VietNamNet Bridge – Luc Van Tan, a HCM City resident, is considering installing solar power panels on his 35sq.m rooftop to save on electricity bills.

Solar power panels are installed on the rooftops of households in Hanoi. — VNA/VNS Photo

But the initial investment for the panels has made Tan think twice.

It costs between VND25 million (US$1,070) and VND30 million ($1,280) for each 10sq.m panel. That means Tan would have to spend about VND90 million ($3,840).

In spite of the long-term profits solar power brings, many families hesitate to install the panels due to the cost.

It is estimated that it takes just five years to recoup the investment but not all families can afford the initial outlay. Tiếp tục đọc “High cost casts a shadow on solar power” →