What is Solar Power?
The Sun is a source of energy we use to generate electricity. This is called solar power. Solar technologies convert sunlight into electrical energy through photovoltaic (PV) panels. This energy can be used to generate electricity or be stored in batteries.
The sun is an unbeatable source of renewable energy, solar power has grown to become one of the world’s fastest-growing renewable energy technologies. There’s enough solar energy hitting the Earth every hour to meet all of the world’s power needs for an entire year.
Energy plays a vital role in the growth of any economy. Shortage of energy is faced by most countries and consequently, it is severely affecting their economic growth and social transformation.
Global Energy Crisis
The energy crisis is defined as a price rise of energy resources or a great shortfall in the supply of resources energy. Usually, it refers to the shortage of electricity, oil, natural gas, and other natural resources.
Fossil fuels are a nonrenewable resource and everything that is non-renewable will eventually run out. The largest portion of the globe’s electricity comes from non-renewable resources. The non-renewable resources the world relies on are finite and will run out. The world relies too heavily on these unsustainable resources. The three main fossil fuels the world relies on are oil, coal, and natural gas all of which have ended in the not-too-distant future.
The energy crisis is one of the largest issues facing humanity today. An alternative must be found to satisfy the growing needs, without plundering resources for future generations, polluting the earth, and putting enormous pressure on energy-rich regions of the world.
Although running out of fossil fuels is a great reason to switch to solar, we are not running out today. There are however good reasons to switch to solar today. In recent years solar energy has become much more efficient through technological advancements.
Russia-Ukraine War
Russia is a major player in global energy markets. Russia’s war on Ukraine has boosted the prices of oil and gas. Amid the ongoing Russia-Ukraine war, all nations are facing an energy crisis as the oil and gas supply has been dwindling in the continent due to various factors.
The war has brought higher energy prices, with knock-on effects for the cost of living crisis, further, Crude oil and gas prices have been soaring across the globe in the last year due to rising demand and low production.
The Climate Change
The climate change and recent energy crises, recent advances in technology have led to a rapid expansion of the solar energy market. Solar energy is a clean and renewable energy source that doesn’t emit harmful pollutants that end up in the atmosphere and water supply.
What are the main components of a solar energy system?
1. Photovoltaic (PV) panels
2. Hybrid Solar Inverter
3. Energy Storage Battery
4. Sun
Why Invest in Solar Power?
There are many reasons why homeowners go solar, but the two most common are financial savings and to protect the environment.
1. Solar Power saves you money on energy bills.
2. Government Incentives for Solar Energy
3. Earn back your investment.
4. Potential income from feed-in tariffs
5. Solar Power systems offer lots of options.
6. Solar Power System is easy to install.
7. Solar Energy is Environmentally friendly
8. Solar is a renewable source of energy.
9. Solar energy reduces greenhouse gas emissions.
10. Solar energy systems are low-maintenance.
11. Solar systems can provide energy even when traditional power systems fail.