Palo Alto, CA-based Tesla Motor Co. recently announced it will offer $1.6 billion in convertible senior notes to the public in an effort to raise funds for the development and production of its 'Gen III' mass marketable electric vehicle and the development of the Tesla Gigafactory , among other ge…Read More
In an effort to boost the nation's domestic solar manufacturing and ramp up the commercialization of efficient, affordable photovoltaic (PV) and concentrating solar power technologies, the US Department of Energy (DOE) is offering $25 million in grant funding to qualified manufacturers. But you'd …Read More
Solar power for a home used to be an outlandish energy idea that was fraught with more issues in terms of getting it to work than results. However, those were the very early days of the industry. Unfortunately, until people actually see the results and potential benefits of today's solar power options for a home, many still refer back to those images from the 1980s when solar-powered homes were still on the drawing board, so to speak.
Today's solar photovoltaic power systems are light years ahead of those early designs and haphazardous setups. The most modern systems use a method of sun exposure to generate electricity via semiconductors. Simple, direct exposure to the sun and its heat generate electrons that are then captured into the system and translated into electricity. The design can be used for a variety of things as small as powering a mobile phone to as large of a system as that needed to power your home.
Further, the cost of installing a solar photovoltaic system has come way down from previous years. Where a system would have cost in the neighborhood of $12 per watt of energy produced in 1998, it now costs a third of that price in 2013. That makes the system far more available and more affordable for the average homeowner. When tax credits from federal and state incentive programs are added on, the savings grow even bigger.
Solar electricity in 2013 is no longer an imaginary, fringe idea. With photoelectric cells and a solar electric panel system, a household can easily reduce its electricity consumption and realistically reverse its cost by generating more energy than the energy being consumed. As a result, every new homeowner should at least consider the potential of installing solar photovoltaic power in their home.