The global economy is expanding, as is the energy demand. In this scenario, we have to be very careful and economical in using limited energy resources. However, even if we made intense efforts to use the available natural resources efficiently, we would not be able to meet our energy needs for long. We must have alternatives. With the right support, renewable energy technologies can go a long way in meeting much of this growing energy demand.
Renewable energy in India is still in its infancy, however. Little has yet been accomplished. New policies are expected to be formulated by the government and relevant authorities to encourage solar and wind energy companies to set up factories.
Exploring untapped renewables in India will help us in two ways: first, it will reduce our dependence on conservative resources, such as coal and natural gas; Second, the transition to an energy-intensive renewable energy economy would bring us environmental benefits, such as reduced air pollution and reduced carbon footprint.
Those planning to invest in renewables for home or commercial use usually find solar power to be the ideal choice because the installation process is easy. It is cost-effective, and continued savings will be evident as long as the sun continues to provide the necessary energy. When choosing solar power, there are two options, one for hot water using thermal collectors and a slightly more complex system for generating electricity.
A standard solution, solar panels can provide continued savings in electricity costs. Despite a popular myth, the lack of sunlight climate does not make the use of solar inappropriate when investing in renewable energy. Natural daylight is more than enough to solar power panels. As the use of solar panels is clean, there is no environmental impact or carbon footprint to consider.
The electricity produced can be used immediately at home or sold to your electricity supplier via the national grid, taking advantage of the charging tariff scheme. The main benefit of solar panels in a home environment is the resulting savings on household renewable energy fund.
While a small installation is unlikely to meet all of your needs, with a little planning and perhaps a little investment in renewable energy sources other than solar and possibly wind or geothermal energy, it will be possible to survive power outages and other inconveniences minimal impact. Solar panels are always functional, require minimal maintenance, and generally last for several years without problems. Since technology is continually improving, you will only have to change your panels if you need more power, and newer solar panels are more efficient. Currently, solar panels convert solar energy with an efficiency of 20% – you lose the rest in the heat generated. Future designs may improve this rating.