Advancements in alternative energy collected from renewable sources span everything from sunlight, wind, rain, tides and waves, to geothermal heat. The beauty of renewable energy resources is that they exist over wide geographical areas, as opposed to other energy sources, which are concentrated in a limited number of countries. Not only are renewable energy systems quickly becoming more efficient and cheaper, they’re also much safer and environmentally friendly.
Here are some reasons why solar energy, in particular, is the wave of the future.
Everybody knows that when it comes to selling any product, in order to supply it to the masses, there must be a demand for it. We’ve been steadily seeing the solar sector’s growth increase at a rapid pace. In 2013, we saw it become the second-biggest source of energy generation after natural gas. Residential projects grew, and enough solar panels were installed to power over three-and-a-half million homes. Investors are overwhelmingly being advised to pour their money into solar stocks, which have been consistently soaring in value for years now.
Solar panels in general are already pretty cheap. John Farrell, director of the Energy Self-Reliant States and Communities program at the Institute for Local Self-Reliance, has been quoted as saying, “100 million Americans in the nation’s largest cities will be able to ‘go solar’ for a lower price than grid electricity in the next ten years.” Forbes indicated that solar is already cheaper than utility power in several states on a dollar-per-kilowatt-hour basis. It’s actually the installation that adds to the cost. While the devices that convert solar energy into electricity only come in limited forms at the moment, scientists and economists have been working on new technology that will make certain solar cells more efficient and less expensive to produce and install. Perovskite solar cells are still years away from meeting those needs, but research shows that between perovskite and silicon solar cells, the future is promising.
EVERYBODY Loves the Idea of Solar
Despite common divisions, most people seem to be on-board with solar. Almost all of the biggest US corporations are making investments in solar power in one way or another. With new solar installations on the rise, big business is using it—and using a lot of it. They have been seeing the results, and they like it. One of solar energy’s biggest allies, believe it or not, is Walmart. Even the most conservative politicians have been heard describing solar energy as a free market issue that gives consumers more choice. Past surveys have noted that an astounding 92 percent of Americans want to develop more solar energy.
While there are technological challenges that leave some room for improvement, the future has never been clearer.
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