Solar technology is applied in urban development for environmental and financial purposes. With its declining cost over the past decade, solar energy has become more competitive than conventional energy sources. For urban developers, this lowers long-term energy costs, making housing and commercial spaces more reasonably priced. Solar-powered cities could attract green businesses and industry, generating employment and local economic growth.

Solar technology has huge environmental benefits. Solar is clean, renewable, and greenhouse-gas-free. Cities can greatly reduce carbon emissions and prevent global warming using fewer fossil fuels. Solar technology reduces the urban heat island effect, which makes cities warmer than rural areas. Solar panels reflect sunlight and reduce heat absorption on rooftops and in cities.

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