Solar Power And Energy: Is A Solar System Right For Your Company?
In the 1860s, solar energy projects were thought to be a practical alternative to fossil fuels
. Amazingly, these projects have been ongoing since then. These early attempts for solar power development -which transforms sunlight into electricity by way of either solar or focused, mirror/lens technologies - had been left behind as petroleum grew to be our key energy source.
These days, together with wind power projects, solar power and energy are driving new technologies regarding power creation. Photovoltaic systems are the most cost effective, as they work with absolutely no fuel, and often last anywhere from 25 to Forty years with almost no upkeep. Really, the only serious price tag associated with power creation with a solar power system, then, is the initial set up.
In the U.S., installment costs are calculated in $/watt, and the electricity made is sold in $/kWh. Each year, a single watt of installed photovoltaic solar cells usually generates about 1-2 kWh. That said, the true breakeven point for any company or individual considering a solar power project is determined by the above figures in conjunction with external factors, such as the local insolation (how much solar energy radiation is received over a given surface area over a predetermined amount of time) and the cost of local electricity.
These external factors mean that the energy payback time (time required
for a solar system to generate energy consumed to produce the system itself) for a photovoltaic system in the United States can range from 8-11 years. However, there are newer technologies developing which could reduce this range to 1-3.5 years, such as crystalline silicon and thin film technologies. Due to these types of extreme initial costs, solar powered energy for residences remains out of reach for the majority of consumers.
Despite that fact, businesses are finding that solar power is an increasingly lucrative power alternative. For solar, the ratio of power created divided by the energy required to construct and maintain the equipment, known as the energy returned on energy invested, can vary from ten to thirty. In other words, a solar project will make enough power over its lifetime to reproduce itself from 6 to 31 times, determined by technological and external factors.
If you're thinking in terms of long-term gain for your business, a solar power system might easily prove more rewarding than you first thought. Still, how about the short-term costs, which can be so high they may detract from these faraway, upcoming advantages? In an effort to help counterbalance the upfront costs of these systems, the US offers a number of financial incentives and programs. A majority of these differ from state to state and region to region, but you will discover three that are well-known, and may frequently be grouped together.
The first one comes in the form of investment subsidies, which act as refunds on a portion of the costs to install the system at your place of business. Subsequently, a feed-in-tariff is a secured amount at which your local electric power company purchases the extra energy made by your enterprise;s system in line with a multiyear commitment. And finally, the third program, known as Solar Renewable Energy Credits, serves to encourage buisnesses to purchase large-scale energy that was generated by your company's photovoltaic system or face an Alternative Compliance Payment fine.
Collectively, this evidence signifies that solar energy can be a long-term investment for ones organization. Certainly, if your business is located in a region with a high insolation value in a state with offers that can be combined, then a solar power project may prove to be incredibly profitable.
by: Gary Mandela
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