So how does Photovoltaic Solar work?
Photovoltaic is a technology whereby the conversion of sun light (solar energy or irradiation) into electrical energy takes place. The process involves photons of light knocking electrons into a higher state of energy to create electricity which is known as the photovoltaic effect. In other words sun light is transformed by the photovoltaic effect into electric energy.
This is done in the solar cells. There are numerous solar cells which make up a solar module/panel. These modules produce direct current (DC) which is sent to the inverter. The inverter transforms the direct current in to alternating current (AC). The alternating current leaves the inverter and is sent to the transformer where the current is transformed into a voltage which is compatible with the local energy provider’s infrastructure.
Before feeding in the generated electricity to the electricity grid the Kilowatt hours (kW/h) are counted on a meter. All data is logged and available instantaneously over secure internet servers or by SMS alerts on mobile phones.
Ten good reasons to invest in Solar Projects today
1) Solar energy is clean and free energy
2) The solar energy industry is in its youth and there are excellent opportunities to invest
3) Government Incentives such as Feed in tariffs for up to 20 years
4) Top quality solar panels come with 25 year power warranties
5) The working life span of a solar panel is up to 40 - 50 years
6) Turnkey contracts whereby construction and connection risks are carried by the EPC contractors
7) Performance warranties whereby the contractor guarantees the performance of your investment
8) Operation and maintenance of your investment can be contracted out so you can concentrate on future investments
9) Depleting fossil fuels as well as increasing demand due to world population growth is and will continue to cause upward price pressure for fossil fuels
10) Solar energy projects are tangible, secure, government backed, high yielding, leveraged investment
One of the first PV Solar projects or applications was in the 1960s by NASA to provide electric power aboard spacecraft and up until recently PV Solar was considered an expensive form of renewable energy. Thanks to programs of incentives and subsidies by Governments in to Solar projects worldwide projects we are starting to see the benefits of economies of scale and R&D.
These incentives are for the most part extremely generous and provide an excellent opportunity for long term income investors to take advantage of 20 year Feed-in Tariffs.
Through large scale investment and globalisation of the industry we are quickly moving towards grid parity whereby unsubsidized solar power could cost no more than electricity generated by fossil fuels or by renewable alternatives to solar customers.
