With the growing threat of climate change, many nations have started looking for a clean energy source. Out of all clean energy sources, solar energy has the most potential to meet the current demand. However, due to its expensive tools, businesses have always counted it out of the list.
However, things have changed over the last decade. With the technological evolution, new gadgets and tools have been introduced in the market to reduce the cost of solar energy. Hopefully, the price will keep declining in the new future as well.
Solar energy has its share of good and bad things. The good thing is that it is a sustainable alternative to non-renewable energy resources and has a low impact on the environment. The downside of solar energy is that you can generate solar energy only when the sun is up.
The Future Of Solar Energy Is Bright
Energy-efficient technology continues to grow and develop as the companies adjust to the growing need for cost-effective forms. One such form is solar energy technology.
Solar energy technology has become popular over the last decades. Today, many companies are adopting new solar energy methods to reduce their energy consumption and utility management costs.
Solar energy offers a sustainable way for companies to operate their organizational operations. Renewable energy is becoming more available and affordable for companies to access the benefits solar energy offers.
Solar Energy Trends
The future of solar energy is bright. With the integration of new technological innovation, the solar industry will help propel energy-efficient solutions for many businesses. The solar energy trends are yielding more insight into how the solar energy industry will catalyse the marketer with its energy-efficient solution.
1. Artificial Intelligence
One technological trend that you will find common in most industries is Artificial technology and Machine learning. With the integration of these two new technologies, businesses can now easily adapt to new needs and evolve among them.
2. Energy Blockchain
Blockchain technology is mostly associated with the Cryptocurrency market; the solar energy industry is implementing it in its technology. This allows an efficient means of buying and selling solar energy from each other.
3. Greater Accessibility
Evolving technologies are making it more feasible for developing countries to have a cost-effective energy resource. With the new technology integration in the solar energy industry, the energy supply system has revamped itself.
4. Increased In Popularity
Today more companies are turning towards renewable sources of energy over the traditional gas and oil energy sources. This recent change in companies approach is due to the result of environmentally conscious minds and the recent report released by a worldwide organization stating the important renewable source of energy.
Benefits Of Solar Energy
Solar energy is derived from the radiation of the sun. This radiation can be converted to electricity or heat. Here are a few benefits that you can reap with the adoption of solar energy sources.
1. Reduce Your Energy Bills
Shifting to renewable sources of energy means you will be using less from the utility suppliers. This will instantly help you recur your electricity bills. The perk of this method is that you make additional money by selling off the additional energy you have created.
2. Reduce Impact On The Environment
Solar energy has the latest impact on the environment compared to other traditional forms of energy sources. It doesn’t produce any harmful greenhouse gas and doesn’t pollute water.
It also requires less water to maintain, unlike nuclear power plants that consume 20 times more water compared to solar energy power plants. The best part of solar energy plants is that solar energy does not produce any sound.
3. Energy Production During Peak Hours
As we all know that the energy demands tend to be higher during the afternoon phase, or simply between 11:00 to 16:00. Naturally, this is the time when the price value of electricity peaks.
On the contrary, this is also when solar energy happens to reach its peak intensity and increases its production capacity.
4. Applicable Everywhere
As long as there is sunshine, solar energy can be deployed anywhere. This solar energy feature comes in quite handy when you live in a remote with no other form of energy sources.
Many people are deprived of electricity due to the end of the wired network. This can be used as an opportunity to set up a solar power plant and offer solar-powered energy.
Challenges Of Solar Powered Energy Solutions
Despite solar energy being an efficient alternative to the traditional form of energy sources, it has a few drawbacks that make it a daunting task.
This is where everything turns around. The initial cost of setting up a solar power plant is fairly high. The cost includes solar plants, solar cells, batteries, wiring, and installation.
Yes, solar technology is evolving every day, and we can hope to see a decreased price of the solar power plant. However, one thing stands true that today, installing a solar power plant is still an expensive activity.
2. Weather Dependency
Solar energy production is dependent on the weather. It can produce solar energy only when the sun is up. In addition to this, the solar power plant’s effectiveness decreases if the weather is cloudy or rainy. Hence, a few cloudy or rainy days can leave a noticeable effect on the solar energy system.
3. Uses A Lot Of Space
The more electricity you want, the more space you need. It is as simple as that. Solar PV panels require a lot of space to be installed, and you might find it hard to have enough space to install a solar panel that you would like to have.
The problem with this situation is that your rooftop might not have enough surface area to provide the needed power supply.
The climate emergency is upon us, and we need to act now. If not today, you might find that it is already too late by the time you decided to shift to solar energy sources. Renewable energy sources are considered to be the only clean alternative for traditional energy sources.
The solar energy industry is moving forward, but it is our responsibility that the solar market and regulation maintain the pace and enable the opportunity for a transition to a clean future.