Our lives have been forever made easier and more comfortable by the creation of electricity and our need for it grows daily. Many of us could never imagine living a day without ease of access to power. My grandmother called it the greatest invention and development of her lifetime and with it came improvements in everything we do. No one really “invented” electricity because it was always there in lightning but many have contributed to its discovery and development and as our technologies expand and our need for the resource grows it is evident that electricity is something we can not live without. As demand grows and our understanding that the use of fossil fuels like coal and oil are unsustainable and potentially dangerous to life on earth research continues to move towards cleaner and safer energy sources. One area of development is in the utilization of the solar electricity system which can harness the unequalled power of the sun.
A Solar electricity system can use two methods in collecting horsepower from the sun. Indirect and direct processes are both used today and are getting better all the time. Indirect methods employ the concentration of solar radiation to focus the energy boil certain liquids like water to power turbines and eventually produce electricity. Direct methods use photovoltaics or solar cells to convert solar radiation into electricity. By connecting large numbers of these cells into panels, the cost of photovoltaic electricity has been reduced significantly but things are really getting ready to get better based on what is happening around the world and in the United States in the commercial market.
As the costs of solar PV panels go down and the incentives to use them go up it is driving investors to develop the solar electricity system faster than ever before. Developments in the US have led to some commercial building owners to leverage their roofs to become local power generators, reducing their own costs and selling excess power to neighboring businesses. A Toyota factory in California, which recently installed a 2.3 megawatt system has reported a 48 per cent reduction in power costs and as businesses learn how to do this there will be more investment and technological improvement and that will result in lower costs and more effective systems for homeowners.
Moreover, solar PV rates are anticipated to fall for commercial installations over the next five years and the increased volume from manufacturers and technology innovations are driving costs down to a point where generating power from solar panels competes with buying power from the grid. So long as the sun comes up each morning a solar electrical system will keep producing power at the same price, whereas most industry forecasters anticipate that retail electricity prices will rise at double-digit rates. A solar system allows building owners to lock in prices, effectively providing a hedge against rising and variable retail prices. Combine this with the fact that state governments are working on their own renewable energy initiatives and tax incentive options and everyone in the industry expects improved performance at lower costs.
Today we continue to enjoy the benefits of oil and coal but we are also seeing some of the negative effects of these long used sources of fuel. As the demand for power continues to grow it makes intelligent sense to continue to develop more sustainable and cleaner forms of energy. Since the sun is exponentially more powerful than all the nuclear power plants ever created and it is free and abundant, it seems to make both fiscal and environmental sense to continue to develop solar electricity systems. Experimental multi-junction cells are now closing in on 40% efficiency and deployment of solar panels is growing by 40% in Germany, Japan, California and New Jersey. Imagine the positive impact to our eco system and our economy if we could double solar electricity system performance. It is certainly worth our time and energy to research the possibilities.
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