Solar products growth picking up

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A brave new world of gadgets is coming up with a new potential in solar energy. The way growth is picking up and venture capital investments are pouring in, solar products are something you need to watch out for.

There are large number of solar products on offer: iPod chargers, emergency lights, rice cookers, lanterns, water heaters, garden lights, AM/FM radios, rechargeable fans, power fences, water pumps, etc.

Though these gadgets cost more than their conventional counterparts.  But  the upfront price can be compensated in the money saved on electricity bills. Solar products will help you survive power cuts and also have low operating costs. On customary products one needs to pay a regular amount of electricity bill (electronic water heater is usually blamed for yielding soaring bills) whereas solar products involve a one-time installation cost, leading to the cost recovery in the near future.

"The costs are falling  due to plummeting price of solar modules,"  Solar experts and producers say.  Solar modules typically accounts for 50 per cent of a product cost and its price. Further due to increasing competition, prices have dipped to R80 to 100 per watt from R200 to 230 per watt in the past year.