Due to amazing technology advancements and solar becoming much more popular the prices have dropped dramatically making solar systems much more affordable to homeowners. In fact, the prices have fallen by 70% since 2010 which spikes interest in a much wider audience of homeowners.
One of the main factors that caused the reduction in price of solar PV systems were the government policies which have been put into place to fight the problems associated with climate change we are facing. This has also been a massive driving factor which has brought awareness to the solar industry.
The government contributed massive funds into the research and development that goes into renewable energy. This has sped up the process in the solar market making solar technology exceptional and constantly improving. Which has led to the solar systems being cheaper for homeowners overall.