A Ray Of Hope For Rising Energy Costs?

Answer 1

Almost everything depends on oil in its manufacturing or transport. As a result, when the price of oil rises, so does the cost of those goods. There are plenty of doomsayers claiming the planets oil reserves will be completely depleted by the end of the century. Some even predict it will happen in the next 20 years. Regardless of the actual time-frame, oil is a finite, non-renewable resource. Someday it will be gone. The push for alternative energy sources is the only solution to this dilemma. Solar panels are one of the few alternatives available to almost everybody.

With an average lifespan in of more than 30 years, solar panels really are a good long term solution that will ultimately save money. While the initial cost of installing panels may seem a bit high, the cost can be offset in several ways. Many governments are offering tax incentives to those who install solar panels for their homes. In Australia, for instance, this could be as much as 50% of the cost. Staggering the installation of the entire grid over several years can also help control the cost. Simply add a panel when time and budget permit.

Connecting solar panels to a capacitor is a great decision. The capacitor can store the energy the solar panels produce. Energy costs can be greatly reduced by using the stored energy during peak rate hours. Many are using solar panels to heat water tanks. With a flow control valve it is easy to ensure only the water needed is heated which allows the rest of the solar energy to be stored in the capacitor or put to use in other areas.

As more and more people start taking advantage of solar power, the costs of purchasing and installing them are sure to come down. They will also become more cost effective alternatives for powering cars, street lamps and a myriad of other things society depends on. The shift to alternative energy sources is already underway and solar panels are helping make sure everybody is able take advantage.