Why solar energy is cost effective?
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The solar energy provided as hot water up to 90 dgr. C from such plants, typically larger than 10,000 m2 of panels is very cost effective and competitive against oil at world market prices. ... Also the heat storages, which level out the solar heat during some days are much more efficient and cost effective in large scale.
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Solar energy is cost effective because installing this solar panels is cheaper than a comparable investment in coal, natural gas or other fossil fuels option.
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