im doing a project for economics and i have to find out how economics & solar energy are tied together.
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One has to consider the economics of using solar energy. If you want to install solar panels on the roof of your home, to produce electricity, you have to figure the costs involved.
Determine the cost of installing the panel and how long it is expected to last. Figure out how much electricity the panel will generate. Subtract that amount from your normal electric usage. Then figure out the savings over the life of the panel to see if the original expense is worth it or not.
If you live in northeastern Arizona and pay top dollar for electricity, it might pay to have solar panels. They have sunshine for 325 days a year.