AdviceGuest Post

Andrew Charlton Comments On The Economics Of Solar And Renewable Sources Of Energy

Many people ask whether it makes sense to embrace solar energy in their homes, and what the fuss around solar energy is all about anyway. Failing to realize how important solar energy could be is missing a huge opportunity to make life better. There are many excuses we could give for embracing solar power, but how many people can justify why we need to continue using fossil fuels to power our homes? Well, Andrew Charlton is offering a unique perspective that will give you answers on why some people have decided to pause changing from electricity to renewable sources of energy like wind and solar.

The biggest and most relevant argument presented to support this phenomenon is the fact that most users of electricity and other sources of energy first analyze the sustainability and economic incentive brought by embracing renewable sources, and just from this reasoning they are able to find one or two reasons to shun making a leap into what everyone considers embracing the future. Consider installation costs and the technologies that are required to run a solar power plant, and you will realize that the economics surrounding such projects don’t favor the entrepreneurial nature of majority of those who could be looking for better sources of energy.

And this raises another issue where the point about environmental conservation is overlooked by those thought to have the capability to give direction. Although technological advancement has done a lot to give solutions, solar power generation is yet to reach a point where it can be taken as a viable substitute for electricity, at least when you view this from a sustainability and economics standpoint.

The obstacles are many

If the sun is what will save humans from damaging the environment, then what do you think has kept humans waiting for so long to embrace solar energy completely. This boils down to bottlenecks that surround different projects meant to deliver a solution to the entire world. For example, you might note that solar energy is intermittent, which basically means at different times of the day you will achieve varying power generation. This is even worse during the cold or rainy season, so you have to cope with low supply when you need power most.

Achieving sustainability and reliability will help make solar power the next disruption to build industries. Many of the companies that could be using solar power opt for electricity for this very reason and if you also look at the cost aspect of such projects you are better off using electricity. There is still room for development and hopefully few years from now some of these problems barring industries from fully embracing solar energy will get answers, otherwise we could just continue jeopardizing our very own existence with fossil fuels.

But the future looks bright

Despite all the numerous challenges highlighted above, there is hope for the future. Many governments across the world are making laws that call for the inclusion of solar power in buildings and plants. One of them is France, which signed into law a proposition that instructs all commercial buildings to cover their tops with solar plants or panels. This attempt might seem small but with time its effect will be visible. Additionally, a lot more is going into research to help build sustainable renewable sources of energy.