Alternative Energy: A Smart Investment?off grid solar system
Are you interested in means to turn your extra money into profit? Have you thought about taking some of your money and invest it in alternative sources of energy? By the year 2013, the production of green energy is anticipated to be in the multi-billion dollar range. Wind energy has become extremely affordable due to better technology and increasing widespread use. This wind energy technology, which is more innovative, have become more competitive, market-wise, with conventional types of energy sources. As a matter of fact, the technology is advanced where birds no longer being killed by the propellers.
Your ivnestment money may be spent in other worse places than in businesses that are into wind energy production. Another area to think about investing is solar cell technology. You can find these in private property lights, hand calculators, buoys used by the US Coast Guard, and a lot of other places. Photovoltaic cells are also being utilized in bigger projects like commercial buildings and housing developments. Along with the decreasing prices, their energy efficiency is always increasing. This efficiency is estmitaged by the amount of energy required to produce versus the amount of energy created.
Back in 1982, the conversion efficiency of silicon cells was about four percent but these days, it is over twenty percent. Utilizing photovoltaic cells can reduce the amount of pollution being created but it is not affordable enough to be an alternative to traditional electricity. Since large amounts of photovoltaic cells are required to make large amounts of electricity, they are not ready for producing electricity on a large scale. There are more available areas where these cells can be put, and the efficiency is increasing while the costs keep going down. As companies and individuals keep on finding ways to generate alternative energy, investment advisors still think that energy is a good investment.
New kinds of clean energy are emerging from tidal movement, currents, and differences in temperature. Hydro power generation is advancing with the French, and being studied by scientists in Scotland and America. There has been an issue with saltwater causing metal to deteriorate but the materials employed today are making hydro-power possible. Also in the past, extremely violent storms and unusual marine growth also caused problems in using hydro-power effectively. But leveraging the ocean for energy has an advantage since we know that waves and currents are very predictable and are consistent.
Investments in hydro-electric technology have increased a great deal over the past several decades. It is extremely clean power, but hydro-electric power is evidently confined by geography. Older dams have had problems with marine life disrupting energy production. A lot has been done to protect the marine life close to the dams but the costs have been very high. As a result of this, low-impact hydro-energy plants that doesn't cause ecological problems, have been given more attention. The bottom line is that investing your dollars in green sources of energy is investing in our future.