AtulHost
  • Business
    • Career and Education
    • Finance and Investments
    • Marketing Strategies
  • Productivity
  • Technology
    • Consumer Electronics
    • Solar Energy
  • Tutorials

Is solar energy economically viable?

By AtulHost in Solar Energy ⋅ September 26th, 2020
Facebook Tweet LinkedIn

Solar energy isn’t only economically viable, it’s the most dominating form of energy used on the earth!

Many experts even predicted that by the year 2050, solar energy will be the world’s largest source of energy. It is 2020 now, today it’s inexpensive to buy solar panels and doesn’t require any special knowledge to install it.

Now what makes it economically viable is the location and scale of installation.

Solar Energy

If you want to install it on an industry or a commercial building, then it is viable to install, since the commercial tariffs are pretty high. If you want to install it on a residence, then the payback period may be more, but viable all the way.

The on-grid (solar set up without any battery) is less expensive and much viable but only available in cities and select locations.

While off-grid (solar set up along with a battery backup) is more costly and the payback period is more for such systems.

The best thing is all the kind of set up will pay you back but takes a similar time. On average any kind of set up will pay you back completely in less than 5 years.

Compare the economical viability of solar energy with any other solutions like hydro, nuclear, thermal, and wind. It is always viable to have solar energy.

Because in solar energy we do not have to store so much water in dams or burn dangerous elements in energy stations while harmful elements used in PV cells like lead, cadmium, and other toxic chemicals can be recycled or injected back on the earth if an organization made to recycle it.

Content is tagged with PV, solar battery, solar energy, solar panels, solar power.
Facebook Tweet LinkedIn

You’ll also like:

  • Monocrystalline vs Polycrystalline Solar Panels
  • Know about the various types of solar battery in the market
  • Why are solar panels so expensive?
  • Single 200 AH vs. Double 100 AH battery!
  • Luminous Solar NXG 1400 Inverter UPS Review
  • Factors that affect solar panel’s efficiency
  • How many solar panels are required to run 1 HP motor?
  • How many solar panels does it take to charge a 150 AH battery?
  • How to choose the right solar wire size?
  • How to run a computer on solar power?

Published by AtulHost

Atul is a creative blogger who loves to do experiments with the latest business initiatives and tech trends like automation, artificial intelligence, cloud and edge computing, data science, hardware as well as networking, and the internet of things.

Comments and feedback

  1. Rijhu Sinha says:
    September 25th, 2020 at 12:50 PM

    Hello Atul sir,

    Thank you for sharing such an awesome and informative piece of information. The insights are very informative.

    Vey well said and explained, “Solar energy isn’t only economically viable, it’s the most dominating form of energy used on the earth and yes I too believe and agree the location and scale of installation is what makes the solar energy economically viable.” A must read post. Thanks and do keep sharing more similar and informative posts.

    Thanks & regards,
    -Rijhu.

    Reply

Make a comment Cancel reply

Required fields are asterisked and your email address will not be shared.

Subscribe

Recent Posts

  • Transitioning your startup out of the beginning stages
  • HR trends for 2021
  • How to pick the right financing company for your customers
  • How to reduce initial server response time?
  • What every ecommerce business needs to know when it comes to product images
  • What is shared hosting?
Taking care of communication within your small business
Best laptop brands
Cool business ideas

We serve cookies on this site to offer the excellent user service.

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions
  • Write for Us
This website and its content are copyrighted © 2014-2021 by atulhost.com and individual contributors.