Solar Power Is a Viable Source of Energy

As the world progresses into more eco-friendly lifestyles, many believe that solar energy is a newfound energy source to utilize. This renewable resource is a method used for replacing the existing system of burning non-renewable fossil fuels for generating electricity. It sounds terrific for both user and the environment! However, is solar power really a viable source of energy? After reviewing these 3 factors, one can see how solar power is viable.

3 Solar Power Aspects for Energy Source Viability

1. Supply-demand:

Solar energy saves money for both commercial and residential solar power installation by numerous means.

  • Energy bill reduction
  • Tax exemptions
  • Government incentives

These savings have led to an increased demand. It is predicted that solar power will be the largest source of electricity in the world by 2050.  Also, the International Energy Agency believes that cost of the panels will drop 60-70%. So although some elements of solar energy may be limited or initially expensive to start up, the future of it is extremely bright!

2. Interactive systems: Many electrical companies today use net metering to measure and control the amount of electricity used. The grid-tied PV system used in a solar energy system is a more efficient choice because inverters measure modules by their maximum power instead of lower voltage needed for recharging batteries. This eliminates thousands off of standard stand-alone systems because of not needing batteries that come with processes encompassing sulfurous gasses and chemicals.

So although PV systems are not as needed for people living on the grid due to current access to electricity, the cost saving technique of eliminating battery purchases drops the price of the PV system for those living where it may not necessarily be needed. Of course, there is a high plausibility that the price will eventually drop like the solar panels by 2050. This, by far, increases its viability!

3. Benefits: There are more benefits to a solar home panel system besides the system being more environment-friendly when compared to present methods.

  • Lower utility costs
  • Increased home value
  • Homeowner ability to sell solar-generated electricity to utilities
  • Cost offsets
  • Dependability
  • Inability to monopolize the sun

These beneficial factors are going to be part of the driving force for increasing the demand and use of solar energy. This viable factor will circle back towards factor number one, demanding supply. So although elements like solar power production timing, current grid-tied PV system costs, and lower availability of material supplies are some cons present today, the futuristic outlook for resolution is very promising.

After peeking into the futuristic perception of residential solar power installation systems and commercial use, it is easy to see the viability of the resource. The three main factors directing me to this conclusion are supply demand, interactive systems, and associated benefits. It’s true, currently owning the renewable energy system may have a drawback or two. However, the pros outweigh any cons. None the less, current limitations may not even exist in years to come because of demands and newer developments.

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