Advantages 

 

Photovoltaics have a number of general advantages:

- Proven commercial technology
- High reliability
- Low operating costs
- Minimal servicing
- Best urban renewable energy source
- No moving parts in operation
- Modular design and mobility
- Building integrated PV modules can be less expensive than architectural grade glass
- Global applicability and multiple end uses
- Easily mass produced and installed
- Most effective power source for 2 billion people who do not yet have electricity

In 1995, the annual world-wide photovoltaics market was worth around $1.2 billion. The industry has grown 300 percent since 1995. The scale of future progress of solar photovoltaics will be driven by:

- Parental corporate investment in photovoltaic subsidiaries
- Government support and market delivery programs
- Electricity utility schemes for deployment
- Financial mechanisms for developing country programs
- Environmental imperatives of climate change


The Benefits of Solar Electricity in Commercial Applications:

 

Protecting The Environment- Solar electric generators convert sunlight directly into electricity. They are completely silent, require very little maintenance and are nonpolluting, producing zero emissions. They are made from silicon, one of the most abundant elements on Earth.

 

Improves Your Bottom Line- You can reduce or, in some cases, eliminate monthly bills for electricity. With solar power, inevitable rate hikes have less of an effect on your business. This gives your business a competitive edge. Electricity can become a relatively fixed cost rather than a constantly fluctuating one. In some cases, you will be making a substantial investment in your property, one that will ultimately add to your bottom line.
 
Corporate Responsibility- Actions speak louder than words. Installing a utility connected PV power system for your business is a clear statement reflecting your commitment to clean renewable energy. To take action and demonstrate the use of clean decentralized solar electric power is not only cost-effective, it is a great source of pride for your establishment and your employees.

 

Reliability- Solar Electric panels have no moving parts to wear out, and they come with an extraordinary 20-25 year warranty, and have a 40 year design life.

 

Security & Independence- When combined with a battery bank, PV power systems cause power outages or brownouts to have a significantly less affect on your business. As a power generator rather than a consumer, you are less vulnerable to rate fluctuations.

 

Solar Sense

 

Reasons why solar is feasible today and beyond

- Solar is now comparable over the long term than buying from utility.
- Global energy prices on the rise
- Brown outs and blacks outs
- Decreased costs in raw material & production techniques during the past 20 years, etc
- Fast financial paybacks-. NPV/ROI analysis
- Environmental benefits
- Reduce your electric bill
- Eliminate rate hikes and price shocks
- Feed in/subsidies via net metering have increased the demand for solar products in
  USA,Western Europe and Japan thus bringing cost of production down 

The Cost Benefits of Solar Electricity for All Applications

 

Costs of PV systems have come down 25 fold over the last 20 years and are now often the most cost effective in remote energy applications such as cabins and resorts.

 

In remote locations, connecting to the grid is prohibitively expensive, making an alternative power system a necessity. A renewable energy system requiring an inverter application is economically viable in most situations, as the cost of extending grid wiring to a remote location can cost anywhere from US$20,000 to US$80,000 per mile.

A full-scale renewable energy system with an inverter to supply AC power to the house is a cost-effective solution to this problem.

 

Utilities, too, are looking at the cost benefits of solar power

 

The trouble with these times is that the future isn't what it used to be. With electrical restructuring occurring in the US, and most likely evolving in Canada in the next five years, the electrical utilities are looking for new revenue streams, a better, nature-friendly image with consumers, and a more stable cost structure. Renewable energy provides all three.

 

People are willing to pay a premium for renewable energy. Several market research studies have confirmed this, and early market experience has confirmed this. The Sacramento Municipal Utility District (SMUD), which has more PV's installed than any other utility, charges customers US$4.00 more per month for their electricity if the customer allows SMUD to install PVs on their roofs

 

Cost effective, even in more northern locations

 

A typical active solar thermal system will have about 35% efficiency, and solar photovoltaic is about 12% efficiency. Solar photovoltaic energy generation (PV) has a very bright future. Photovoltaics are economical today, especially if you take into consideration the cost of fossil fuel pollution and global warming.

 

Using an analysis that takes into account the solar energy available with utility seasonal demand patterns, effective load caring capacity and costs show that solar can be cost effective even in northern areas.

 

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