As one of the planets only sources of truly renewable energy, solar power has been under scrutiny for decades. It is a principle that turns the UV light from the Sun into usable electricity. Without the Sun to power these photovoltaic devices, our concerns for power would be moot. While those who are Earth-conscious praise the cleanliness of solar arrays versus the emissions produced by coal-based plants and others, there is more to this form of power than many may not realize.
1. Cost Efficiency - One of the biggest downfalls solar power generation has had to face in the past is the cost of implementing such structures. For residential areas, the cost could range between $45,000 to $65,000 before subsidies and/or tax credits. If you finance the project, the monthly payments usually surpass your current electric bill savings and could take you up to 10 years to pay it off. Essentially, you would have to live in your home for more than 10 years before you begin to feel the benefits of the installation.
However, technologies are being developed regularly in order to reduce the cost of these installations. The goal is to drive the cost down so that photovoltaic power can become a reality for everyone and not just the upper-class citizens who can afford the installation. If people could see the immediate benefits of building a solar alternative, they would be more inclined to invest in the project.
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