra help.And because of this, it argues, solar electricity could play an “important role” in achieving the UK’s renewable energy targets.A recent study by TheEcoExperts.co.uk showed that 60% Brits think adding solar panels to their property would be too expensive, while 7.5% of people were dubious about how much money renewable energy could save them.

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