Renewables Pros and Cons

What is the main concern mentioned in the summary about the rapid growth of the solar energy market?

• The high cost of solar panels

• The rapid replacement rate and recycling challenges of solar panels

• The lack of government incentives

• The inefficiency of solar panels

What percentage of solar-related expenses does the Solar Investment Tax Credit defray for all residential and commercial customers?

• 10%

• 26%

• 30%

• 50%

What is expected to happen to the tax credit for commercial installers after 2023?

• It will increase to 30%

• It will step down to a permanent 10%

• It will be completely removed

• It will remain the same

What has driven the sharp decline in production costs of solar panels over the last 10 years?

• Government subsidies

• Increased demand for solar energy

• Manufacturing innovation by Chinese panel producers

• Improved efficiency of solar panels

What is the anticipated impact of new regulations and incentives launched by the Biden administration on the solar energy market?

• Decrease in solar panel installations

• Increase in solar panel installations

• No impact on the solar energy market

• Increase in fossil fuel usage

What is the main concern regarding the disposal of solar panels as mentioned in the text?

• The high cost of disposal

• The sheer volume of discarded panels

• The lack of government regulations

• The inefficiency of new panels

According to the International Renewable Energy Agency (IRENA), how much annual waste is anticipated by the early 2030s?

• 50 million tonnes

• 60 million tonnes

• 70 million tonnes

• 78 million tonnes

What are the three variables that are particularly salient in determining replacement decisions for solar panels?

• Installation price, compensation rate, and module efficiency

• Installation price, government regulations, and module efficiency

• Compensation rate, government regulations, and module efficiency

• Installation price, compensation rate, and government regulations

In the example provided, what was the total cost of installing solar panels for Ms. Brown in 2011?

• $30,800

• $40,800

• $50,800

• $60,800

By what percentage have the costs associated with buying and installing solar panels fallen by 2026 compared to 2011?

• 50%

• 60%

• 70%

• 80%