Pros And Cons Of Solar Energy | Investopedia [PDF]

May 30, 2015 - The advantage of solar energy is that it is a sustainable alternative to fossil fuels. While fossil fuels

2 downloads 22 Views 1MB Size

Recommend Stories


Pros And Cons
Ask yourself: How shall I live, knowing I will die? Next

Dolutegravir: Pros and Cons
Nothing in nature is unbeautiful. Alfred, Lord Tennyson

Overview, pros and cons
The beauty of a living thing is not the atoms that go into it, but the way those atoms are put together.

Pros Cons
Silence is the language of God, all else is poor translation. Rumi

USTA pros and cons
So many books, so little time. Frank Zappa

Pros and cons of cash
If you feel beautiful, then you are. Even if you don't, you still are. Terri Guillemets

Virtual Staging Pros & Cons
Don't fear change. The surprise is the only way to new discoveries. Be playful! Gordana Biernat

Genetic Engineering Pros and Cons
Pretending to not be afraid is as good as actually not being afraid. David Letterman

Gorilla Tourism – Pros and Cons
Almost everything will work again if you unplug it for a few minutes, including you. Anne Lamott

Pros & Cons of Calorie Counting
I cannot do all the good that the world needs, but the world needs all the good that I can do. Jana

Idea Transcript


Pros And Cons Of Solar Energy By Matthew Johnston

SHARE





With the growing threat of climate change due to the excessive release of carbon emissions, many nations are looking to clean energy alternatives to replace traditional fossil fuels. Of all the clean energy alternatives, solar has arguably been the most expensive. However, after considering the pros and cons along with the 80% drop in solar panel prices over the last five years, the future of solar energy is looking rather bright.

The Pros Sustainable The advantage of solar energy is that it is a sustainable alternative to fossil fuels. While fossil fuels have an expiration date that may be fast approaching, the sun is likely to be around for at least a few billion years. Additionally, 73,000 terawatts of solar energy shine down on the Earth’s surface every day, which is 10,000 times the daily global energy use. That’s an enormous supply just waiting for the technology that can harness it. Low Environmental Impact Solar energy has a substantially reduced impact on the environment compared to fossil fuels. Its greenhouse gas emissions are inconsequential as the technology does not require any fuel combustion. Also, although concentrating solar thermal plants (CSP) are comparatively inefficient in their water usage depending on the type of technology being used, the right technology significantly increases efficiency while photovoltaic (PV) solar cells do not require any water when generating electricity.

HOT DEFINITIONS Ethereum Bitcoin Hedge Fund

The one environmental downside to solar technology is that it contains many of the same hazardous materials as electronics. As solar becomes a more popular energy, the problem of disposing the hazardous waste becomes an additional challenge. However, assuming the challenge of proper disposal is met, the reduced greenhouse gas emissions that solar energy offers makes it an attractive alternative to fossil fuels.

Preferred Stock Amortization Retained Earnings

Energy Independence Since the sun shines across the globe, it makes every country a potential energy producer, thus allowing for greater energy independence and security. Solar energy doesn’t only promise to bring security and independence at the national level; solar panels can be installed on individual homes, providing power that does not depend on being connected to a larger electrical grid.

The Cons Intermittency

One of the biggest problems that solar energy technology poses is that energy is only generated while the sun is shining. That means nighttime and overcast days can interrupt the supply. The shortage created by this interruption would not be a problem if there were low-cost ways of storing energy as extremely sunny periods can actually generate excess capacity. In fact, Germany – a leader in solar energy technology – is now focusing on developing adequate energy storage to deal with this issue.

Trading Center

Land Use Another concern is that solar energy may take up a significant amount of land and cause land degradation or habitat loss for wildlife. While solar PV systems can be fixed to already existing structures, larger utility-scale PV systems may require up to 3.5 to 10 acres per megawatt and CSP facilities require anywhere from 4 to 16.5 acres per megawatt. However, the impact can be reduced by placing facilities in low-quality areas or along existing transportation and transmission corridors.

Partner Links

Scarcity of Materials Certain solar technologies require rare materials in their production. This, however, is primarily a problem for PV technology rather than CSP technology. Also, it is not so much a lack of known reserves as much as it is the inability of current production to meet future demand: many of the rare materials are byproducts of other processes rather than the focus of targeted mining efforts. Recycling PV material and advances in nanotechnology that increase solar cell efficiency could both help boost supply, but perhaps finding material substitutes that exist in greater abundance could play a role.

The Bottom Line While solar energy technology has some disadvantages that make it somewhat expensive in certain markets, it is becoming an increasingly cost-competitive alternative to fossil fuels. The cons that add to the cost of solar energy could be rendered negligible by further technological advances that increase efficiency and storage capacity. Considering the enormous potential gains of harnessing the sun’s light and heat, it may be worth increasing the incentives for furthering the development of solar energy.

RELATED ARTICLES SMALL BUSINESS

How To Profit From Solar Energy Once regarded as too expensive and inefficient, solar energy is now becoming a more viable option for consumers and businesses alike.

INSIGHTS

The Economics Of Solar Power Even with the massive strides made in technological innovation, sustainable energy has failed to usurp traditional fossil fuels.

INVESTING

Cheaper Solar Power Gets Some Major Backers While solar hasn’t lived up its potential, the times are changing. New investment has surged. For investors, this could be the time to buy solar stocks. INVESTING

3 Solar Stocks to Add to Your Portfolio (SCTY, SPWR) Understand the growth and challenges of the renewable energy market and its success in 2015. Learn about the top three energy stocks to add to a portfolio.

INVESTING

Top 3 Solar Stocks as of March 2018 Although the sector soared in 2017, solar is still an attractive option for many long-term investors. Here are some stocks to consider.

INVESTING

What to Expect: First Solar’s Q4 Report Investors await Q4 results after selling off the stock last quarter due to lowered FY16 guidance.

TRADING

Chart Patterns Suggest Solar Stocks Are About to Shine Bullish chart patterns suggest that the final months of 2017 could be the ideal time to buy into solar.

INVESTING

First Solar Stock Gains Over 7% on Monday (FSLR) Solar leader sees a slight stock recovery from disappointment after its restructuring announcement, indicating possible investor confidence in longterm. INVESTING

Behind First Solar’s More Than 50% Decline in 2016 Amid challenges, the solar leader initiated a costly restructuring that it sees paying off by 2019.

INVESTING

Top 5 Solar Power Stocks of 2016 (SPWR, FSLR) Examine five solar power stocks with companies in the solar industry with attractive characteristics or potential. Assess strengths and weaknesses of each.

RELATED FAQS Q: Is the high cost of installing solar panels justified by the money saved by going ... Find out whether solar panels pay off in the long run and about how long homeowners who purchase them have to wait to break ... Read Answer >>

Q: What are the main substitutes for oil and gas energy? Read about some of the major substitute sources of energy that compete with fossil fuels -- oil, natural gas and coal -- ... Read Answer >>

Q: What industries are typically considered infant industries? Learn about infant industries and some of the challenges they face. Find out how the federal government tries to help some ... Read Answer >>

Q: What businesses would benefit from more people going off the energy grid? Go off the grid and keep the lights on with alternative energy products that allow homeowners to create a selfsufficient ... Read Answer >>

Q: What are cleantech stocks? Clean technology, commonly referred to as cleantech, is a term used to describe environmentally-friendly technologies that ... Read Answer >>

Search Investopedia

DICTIONARY: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

CONTENT LIBRARY Articles

Terms

Stock Analysis

Videos

CONNECT WITH INVESTOPEDIA Guides

Stock Simulator

Slideshows

FAQs

Exam Prep Quizzer

Calculators

Net Worth Calculator

Chart Advisor Mortgage Calculator

WORK WITH INVESTOPEDIA About Us

Advertise With Us

Contact Us









GET FREE NEWSLETTERS Careers

© 2018, Investopedia, LLC. All Rights Reserved Terms Of Use Privacy Policy

Newsletters

Smile Life

When life gives you a hundred reasons to cry, show life that you have a thousand reasons to smile

Get in touch

© Copyright 2015 - 2024 PDFFOX.COM - All rights reserved.