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The Economics Of Solar Power In The United States

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In the present, the economics of solar power is showing the dynamic behavior and it is growing with the passage of time that is decreasing the cost in many sectors. In this era, the industrialists are more interested to produce the electricity from the roofs by planting the solar panels as it is the cheapest and inexpensive way to cover the utility requirements in the industries as well as homes. By taking the advantage of the merits of the solar power the energy providers can earn high revenue on the investment that they made in the solar energy plants.
The increasing utilization of the solar power in the present happening in the different parts of the United States of America and it is estimated that in the within five to seven years such …show more content…

The solar roof initiative is the proof that the government is seriously taking steps to make the solar power a source of the energy for the future of the country. The project is costing million dollars and is the indication of the commitment of the government to shift to a renewable source of energy.
There are various changes that are made in the United States by implementation of the solar energy plants as the variety of products such as solar energy systems, solar hot water as well as solar space heating equipments all are in demand in the U.S now. The solar power is becoming the reason of decreasing cost of the wide spread technologies and government is trying its best to provide these products to the people. Due to the changing trends the solar energy industry is having the higher growth potential. (PA Solar, …show more content…

According to the survey almost more than 1.5 billion people are not having access to the electricity whereas approximately 1 billion people are facing the inconsistency of electricity in their homes. The populous countries such as China and India are the countries in the world that are suffering with the unavailability of the electricity and the Solar energy is proving the helping hand to these countries as it is the cheapest way to produce electricity and this way there can be very high growth potential that can also assist the developing countries. (Anderson,

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My power provider, Florida Power & Light’s ten-year plan is as follows. FPL plans to add 2,086 MW of solar capacity by 2023, reduce coal-fired power generation of 636 MW by 2019, modernize old fossil-fuel units with extra efficiency by 2020, and pursue new nuclear generating facilities by 2021

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A solar panel can be used for many things, but the biggest thing is used for capturing the sun's energy in order to make it useful provide energy to the house, buildings even be sold back to the city or town you live in etc.. It works by collecting the sunlight throughout the day, then converts into energy that's usable, then the electricity travels to the net meter then the energy is used for anything. When having the solar panel on a roof you can use it for personal use or even sell it back to the electrical company and they’ll pay you. There are about 73,000 terawatts of energy shining down that's 10,000 times then what we use on daily bases. Perks of having solar panels it's a tax 30% tax write off, doesn’t need any fuel combustion, Securing your energy and not depending on National

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Just like the college district of Los Angeles they are going to save up all that money by changing to a solar program Santa Ana College can also save up that money by going green. Another example of a school that has solar panels in their campus is Georgia High School in Dublin Georgia. Georgia High School installed about five thousand solar panels around the school campus the official in say that this will help reduce the utility cost to about 40 percent. Many schools are seeing that having solar panels reduce the cost of electrical bill which helps hem save money to improve their campus. Dublin City Schools’ superintendent Chuck Ledbetter said, “The ability to not only reduce operating costs with solar power but also essentially stabilize our energy costs for the next 25 years is a huge benefit to our school system” (qtd. in Solar Panels for Georgia H.S.).

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You may think that solar energy isn’t enough but we can use it with other clean energy. It is a wise choice to use solar energy because solar energy is renewable and abundant, it is environmentally friendly, and it is also available around the world. Solar is the most abundant energy resource on Earth. In Taiwan, a three-story building with solar panels can produce three to four families’ electricity.

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