Sun is an unlimited source of clean energy. Depleting fossil fuel and natural gas reserves have made us look out for more sustainable and renewable energy resources that can provide us abundant and continuous energy supply. Solar energy is considered as one of the best possible solutions for overcoming energy crisis. Several experiments have been underway for the past few years to gear this nascent technology for replacing fossil fuel energy production.
However less, solar energy production poses some negative problems. Some of them are:
Installation of solar panels is very costly due to which a common man often feels discouraged to adapt this technology. The cost of PV panels is high because highly expensive semiconductor materials are used for production. A couple of years back, the solar panels on an average were priced at $ 3 to $4 USD/watt. Experiments and researches currently been made are expected to reduce this production cost eventually leading to decrease in the installation prices of solar panels. The cost of PV solar cells are calculated depending upon the rebate given by different states for encouraging solar energy adoption, number of panels required, location of integration of panels (roof top or side corners ), component prices and several other factors.
Calculate your solar energy costs by clicking below,
The incentives or rebates offered for installing solar panels differ from state to state and country to country. But most of the governments offer reasonable incentives for solar system installation. Incentives can be in the form of low interest loan, exemption from state tax credits and similar other perks. Lately, green companies and NGOs working in renewable energy sector are coming forward to promote solar energy in the remotest parts of the world. In America, the federal law has a provision of giving 30% tax credit for installing solar water heaters. Moreover, fuel cells are sold at subsidized rate of $2000.
For additional information on Solar Companies, click on the links below: