Why Use Solar Power?

Helping customers understand the benefits of solar.
Solar Power- Smart Green Solar - Powering Your Home
Benefits Of Solar Power

Solar power, also referred to as solar electricity, harnesses sunlight to generate electricity through photovoltaics (PV) or concentrated solar power systems. PV panels utilize the photovoltaic effect to convert sunlight into electrical current, while concentrated solar power systems use lenses or mirrors to focus sunlight onto a hot spot, typically to power a steam turbine.

Initially used for small applications like calculators and remote homes, solar power has expanded significantly since the 1980s with the development of commercial concentrated solar power plants. As solar panel costs decrease, grid-connected solar power PV systems have experienced exponential growth, contributing to three-quarters of new generation capacity worldwide.

By 2023, solar power accounted for 5% of global electricity generation, a significant increase from 1% in 2015. With its affordability, utility-scale solar installations, alongside onshore wind, offer the lowest levelized cost of electricity in many regions. Rooftop installations comprised nearly half of solar power additions in 2022, highlighting the widespread adoption of solar energy.

To combat climate change effectively, a substantial expansion of low-carbon power sources like solar power is necessary. However, achieving this requires addressing challenges such as grid integration, policy, regulation, and financing, as noted by the International Energy Agency in 2022.

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Photovoltaic Cells

Harnessing solar power is possible through pivotal innovation in renewable energy, the solar cell, also known as a photovoltaic cell. This cell transforms light into electricity through the photovoltaic effect. Originating in the 1880s with Charles Fritts’ groundbreaking work, solar power gained recognition for its potential. Despite early limitations, advancements continued, leading to the creation of the silicon solar cell in 1954.

Over time, solar power technology has evolved, with crystalline silicon dominating more than 90% of the market by 2022. Photovoltaic systems generate direct current (DC) power, which is typically converted to alternating current (AC) for home use through inverters. These systems, often connected to grids, provide a sustainable energy solution.

Additional configurations, such as floating solar farms and solar canopies over parking lots, underscore the versatility of solar power. As the world embraces sustainable practices, solar power continues to revolutionize the energy landscape, offering environmentally friendly solutions for a brighter future.

The Future

Between 2022 and 2027, solar power is projected to dominate the addition of new renewable capacity, outstripping coal to become the primary source of installed power capacity. Projections suggest that utility-scale solar will emerge as the leading electricity source across most regions by 2050.

A 2021 study highlights the vast potential of rooftop solar panels, estimating a global electricity generation potential of 27 PWh annually. This surge in solar power signals a significant shift towards sustainable energy sources, with rooftop solar emerging as a promising avenue for decentralized electricity generation. As the world strives to combat climate change and transition towards renewable energy, solar power stands as a beacon of hope, offering both environmental benefits and economic opportunities.

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HomeOwner

Address


System Information

Est. System Size

6.5kWh

Panels Needed

6 Panels

Annual System Output

8000 kWh/Year

Monthly Cost Savings

Current Avg. Bill Amount

$200

Est. Monthly System Payment

$150

Est. Monthly Utility Savings

$150

Additional Information

Est. System Cost

$25000

*Tax Incentives

$5000

Est. System Cost w/Tax Incentives

$5000

This data is a rough estimate. Please schedule an appointment for a precise quote.

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