Solar energy is world’s most used renewable energy. It is increasing day by day only USA solar industry employs more than 200,000 people. Solar power is very cheap because it uses only sun to generate electricity. Another reason for using solar energy is that it’s eco-friendly.
Cost Reduction in Solar Panel
There are two ways to reduce their cost. First one is by reducing its manufacturing cost and second is by increasing their efficiency. Many companies have reduced manufacturing costs through innovation. On the other hand some companies have increased their efficiency through solar cells. Silicon based solar module cost has dropped 80% in last 7 years. It has a huge impact on cost of solar energy.
Advanced Photovoltaic Cells
The most common way of changing solar energy into electrical energy is through PV cells. Sun gives energy which PV cells covert in electricity. There are much advancement done in PV cells in recent years and it is still continuing. In Future it will become more efficient and reliable.
Investment
A latest study tells that solar energy generation will result in higher return on investment. It showed that renewable energy can reduce healthcare cost by 20% comparing to coal and other methods of generating electricity. Many investors are investing in it because it’s getting popular.
Clean Energy and Economic benefits
Coal and other forms of generating electricity are affecting climate. Renewable energy is a solid solution for this climate change. It helps economy to reduce healthcare cost because it is clean energy. Coal gives out harmful gases which are the causes illness and other diseases. Through the use of renewable energy government can reduce its healthcare cost. This is the reason for solar energy having a bright Future.
Solar energy is world’s most used renewable energy. It is increasing day by day only USA solar industry employs more than 200,000 people. Solar power is very cheap because it uses only sun to generate electricity. Another reason for using solar energy is that it’s eco-friendly.
Cost Reduction in Solar Panel
There are two ways to reduce their cost. First one is by reducing its manufacturing cost and second is by increasing their efficiency. Many companies have reduced manufacturing costs through innovation. On the other hand some companies have increased their efficiency through solar cells. Silicon based solar module cost has dropped 80% in last 7 years. It has a huge impact on cost of solar energy.
Advanced Photovoltaic Cells
The most common way of changing solar energy into electrical energy is through PV cells. Sun gives energy which PV cells covert in electricity. There are much advancement done in PV cells in recent years and it is still continuing. In Future it will become more efficient and reliable.
Investment
A latest study tells that solar energy generation will result in higher return on investment. It showed that renewable energy can reduce healthcare cost by 20% comparing to coal and other methods of generating electricity. Many investors are investing in it because it’s getting popular.
Clean Energy and Economic benefits
Coal and other forms of generating electricity are affecting climate. Renewable energy is a solid solution for this climate change. It helps economy to reduce healthcare cost because it is clean energy. Coal gives out harmful gases which are the causes illness and other diseases. Through the use of renewable energy government can reduce its healthcare cost. This is the reason for solar energy having a bright Future.
Solar energy is world’s most used renewable energy. It is increasing day by day only USA solar industry employs more than 200,000 people. Solar power is very cheap because it uses only sun to generate electricity. Another reason for using solar energy is that it’s eco-friendly.
Cost Reduction in Solar Panel
There are two ways to reduce their cost. First one is by reducing its manufacturing cost and second is by increasing their efficiency. Many companies have reduced manufacturing costs through innovation. On the other hand some companies have increased their efficiency through solar cells. Silicon based solar module cost has dropped 80% in last 7 years. It has a huge impact on cost of solar energy.
Advanced Photovoltaic Cells
The most common way of changing solar energy into electrical energy is through PV cells. Sun gives energy which PV cells covert in electricity. There are much advancement done in PV cells in recent years and it is still continuing. In Future it will become more efficient and reliable.
Investment
A latest study tells that solar energy generation will result in higher return on investment. It showed that renewable energy can reduce healthcare cost by 20% comparing to coal and other methods of generating electricity. Many investors are investing in it because it’s getting popular.
Clean Energy and Economic benefits
Coal and other forms of generating electricity are affecting climate. Renewable energy is a solid solution for this climate change. It helps economy to reduce healthcare cost because it is clean energy. Coal gives out harmful gases which are the causes illness and other diseases. Through the use of renewable energy government can reduce its healthcare cost. This is the reason for solar energy having a bright Future.
