The Cost of solar energy compared with cost of electricity
The majority electricity comes from fossil fuels. A massive demand for electricity is there today but fossil fuel reserves are getting lesser day by day. The demand for solar power has increased because it is derived from a natural resource that is sunlight available in abundance. For centuries,solar heating was used,but today it the demand for solar electricity. Taiwan has recently inaugurated its first fully solar-powered stadium. The Solar systems that are designed to replace electrical usage is now catching on in a very big manner.
The concept of using solar power for homes has come a long way in a relatively short period of time. Solar Technology converts the sunlight into electricity through solar cells. The generated power can be used directly or stored in containers for further use to run various applications like computers,dishwasher,icemaker,tubelights,TV,fans etc. One of the major doubts that most of the people are what is the cost of solar energy? Is it of low value or high cost? Let me share some highlight regarding this.
One of the major issues with the cost of solar energy has been that it costs more than electricity that is generated by conventional means. The Sun’s energy is free but the technology used to convert it to electricity is very costly. The cost of solar power for one unit is Rs 15 while it costs just Rs 1.From coal it is 19 per unit. The value of solar power depends on the amount of power used by the consumer. More amount of amount means larger solar panels which comes at a higher price. The Price of a good home made solar water heater system is $14000. 50-100% reduction in those monthly power bills that are generated due to heating hot water. The cost of a solar energy system to power a computer and few other small items will be around $700 to $1000.
The cost of solar power for your home depends on how much energy in kilowatt-hours (kWh) do you use per month. Investing by Dollars per Watt is the best way to choose solar panels. The Price of photovoltaic panels have dropped at a steady rate of 3-5 percent per year since last decade. However, prices may not seem all that low to you, because in general the technology is getting better, so each panel is making more watts than those of a few years ago.
Because of strong demand for large photovoltaic installations around the world, there has been a general shortage of new panels. PV Panels can be seen from local newspaper classifieds. The Banks & Government provides loan facilities for purchasing solar lighting and heating systems. If you buy the solar panels for your house, then your insurance company also insures them, just like they insure the rest of your household items.
Now solar enterprises are spreading the awareness on the huge potential demand for solar batteries in the domestic market supported by government and implementing low priced solar technology. The energy of sun is limitless for several generations,unlike the fossil reserves that power to the countries as long the resources are available. Without leading to pollution,vast solar farms will come up in future that will be generating cheaper power for the entire city.
