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Why Is Solar Energy Worth The Money

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Solar Energy, Worth The Money or Not?
People should consider renewable energy sources for producing power because the earth is in danger of global warming from the use of grid power and fossil fuels. Over time, the climate and weather around the world has been drastically changing. The blame for this is on humans and the greenhouse gases released from burning fossil fuels when generating energy. Renewable energy sources like solar energy, wind energy, and hydropower could help to fix this problem. Solar energy is being considered as an alternative energy source, but probably should not be the exclusive energy source to rely on in the future. With the now obvious problem that our climate is changing, it is becoming more likely that the world …show more content…

Solar PV (photovoltaic) technology is extremely expensive, especially in comparison to other renewable energy sources. For 2016 PV power plants, the EIA estimated that solar PV will cost $210.10 per megawatt-hour, which is twice, and even three times the amount of other energies like coal and natural gas (Nakaya). In addition to these high expenses, solar homeowners face surplus costs, including installation, paperwork with the local authorities, and possible surcharges (Biello). While these expenses are large, they have dropped, “by 80 percent in the past five years” (Crane), and are if not less, then equal to the current cost of grid power (Crane). With prices being reduced and the solar industry rising, job opportunities have been accumulating rapidly. Statistics show that, “between 2010 and 2011, jobs in the solar industry grew 6.8 percent, compared to overall US job growth of only 0.7 percent in that period” (Nakaya). It has been argued that solar energy would not be suitable as the world’s main energy source since the sun is only out periodically (“Darker Side of Solar”). However, others have reasoned that the energy produced would be so abundant, it could be saved and supply during times the sun isn’t physically there, and sent to places where there is less solar access (Nakaya). In order to preserve this energy, batteries would need to be produced and these batteries create a whole new

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Considering the current day scenario of the PV industry in Hawaii, I wouldn’t recommend entering the small residential scale of rooftop installation for some time. Instead investing in large solar farms and sell energy to the major utility companies like HECO which wouldn’t be a major barrier as, if the HECO-NextEra deal doesn’t go through, HECO would have to look for third party solar farms for energy generation. Following the Kauai model, to help firstly, prevent the already draining company profits on net metering incentive and additional infrastructural costs and secondly, fulfil the implementation of the new proposed pricing structure to ensure “safety and fairness” to the non PV consumers paying in an excess of $50 million compared to the PV consumers.[15] Even if the deal of the buyout goes through we would collaborate with NextEra, a Fortune 200 company[16], by acting as an investing partner in the projects as they expand their grid in Hawaii, profiting us, firstly, by investing with a company as big as NextEra we could make a big chunk of profits. Secondly, with the falling prices of PV modules and equipment reducing the payback period to 2-3 years recovering the initial investment won’t be a major hurdle.

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wind energy and solar energy are both renewable types of energy they create no pollution and are fully sustainable as they are both powered by natural sources and if there is no wind one day the solar panels can generate energy and if it 's cloudy another day the windmills can generate energy also the energy created during the summer can be sold to the grid for extra capital that can be used for field trips, renovations, etc. Geothermal heating systems are rated the most efficient and eco-friendly heating systems. The system works using buried coils that contain a liquid, typically a mix of water and antifreeze. The liquid is warmed to the same temperature as the earth and then runs through to the home where a compressor extracts the heat but not only that geothermal heating requires no fossil fuels so it is very eco-friendly LED lighting is an efficient and eco friendly lighting alternative because they waste much less energy in converting to light compare to incandescent lights which waste 90% of the energy to convert to heat not only that LED lights last up to 15-25 times longer that traditional light bulbs this makes LED a much better source of lights than others because it wastes less energy and it is more efficient at doing its job this is so much better for the environment because it uses less energy that other lighting sources

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Global Warming Imagine a world where your house is as deserted just as the town you once lived in, also you have states that are touching water will probably be under water. A world were the air is so hot that it can hurt your throat just breathing. I am a Floridian and love the heat, but I hope that my generation does not have to go through global warming. Global warming is when “The earth’s surface becomes warm and as a result emits long-wave ‘infrared’ radiation”(Maslin

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