Government support and subsidies for solar energy could make it more cost competitive with other energy sources.

Question

Quizplus · Accepted Answer

Government support and subsidies for solar energy can help reduce the cost of producing solar energy and increase its competitiveness with other energy sources. This can be achieved through tax incentives, grants, loan guarantees, and other financial incentives that can make it more financially feasible for companies and individuals to invest in solar technology. Additionally, government policies and regulations can encourage the adoption of solar energy, such as renewable energy standards and feed-in tariffs, which require utilities to purchase a portion of their energy from renewable sources like solar energy.

Government Support and Subsidies for Solar Energy Could Make It