Emerging Tech

Solar Panels Could Be Next on the Shopping List for British IKEA Shoppers

Michael Probst/AP File Photo

IKEA, the Swedish furniture company, will soon start offering solar panels at its British stores, AP reports. At roughly $9,200 a system, the company estimates the panels will pay for themselves in seven years.

Solar power at the utility scale has increased recently in affordability, but its cost-effectiveness for residential use is dependent on government subsidies, studies say. The British government does offer incentives, known as feed-in tariffs, for residential solar purchases. IKEA says it hopes to expand it solar sales to other countries eventually.

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