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Energy Business Review | Friday, January 21, 2022
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The importance of solar energy as an alternative source of energy.
FREMONT, CA: The continuous advancements in technology have made it possible to harness solar energy to produce electricity for industry and residential purposes. There are several benefits of using this freely available source of renewable energy acquired from the sun's radiation.
Environmental Impact: The impact of solar energy on the environment is very less in comparison with other sources of energy as it does not pollute the water or produce any greenhouse gases. The maintenance of solar installations needs minimal water when compared to other power sources such as nuclear plants that need more than 20 times more water.
Energy Bill Reduction: When an individual produces his own electricity through PV panels the consumption of energy from the supplier becomes less, which reflects in the savings on energy bills. Selling the unused electricity produced by the panels back to the grid can fetch more money in return. As a result, solar panels are a beneficial green investment for you.
Peak Hour Production: Solar energy is produced maximum in the morning which happens to be the peak time for consumption of electricity. The price of electricity is high during this period. The energy acquired in this time has a very high value than the other times. With more production of solar energy, the cost of electricity at these peak hours could be brought down.
Applicable Everywhere: Solar energy can be developed anywhere as long as the sun is up. This property of solar energy is useful for remote regions in particular where there are no other power sources available due to their location, improving their lives.
Minimal Loss During Long Distance Transport: About five per cent of electricity is lost during transport and distribution, and with longer distances between supply and production points the loss occurring is more. Regions with high population density can be affected by this even though these losses seem insignificant on a large scale. PV panels on yards and roofs of residences increase efficiency as the distance is reduced.
Improvement in Grid Security: With more power plants spread out across the region facilitating constant power supply, there is a very less chance of a blackout or interruption. This in turn boots the security of the grid against human or natural disasters and overload.
Creation of Job: With the growth of this industry, an additional workforce is required for the installation of panels, related services, and periodic maintenance creating opportunities within the local communities.
Solar is the fastest growing renewable energy resource across the world. And with the advancements in technology, it going to become the most important source of electricity in the near future.
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