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Why should you think about Solar Energy?

Despite the latest hype about solar energy technology in the US in last few years, this technology has been around for many years. Its programs in aerospace science along with the military have proven to be really useful and practical. Also, due to the pricey energy in Japan and some European countries, solar power technology has been employed in commercial and residential buildings for more than a decade. In fact, their visionary governments also have a long-term commitment throughout subsidizing solar/wind technologies and delivering appropriate incentives to warrant its cost. solar pv malaysia


There are many short-term along with long-term benefits resulting from adding solar panels for homes and businesses. Solar panel technology is a terrific strategy to utilize the free energy Mother Nature offers and you will find many positives benefits by utilizing solar energy, for both personal advantage and for the good of the human race. Solar energy will also help decrease consumption of traditional non-renewable fuels and will have a positive effect on the environment.

Many benefits occur hand and hand with a switch to solar energy. To start with taking into consideration the current exasperated prices paid for non-renewable fuels, the money saved in monthly energy costs is an immediate gain. On average the cost of utilities in the last 30 years are already increasing almost 7% a year and a projected increase of 10% yearly pertaining to coming years may not be much off. By installing solar power systems for residential homes and commercial businesses, consumers will minimize their utility prices drastically and also truncate any more increase in prices regarding utilities, meaning more income can be saved. Because solar panels are usually highly durable items that require minimal upkeep and are backed by 25-year create warranty, the long-term budgetary benefits are just as impressive.

Could be the technology mature enough?

For those people that they own some doubt about the maturity of this technological innovation, it should be noted that solar energy technology has already made many technical advances and perhaps it is in its middle ages regarding residential and commercial apps. Of course, like any additional technology, it will certainly make more advances in the future. The price of the more advanced engineering will also most likely help to make corresponding advances, nevertheless. The end product, however, is still the same old energy, perhaps produced in a far more efficient manner.

The performance of solar panel generally matters when the region available for installation is bound. If one has enough space to install an appropriate size solar system, then the efficiency aspect becomes somewhat unimportant, because what issues is the output electricity of the system. Therefore, the improvement in efficiency with regard to future panels will not be as an important for whoever has enough space for today's technology. The decision of producing solar electricity with today's technology, as can compare to waiting for more efficient cells in the future, may very well possess a better return about the investment in the along run.

The durability's involving today's panels are wonderful such that most of the producers guarantee their solar panels for 25 years! The amount of hi-tech products do we realize with such a long warrantee period? But sketching a comparison between the energy industry and the hi-tech customer industry with respect to the overall economy of scale may not be a good apple-to-apple comparison. In the energy sector, because of consistently increasing demand as well as the inevitably ever-increasing cost of vitality, the piece/watt ratio can also be bounded to increase or perhaps stay constant for short period of time. At the end of the day, the output of a new solar energy system will stay almost constant for any given installation for years (let's say 30 years), while the lifetime of the majority of hi-tech products is below 4 years.

A better comparability may be with the purchase of an automobile. In recent years a new mid-level automobile may cost about $30-40K. Following 10 years that car may practically cost nothing. On the other hand, a $40K investment in a solar energy system will generate energy and income from day one for twenty five or 30 years.

Will it make financial sense?

To be along with understand able to evaluate the financial practicality of a solar energy expense, we would need to understand the basic variables and their respected ranges and projections. We could begin with the cost of energy in the last Three decades; on the average electric power utility costs have risen at the price of 6.7%, as well as the projection for next 20-30 years of 10% or more will not be too far off.

The second variable is the value per watt associated with renewable in particular solar panel technology. For a typical system, the price for solar panels, inverters, as well as the cost of installation all together, has been pretty consistent at the rate close to $8.50/watt-DC. (Approximately additional $.50 for the value per watt-AC cost)

Another variable would be the electricity company's schedules along with electric rates. Power companies have created complicated price schedules to support their profitability. Since it was mentioned earlier, these rates undoubtedly will continue to increase in long term. However, the real key worth noting is that once you have invested in a pv system, you have basically become an energy provider, and as a result, you could also enjoy the rate increase charged by the utility companies. If they industry to the consumer at a greater rate, you'll also move with that rate and sell your energy at a increased rate back to your utility company, that is certainly.

Taking into consideration these variables, the electric rates along with schedules differ forcommercial and residential, or agricultural sectors. With respect to the rates/schedules there is always a threshold dollar amount that decides whether a pv system make sense or not. If you are paying more than that threshold amount, then it makes perfect sense to purchase solar energy. This tolerance can be determined using the offered financial ROI calculators. (Please see the next web page)

To think about the number of years regarding payoff of such a good investment may not be a fair way of looking at a solar panel technology generating system. It is because if we only contemplate, for example, 6 decades for the payoff regarding say a $30K solar power system, then we ought not ignore the remaining Two decades or so of reliable and continuous cash flow from that investment. That amount certainly adds up to a big chunk of income, with nominal cost of maintenance.

Another point is the understanding factor for adding a solar technique on a property. The particular installed solar method will certainly increase the worth of your property as much as the initial cost of the system, or more. photovoltaic system malaysia


Is it the right time to install solar power system?

Right now could be as good a time every other. That's the easy answer. The evidence with this claim lies in the fact as soon as you have put in and installed a solar system, you are practically an energy supplier. You will produce electrical energy at the rate how the system was designed for, with a conservative expected rate increase associated with 10% or more per year! Etc a system requires very minimal maintenance for the next Twenty five years! ! Doesn't this seem like a better investment when compared with some other investments we realize of these days?

Obviously, depending on your electrical consumption and your utility rate/schedule, you may or may not be a good candidate for any solar system investment. There are some software tools offered that can help analyzing whether one is a good applicant and help one make the sound decision.