SOLAR ENERGY FUN FACTS THAT MIGHT SURPRISE YOU

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SOLAR ENERGY

If you’re wondering how solar energy has evolved from a subsidized niche product into an inexorable power in our electricity future, here is a detailed overview. After a lot of research & development and political debate about solar energy, the industry is finally set to stand on its own two feet.

Solar energy projects around the globe are pounding fossil fuels without subsidies, and whenever they do, the future looks bright. But there is still much data available that most people do not know about solar energy.

Fun facts about solar energy:

Here I am going to tell you some things that will surprise you, and you will find out some new fun facts about solar energy;

  1. Solar energy is the most plentiful source of energy available on earth:

There is enough solar energy coming to the ground every hour to meet all humanity’s energy requirements for the whole year. There was a time when humans have wasted all the solar energy without any use. We can release every ounce of oil, every cubic foot of natural gas, and every pile of coal on the earth if we could get one hour of solar energy every year.

You know that this is a scale of opportunity in proper means. From a different point of view, if we cover the Mojave Desert with solar arrays. It would produce twice as much electricity as the United States uses annually.

  1. Costs of solar panels decreased 99% since 1977:

At the time of the introduction of solar energy technology, the price was out of reach. For example, in 1977, a simple solar cell cost $ 77 per watt. Because of this, people and companies were not taking much interest in adopting solar energy.

Due to the reduction in prices, its adoption in China and the United States is increasing significantly. The costs of solar panels come down, but the preparation of the whole assembly is also getting cheaper. In China, companies related to solar energy prepare racking systems for a flat roof at a very reasonable price.

  1. Solar power is cheaper than fossil fuels:

According to international research, the price of solar energy is 4.3 cents per kilowatt-hour based on non-subsidized. Which is cheaper than almost every option for the latest fossil fuel energy plants. For example, the most affordable choice for fossil fuels is natural gas, which costs 4.2 and 7.8 cents per kilowatt-hour.

Depending on where you look at solar power production, it is already cheaper than coal, nuclear, diesel, and in most cases, natural gas, especially in Asia. If the pattern of cost reduction is a sign, it will not take long for solar energy to blow up all types of fossil fuels on a cost basis.

  1. Solar energy plants can last for many years:

While manufacturing a solar energy plant, there will be a commitment; it typically has the support of a power purchase agreement with the client (business, utility, or homeowner) that generally lasts for 20 to 25 years. It does not mean that you think these solar power plants will go bad after two decades.

Solar panels will last 40 or 50 years, but the infrastructure around the solar energy plant also has a lot of worth. You can replace the solar panels and new and more efficient modules at a comparatively low cost; this step will improve the performance of the whole setup.

But remember, after the establishment of the site and building of the infrastructure, the life of the solar energy plant has a very long valuable lifespan.

  1. China is known as the leader in the solar energy field:

Producing electricity by solar energy technology is gaining traction in the United States. But they are a smaller fish when we compare them with China. According to the GTM Research estimation, the United States will install 12.4 gigawatts of new solar energy systems. China installed 24.4 gigawatts in the first half of the 2017 year, and its journey has probably just begun, and it has a long way to go.

When it comes to China, there are many reasons behind this development journey. With the help of that, they are completing their targets so fast. China also has the largest supply of solar energy equipment.

  1. New electricity production installations are on solar:

Solar energy technology is not just cost-effective, but it is a significant element of our new energy plant mix. The structure of solar energy technology for power generation is gradually increasing. In 2010, only 4% of the power generation installations involved solar technology.

According to research, the number was gradually increased up to 39% in 2016 and pumping hard with time. The reason for this is that I have already told you in detail that solar energy technology was not cheap in the past years, and its adoption was shallow.

But now, many manufacturing industries are working specifically in the solar energy department and are producing very cheap and quality types of equipment. Therefore, businesses or institutes are adopting solar energy technology in this modern era, but the countries are working on adopting the same.

Final words:

I hope that knowing these facts about solar energy will help to increase your knowledge. Every point regarding solar energy is explained straightforwardly. You now see why the use of solar energy was deficient in the past, and now it is increasing.

Moreover, at the same time, you can see how China is playing a pivotal role in making solar energy equipment cheaper. But still, if you have any questions about solar energy and would like to know more, don’t hesitate to get in touch with me through comments.

 

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