This website uses cookies to ensure you have the best experience. Learn more

Future Of Solar Power Essay

882 words - 4 pages

In 1876, William Grylls Adams and Richard Day discovered that when Selenium was exposed to light it produces electricity .But Werner Von Siemens an electricity expert, discovered that the Selenium cells were not efficient. In 1953,Calvin Fuller and his colleagues detected that Silicon solar cell produces electricity and was efficient enough to run a small electrical devices. In 1956,the first solar cell were available commercially, but the cost was huge , at $3000 for 1 watt of solar cell. In 1970, scientist found a way to lower the cost of solar cells from $100 per watt to $20 per watt by replacing Silicon by Exxon. Today we see solar cells in a wide variety of places, but the future of ...view middle of the document...


When you begin to generate your own solar power you can lock your electric rate, because your usage will depend on the size of your solar system. If your power plant isn't producing enough power you can use some from the utility grid, this will reduce your electric bill by a significant amount, like for example if 60% of your power is produced by your solar system than you bill will be 60% lower than usual.
Second, solar power has financial benefits. It is a great time to invest in solar power because the cost of the equipment is declining and the system paybacks are shorter than ever. The cost of a solar power system depends on many factors, the system size have the largest role in determining the cost, the equipment brand and the installation will also influence the cost. For example, a net cost after rebate and tax credits of a typical system of 5,760 watts is $6,992. Although this is a significant investment , don't let the price scare you away because the annual production of this system is 6,651 kwh, his annual saving around $1.397 and his payback period would be approximately 4.6 years. A general way to evaluate a potential investment is to look at the payback period. "Payback period" or "break-even point" is defined to be the amount of time it will take to recover your cash outlay. The solar power system has an efficient use of solar energy but to determine them there are new approaches.
First, the randomness of both the demand for heat and supply of solar radiation have been incorporated. Second, the particular nature of distribution for solar radiation used that is the geometric Brownian...

Find Another Essay On Future of Solar Power

The Power of Solar Energy Essay

2162 words - 9 pages The Power of Solar Energy In today’s world, the growth of energy demands is exploding. Many of the energy sources that supply society with power currently run on non-renewable resources such as oil and coal. These resources also pollute our environment. Other resources such as hydro and wind power are not as reliable as they fluctuate in availability due to environmental conditions. It is important to investigate alternative resources

Pros and Cons of Solar Power

2235 words - 9 pages result of cheaper installation costs, which is more assuring to the public. But at what point can solar power compete against fossil fuels without the use of subsidies? Although this concept may only be able to be obtained in the distant future, it is critical to comprehend all aspects of this power source before committing. The idea that the sun might not always shine, as well as the increase of rooftop solar-panel popularity, are two undesirable

Exploring the Potential of Solar Power

3451 words - 14 pages Introduction and History Solar power is a promising renewable energy source that poses a fair amount of challenges in its implementation. A major challenge towards future, widespread implementation of solar power is solar power’s intermittency. Solar power does not provide energy as regularly and as steadily as nonrenewable energy resources, a hindrance in more widespread adoption and implementation of solar power. Securing energy for

The Future of Power

1061 words - 4 pages RECENSION THE FUTURE OF POWER - Joseph S. Nye, Jr. New York: Public Affairs, 2011, 298 faqe, ISBN 978-1-58648-891-8 Punuar nga: Bardh Lipa Data e përfundimit: 13.04.2014 Recension: THE FUTURE OF POWER - Joseph S. Nye, Jr. Nr. i fjalëve: 1,043 Filozofi i shquar Alain Badiou, në librin e tij " Philosohpy in the present" fillon argumentimin duke thënë se, duhet lënë anash ideja e rreme se filozofi mund t&euml

Types of Inverters for Generated Solar Power with Grid Power

1078 words - 5 pages 1. Grid-Tie Inverters : A grid-tie inverter (GTI) is used to complement the generated solar power with grid power. In addition to regulating the voltage and current received from the solar panels, a GTI ensures that the power supplied to the distribution panel of the load will be in phase with the grid power. On the DC side, maximum power point tracking (MPPT) optimizes the power output by varying the closed loop system voltage. On the

Present and Future Benefits of Solar Powered Homes

1268 words - 5 pages Present and Future Benefits of Solar Powered Homes Introduction      The following is a feasibility study on the need to apply solar power for homes and the benefits to be expected from it. This report contains information on the expected benefits of using solar power for homes in place of traditional methods of power such as electricity and gas. Solar power is beneficial to consumers because it saves them money compared to the

The future of wave power

1136 words - 5 pages for now. But it is something to consider in the future to use in combination of other renewable energy sources such as solar power, wind turbines, and geothermal energy. Bibliography 1) Renewable Energy, “Renewable Energy,” Energy Resources Program, 2010, Dec 09 2013 2)McGrath, Jane. "How Wave Energy Works" 15 July 2008.

The Future of Nuclear Power

2465 words - 10 pages , nuclear power is quite effective way of producing energy. So in the near future we have to replace thousands of fossil fuel stations. If we choose nuclear energy, we will need to build 50 nuclear power stations each year, which isn’t impossible. So we don’t have to build thousands of wind turbines or cover a huge area with solar panels. As a result nuclear power is the most rational solution of the problem. Current nuclear plants also produce

The State of Solar Power Policy And Incentives in Vermont

1969 words - 8 pages The State of Solar Power Policy And Incentives in Vermont Vermont has become widely known as a progressive, even cutting-edge state in terms of its public policy. With two out of three of its Congressional delegation officially independent, a groundbreaking civil-unions law, and no fast-food franchises in its state capitol, perhaps that reputation is well-deserved. Energy; its generation, transmission, usage, and impacts upon the Earth, has

Solar Energy- The true Power of the Sun

1029 words - 5 pages (Writer, 2014). If we could convert all it fully into electricity, humans could create one year’s worth of power for the entire pleat in a single hour (Writer, 2014). That is amazing. Since is evident that the solar energy comes from the sun. The sun is like other stars, it is a big gas call made mostly of hydrogen and helium (, 2014). The sun itself generates energy in its core which is known as a process called nuclear fusion

Fukushima and The Future of Nuclear Power

1050 words - 4 pages the next 30 to 60 years (“Pros and cons of nuclear power”, n.d., para.3). The most appropriate way to get rid of demand on nuclear energy is to replace them with renewable energy sources, such as wind and solar energy. The shutting down of nuclear power stations accelerates building process of the renewable sources. They obtain energy from nature, so they will never come to an end. Moreover, this type of energy source has less effect on the

Similar Essays

Solar Power: The Future Of Energy

1808 words - 7 pages economically efficient to switch everything to solar energy. Solar energy is capable of becoming the world's future power supply because, it is renewable, eco-friendly, and extremely efficient when strategically placed. Solar energy is clean energy that does not affect our environment. Solar power utilizes the sun’s energy to produce electricity, unlike other sources of energy, which rely on continual mining for raw materials. Consequently, producing

Solar Power: Energy’s Bright Future? Essay

882 words - 4 pages Fukushima Disaster highlight the dangers of nuclear power. Hydroelectric and wind energy are also limited in their global reach and efficiency. Billions has been funneled into solar energy programs in the last few years and the technology is certainly not going away. It is touted as humanity’s last option in a quest for fossil fuel independence. Solar energy is certainly worth it, and may even be the future in the struggle for clean energy

Solar Energy's Ability To Power Our Future

792 words - 3 pages Solar ability to power our future Abstract Solar Energy is the process of using the rays from the sun and transferring the energy into thermal or electric energy. A main contribution to solar energy is PV panels. The Solar panels are found in a variety of locations, but mostly found on roofs of buildings or other large surfaces. The panels are devices used to capture the solar energy transferring it into electric or heat energy. Solar energy

Development Of Solar Power Essay

1635 words - 7 pages different devices made of a certain kind of material which could turn the solar power into energy; these devices are called PhotoVoltaics cells or solar cells. With those tiny cells, humans have created (for a much efficient use of this power) a much bigger device called solar panels. Solar panels are made of thousands of solar cells bound together and connected to a certain generator. When sunlight heats this panel, and thus the solar cells, these