Japan to Cut the Cost of Solar 50% Creating Greater Self-sufficiency
The country however is the 2nd largest global market for solar energy, and is home to some of the largest solar component manufacturers, including Sanyo, Kyocera, and Sharp. The Japanese government will introduce tax credits and subsidies to encourage household use of solar energy starting next year.
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The incentive will decrease the cost of a solar photovoltaic system by an estimated 50% within 3 to 5 years. This initiative will make solar energy especially appealing because the cost of electricity in Japan is already over $.20 a kWh. This is roughly double the rate of electricity found in many areas of the US.
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The incentive will decrease the cost of a solar photovoltaic system by an estimated 50% within 3 to 5 years. This initiative will make solar energy especially appealing because the cost of electricity in Japan is already over $.20 a kWh. This is roughly double the rate of electricity found in many areas of the US.
Germany is the largest solar market (due to government policy encouraging solar development).
Related: Large-Scale, Cheap Solar Electricity – Solar Energy: Economics, Government and Technology – Wind Power Potential to Produce 20% of Electricity Supply by 2030 – solar energy posts on the Curious Cat Science and Engineering blog
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