Solar PV Panels – The Best Alternative To The Conventional Energy Source

March 17, 2016 Business & Finance

Are you aware that the solar energy is the next big thing? With the depleting resources of traditional energy forms, increasing prices of the same are forcing people to think on the alternatives. From the economy point of view as well as environmental point of view, solar energy generation is proven to be the best option.

All these days we have been using the electricity that is generated using various fossil fuels such as diesel or coal. Both the forms are dangerous to environment. We are already experiencing the side effects in the form of global warming and erratic changes in the weather conditions. It is not affecting any particular country of region, but the whole world is getting affected.

In order to come out of this dangerous situation and save our mother earth, usage of solar energy is being emphasized. The usage of solar energy in residential appliances has been increasing from past few decades. Across US and other parts of the world, there has been a tremendous increase in solar energy production.

According to some reports, there has been a record production of solar energy during third quarter of 2013. Around 182 megawatt of energy was fed to the grid. Sources say, the increase in production is mainly due to falling prices of solar equipments. Various states in US are boosting people with lucrative incentive schemes to use solar energy.

Solar PV Panels - The Best Alternative To The Conventional Energy Source

Solar companies in northern California have concluded that the cost of solar PV panels have fallen by over 4%, within a short span of time. This means more and more people can opt to this source of energy and in turn help saving the environment.

There are two ways in which you can find your savings on the energy bills.

  • Generate solar energy on your own. This will give you independent source of energy which can be used according to your needs. It will also decrease your dependency on the utility power.
  • You can lease out the solar panels installation. This will eliminate the initial investments and also you can enjoy the benefits of solar energy. Although the ownership of solar panels lies with third party, you can still enjoy the benefits.

According to some source from EU, the solar energy is becoming more and more viable to common people than the energy from conventional sources such as coal. The research also suggests that there will be almost reduction in the cost of solar energy to 0.06 Euros by 2030. The study also suggests that this cost will replace all other logistics costs such as transportation of fuels and transportation of energy etc.

Every household can start producing their own energy by simply installing the solar PV panels on their roof tops. Some of the advantages of this option are:

  • Environmental friendly
  • Solar energy panels are durable
  • You will get assured returns on the money you are going to invest on solar panels

Solar panel installation is actually one time investment with almost nil maintenance charges. Hence, more and more people are supporting the idea these days.