3 Factors Affecting the Boom of the Solar Power Industry

3 Factors Affecting the Boom of the Solar Power Industry
October 02 18:10 2015 Print This Article

Without a doubt, a lot of people are now more inclined to the use of solar power. The ideas that it is a renewable energy and it does not pollute the environment made a lot of people change their minds. If the trend continues, then we will certainly get rid of energy sources that are harmful to the environment. Though the current data reveal that there is an increase in the number of people moving from regular energy sources like natural gas to solar energy, there are still issues that need to be addressed.

Overall cost
In as much as people wanted to support the idea of helping save the environment, they just can’t, considering the amount of money they have to pay. The overall price is just down by 10% compared to its price several years ago. However, the good news is that government tax breaks and other policies related to solar energy shift helped a lot to convince more people. Research is also being conducted to find cheaper materials, but produce the same results. For instance, cadmium telluride is now used to make thin film solar cells, which is a lot cheaper. Read more about Advantages & Disadvantages of Solar Energy so you can easily compare the prices.

Energy output
This is another challenge since the amount of energy being released through solar power depends on the changes in the environment. For instance, the passing of clouds reduce the output by 50%. In comparison, current generators are more stable which is why people prefer them. However, power fluctuations are now being addressed by allowing generators to inject additional power. The only problem is that it cannot be done at all times since it will drastically increase the cost of solar panels.

Absence of the sun
Obviously, solar energy comes from the sun. During the night when most people use energy, there is no sun. Thus, more researches are now focused on this issue. Solar batteries are considered as the solution, but they can be a bit expensive. Another solution is to store heat using natural sources like salt, oil or rocks. The stored energy can be used later. There are also a lot of other researches currently in place to find ways to store energy for later use in the absence of the sun.

Give it a try
Despite these obstacles, there is still a massive campaign to use solar energy. After all, this is a move to help save the environment. Start by checking out How do Solar Panels Work here.

  Article "tagged" as:
view more articles

About Article Author

Henry McMillian
Henry McMillian

View More Articles
write a comment


No Comments Yet!

You can be the one to start a conversation.

Add a Comment

Your data will be safe! Your e-mail address will not be published. Also other data will not be shared with third person.
All fields are required.

Time limit is exhausted. Please reload CAPTCHA.