Efficiency of solar Panels; Final Post

Considering the topic of energy I have always been interested in the idea behind solar panels and how efficient they really are. Solar panels are a more up and coming industry, although very ground breaking it seems the majority is not yet sold on them. This may be due to the price or just simply some people see no sense in it. However since it is a growing industry people should begin to look further into it. Solar panels are said to be more of a longer investment than a short-term one. So over a period of a few years people slowly begin to get their money back and then begin saving money on electricity. Throughout the piece I will be focusing solely on how efficient these panels really are. More specifically how much money the average american will save on their electric bill annually.

In the coming years people should facus more of their attention on this industry. Their market is seeming to grow more and more every year, especially considering that the average solar panel saves between 11-15% according to http://pureenergies.com/us/how-solar-works/solar-panel-efficiency/. However this source also mentions there is developments of new panels, which are said to have a 40% efficiency rate. Like mentioned before it seems it would be in the best interest of many people to begin paying attention to this growing field. Anyone from home owners to small business owners can benefit from this market. In thinking through the idea if perhaps a small business owner were to invest in these panels they could potentially save a pleortha of money over time.

When buying solar panels it is not clear cut on which panels to buy there are many things to consider. First off there are three types of solar panels that is monocrystalline, polycrystalline, and lastly thin film panels https://www.angieslist.com/articles/3-types-solar-panels-pros-and-cons.htm . All of which are useful in different scenerios, depending what someones situation is. For example, polycrystalline are a good choice for homeowners. Then there are monocrystalline, which are the way to go if you are looking strictly for efficiency. Lastly are the thin film most ideally used if the space where the panels are getting installed are covered by shade or not much sunlight. So in all these panels range for a majority of different uses for a range of different people. Ultimately giving everyone an opportunity to use solar panels if they desire to.

Over the past two decades energy use through the medium of solar panel use has increased  20% over the last 15 years http://environment.nationalgeographic.com/environment/global-warming/solar-power-profile/. This is very enlightening considering that the market is growing and more people are choosing solar panels. In america the average annual electric bill is about 1,094$ for amedium size household. Over an extended period of time this can add up and be a financial burden to some. Anyway that people can save money can help individuals to be finincially comfortable, which is a goal for many people. If people got the basic monocrystalline solar panels with an efficiency rate of 12% having an electric bill of 1,094$ they can save a substantial amount of money each year.

1,094/ 12%= $131.28

These individuals could save a total of $131.28 per year after investing into the monocrystallinesolar panels. Over time this amount of money will add up quickly and ultimately save the individual a great deal. So in all investing in solar panels is a very good idea and a good finincial decision that will ultimately pay off in the long run.

 

Source 1; http://pureenergies.com/us/how-solar-works/solar-panel-efficiency/, This souce is very informative. It gives a breakdown of how solar panels work. This source also lays out the percentage of efficiancy that the panels can provide. Lastly this source also recalls other factors that come into play when speaking about efficiency.

Source 2; https://www.angieslist.com/articles/3-types-solar-panels-pros-and-cons.htm , This source gives a breakdown of different kinds of solar panels and which ones might work best in a given scenerio. This artilce is important because including myself I only assumed there was one type of solar panel, so I am sure that others have this misconception. The first step to a better understanding is substantial information that may give more insight to a biased opinion, this article aims for just that.

Source 3; http://environment.nationalgeographic.com/environment/global-warming/solar-power-profile/, This link gives a science perspective behind the thinking, as well as an enviromentalist perspective to the individuals who are trying to “go green”. Further into the article it also elaborates on just how efficiant solar panels can be in terms of when the investment pays off. This article gives an idea of how much the decision of using solar panels pollutes the enviroment as well.

 

 

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