As climate change becomes a greater concern and as the world is urgently looking for an alternate power source, solar energy seems like the answer. This may beg the question, why are there not solar panels lined up on rooftops all over the world? After all, there are some countries that experience strong sunlight for most of the year. Surely, these nations would benefit from using solar energy? While this particular source has many advantages, there are also several issues obstructing its path. These challenges make it difficult use solar energy as an alternative to other resources. Here are some of the problems faced by solar energy:
Global Power Grids
One of the main problems associated with solar energy becoming more prevalent is the existing power grids. Around the world people have relied on pillars and wires to get electricity to households and other areas. This current system is not capable of handling the requirements of solar energy. For instance, the power grid is not capable of storing energy. Unlike other sources, solar energy is not continuous, throughout the day. This is understandable as this energy is derived from the sun and can only be utilized when the sun is up. Unless it is stored, it cannot be used to power homes and businesses during the night. Thus, there needs to be a new type of power grid implemented before solar energy can completely replace fossil fuels.
The sun is an incredibly powerful source that is capable of providing the power needs for the entire world. Unfortunately, solar energy is incapable of utilizing all of that tremendous power. Thus, a great deal of energy is lost due to inefficiency. Most of the solar panels that are marketed around the world are capable of using only a small portion of the power of the sun. For instance, most of the solar panels are capable of converting just 35 percent of the light absorbed into electricity. If solar power is to become the energy source that the planet relies on, it is going to need to be a lot more efficient. Hopefully with research, the newer models that are released will be more proficient at the task.
In order for solar energy to be truly effective on a global scale, it needs to be more affordable and better financed. One of these issues have been tended to. According to studies, it has become a lot cheaper to install solar panels in your home. As newer panels are invented, it is anticipated that this overall cost will decrease even further. The problem that remains in the wake of this more economical option is a decrease in investment.
It has been discovered that less and less individuals and corporations are investing in solar energy. The number has been steadily dropping when it should be elevating instead. In order for solar energy to be truly successful, there is going to need to be a lot more money raised. It has been estimated that investments each year are going to have to increase to $500 billion by 2020 and $1 trillion by 2030. This is the only way to alleviate the destructive climate changes that are occurring.
Thankfully, there are still people willing to fight the good fight and in the most unusual ways, too. There are companies that are endeavouring to make the money with online gambling. These institutions are attempting to direct some of the revenue gained from online gambling towards solar energy research. This will certainly help to make up for the lack of funding. This is especially promising considering that over $21 billion a year is derived from online gambling. So, if you spend a lot of time on Happyluke, you may be inadvertently contributing to the cause!
While there are certainly a few problems to overcome in the following years, solar energy is still a viable source. With a step in the right direction, it can become the energy source that we all rely on.