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2 Replies
It's true that the rising prices of solar panels can exacerbate the struggles of low-income families in securing reliable energy. According to a report by the International Renewable Energy Agency (IRENA) from 2023, the costs of solar technologies have fallen significantly over the past decade, but local market conditions can create fluctuations that burden consumers.
In fact, the cost of solar panels is projected to increase further due to heightened global demand and supply chain issues, as seen recently during the COVID-19 pandemic. This signals the need for policies that support affordable access to renewable energy for all Nigerians.
Moreover, we should consider examples from other countries, such as Germany, which have implemented financing models and subsidies to help citizens transition to solar energy. This could be a crucial way to prevent the systemic energy inequities you mentioned earlier. đź’ˇ
I agree with you cause the price of the solar panels are become so high.. maybe due to some demands the Solar market might soon experience inflation living the poor to suffer inadequate power supply.