Everything is getting expensive due to the scarcity of sources whether it’s food, clothing, fuel and electricity. That’s why alternatives are being created or discovered to help people have a better option or cheaper alternatives in everything. Electricity for instance has been skyrocketing as years pass by because of scarcity of its source. That’s why solar, hydro, wind and other sources of power have been discovered. Now the question is What Is The Cheapest Form Of Electricity?
Is Solar The Cheapest Form Of Energy?
The International Energy Agency has confirmed that solar is indeed the cheapest form of energy and here are the reasons why:
Solar Energy has Renewable Source
Solar energy source comes from the sun, the probability of the source getting scarce is not possible. That’s why there is no chance that solar energy sources will get more expensive . The source is natural and the sun can never disappear.
Solar Energy is Abundant
Although there are areas where the sun is not always out, solar panels can still store energy. Another good thing about solar energy is that the sun is capable of providing 170,000 solar energy terawatts every day which means it can support no matter how many people are using solar panels to collect energy. Solar energy sources can never run out, which means the possibility of its price to increase is lesser.
Solar Energy is Cheaper to Maintain
Solar has been estimated to cost $0.10 per kilowatt hour of photovoltaic (PV). And it is expected to go lower in the next coming years by 15 to 25 %.if you were to ask What Is The Cheapest And Cleanest r Energy Source? Then solar energy will come first on the list followed by wind. The cost of electricity by source can be compared by looking at several factors such as source, capital invested, running cost and others. However, solar energy will still be the cheapest power source compared with other renewable or nonrenewable energy sources.
What Is The Most Efficient Source Of Electricity?
Solar energy is considered the most efficient source of electricity and here are the reasons why:
Solar Energy Can be Stored in Batteries
The good thing about solar energy is that you can save the power that you are not using in your solar batteries. For instance, the solar energy that you consume is always in excess of what you need, then solar energy can be stored in the battery so you can use it when needed. The common setup with solar energy is during day time it collects as much energy from the sun and can be utilized directly during day time, once the sun is not up the energy stored in the battery is the one to be used.
Solar Power Can Serve as Emergency Source of Electricity
Power outages can not be avoided, when this situation happens the alternative that can be used to power up homes is solar energy. Solar energy saved on batteries can be the perfect solution to getting electricity running despite the power outage. That’s why if you are planning to have a solar panel installed with batteries, it can really come in handy.
Unused Desert lands Can be Utilized for Solar Power Plant
Building power plants can be an issue sometimes since they need a huge area where power plants should be built. However, with solar power plants, unused deserts can be utilized and it can also be an ideal area to collect most of the solar energy since the sun radiant is strongest in these areas.
If you are doubting on What Is The Cheapest Form Of Electricity? Contacting Residential solar panel installation services for your home in Shreveport can be the best idea if you want to know more about how solar energy works in this area and if you are planning to have solar panel installation. Solar panel installation may require you to invest a huge amount of money but you can get your return of investment between 5 to 8 years while enjoying the benefits of using solar energy as your source of power. You can save a lot by shifting to solar energy as your source of power and at the same time you won’t worry about increasing your electricity bills whenever you use current.