In sunny parts of the country, solar panels generate net financial benefits in just a few years, despite having high installation costs. Despite their long-run profitability, the high upfront costs discourage many from installing solar panels. From a behavioral economics perspective, this is the result of

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Myopia is the tendency to focus on short-term benefits and costs while ignoring long-term consequences. In the case of solar panels, the high upfront costs discourage many from installing them, even though they would generate net financial benefits in just a few years.

In Sunny Parts of the Country, Solar Panels Generate Net