For a long while, solar panels were considered something only the rich could afford. It was quite ridiculous as sunlight, which is its fuel, is free. This presented a challenge to manufacturers on how they could make it affordable and accessible. Modern technological advancements have seen this turn into reality. Average solar electric systems cost a fraction of what they did when they were first invented. The panels seem to be popping up everywhere, in farms, cities, suburbs and small towns. Governments are rolling out policies that open solar power production to the masses. This covers the low and middle-income families.
Most business and family homes are not designed with enough roof space to install their solar panels. The families that reside in subsidized housing will triple their clean energy installations. Charities, states, cities, and investors have committed billions of dollars in financing solar technologies and their efficiencies. Other notable inventions are available on iBreeze Air and Solar appliances.
Over the past decade, or so hundreds of thousands of homes have installed solar systems on their rooftops. The panels reduce the energy efficiency and reduce the peak demands during the evenings when people arrive home from work and turn on the ac among other appliances. This has resulted reduced the demand on the national grids when compared to that several years back.
How reliable is solar energy
Scientists reveal that climate change will remain a challenge regionally and globally due to heat waves. Whenever demand levels soar, utility-scale will play an integral role in providing power as the demand soars. After the
heat wave, last month, we have seen solar power perform better than other technologies when exposed to extreme temperatures. For a fact, extreme heat takes a heavy toll on electrical and mechanical equipment. The more the temperature soars to triple digits, the more the cases of canceled or delayed flights. This might affect jet engines which might be unable to run efficiently when exposed to those high temperatures. Alternatively, thermal power plants running on natural gas, coal and nuclear energy can be affected by temperature rises.
The slow transition
Aging fossil fuel powered plants are shutting down in the developed world as their reliability fades. Local and national governments are showing an eagerness to invest in solar power. No matter how we look at thesituation, the prospects for solar energy appear to be very strong. The industry seems to have prospects once the heavy incentives are relaxed. Success in the solar industry was all about scaling. The infinite presence of the sun
presents a good future for solar energy.
Based on science and history teachings, it’s imperative that we prepare for weather conditions that are extreme. The harmful effects of climate change seem to be inevitable. Also, the solar market seems to be buffered from oil price shocks. Historical data has found no direct correlation between electricity prices and the growth of solar. Alternatively, it costs a lot less to harness electricity from solar than from oil. Most of the shareholders releasing their solar stocks refrain from selling their holdings
within the energy sector.