Adoption Factors Of Residential Solar Energy - 2937 Words

Adoption Factors of Residential Solar Energy Group 2: John Karlovic Matt Peleti Henish Savaliya Khushinder Randhawa Introduction As world population continues to rise and economic development drives energy consumption upward, the necessity of energy diversification will intensify. Obvious concerns for fossil fuels, such as their inherent finitude and the pollution costs, only further accentuate the need for adoption of non-fossil fuel energy sources. In the renewable energy market solar energy is an increasingly popular option. Over the past 15 years, falling prices and increasing efficiency have resulted in a 20% increase in solar energy production; furthermore, as the Sun provides enough radiant energy to Earth each day to power society for year, the potential for solar development is markedly high but requires substantial development (National Geographic 2014). Solar energy production often takes two general forms: for residential power production, the photo-voltaic cell panel (hereafter PV) is the dominant mode; for commercial production, solar energy is converted to thermal energy and harness ed via turbine. Regardless of implementation, the primary obstacles of solar energy adoption are geographic space and high costs; otherwise, solar energy is a remarkably adaptable technology that can be deployed nearly worldwide despite differences in climate (National Geographic 2014). For the purposes of this research report, the focus will revolve around PVShow MoreRelatedThe Evaluations Of Advantages And Disadvantages Of Solar System953 Words   |  4 Pagesevaluations of advantages and disadvantages of solar system While the majority of the world power supply by fossil fuels, such as oil, coal and natural gas, these traditional energy now are facing a number of challenges including the pollutions, rising prices and the limitation of fuel supplies. As a result of these challenges, the alternative renewable power source has been chosen. The reason why solar power becomes a trendy source is that the solar power not only renewable but also has technologyRead MoreTesla And Solarcity Merger : Integrated Sustainable Energy Essay2143 Words   |  9 Pages Tesla SolarCity Merger Integrated Sustainable Energy James Garcia Eastern Florida State College Abstract This paper explores the merger of Tesla and SolarCity. Tesla is the most successful electric car company and has won multiple awards for its’s product offerings. SolarCity is the largest residential and commercial solar installer in the United States. Tesla is a successful car company but is still plagued with financial concerns due to its upcoming mass market car, the ModelRead MoreA Research Study On Water Heating1374 Words   |  6 PagesWater heating accounts for (20-30%) share out of total residential electricity consumption in urban areas. Economical and financial factors are the most important barriers followed by market availability for penetration of solar water heater [5]. A study has been conducted to find out determining factors behind adoption of various solar energy technologies: solar photovoltaic and solar thermal options, collecting data from 296 respondents from Chennai. It has been found that scarcity for electricityRead MorePerceptions Of Solar Energy6946 Words   |  28 Pagesunderstanding of the overall opinions and perceptions of rural South Carolinians regarding solar energy. Survey respondents were drawn from a database of the twenty rural electric cooperatives that operate throughout the state and in each of the state’s 46 counties. Of specific interest was the preference for solar power installations on the property of the member-consumer versus interest in a community solar program that would be located within the community but not on an individual’s property.Read MoreSolar Panel Of Solar Panels4116 Words   |  17 PagesSolar panel, which full name is called solar panel electricity systems, also known as solar photovoltaics, capture the sun s energy using photovoltaic cells. These cells do not need direct sunlight to work, they can still generate some electricity on a cloudy day. The cells convert the sunlight into electricity, which can be used to run household appliances and lighting (energy saving trus t, 2014). At the beginning of solar panel s carry out, it is not known to many people who are used to the traditionalRead MoreDesigning The World s First Vertically Integrated Clean Energy Company Essay1661 Words   |  7 Pagesworld’s first vertically integrated clean energy company encompassing everything from power generation, to storage and to transportation. As one company, Tesla (storage) and SolarCity (solar) can create fully integrated residential, commercial and grid-scale products that improve the way that energy is generated, stored and consumed. Tesla has offered an all-stock offer of $2.6 billion for SolarCity (Szal, Tesla, SolarCity Hope Merger Will Accelerate Solar Energy, 2016). This would be a steep discountRead MoreThe City Of Lancaster s General Plan1173 Words   |  5 Pagesbetween 1988 and the adoption of the new plan in 1992, the City incorporated an additional 12 square miles, increasing the City’s jurisdiction to 94 square miles. This promp ted another update to the General Plan in 1997. This update occurred when the City was experiencing a period of economic recession. Thus areas that had been designated in the General Plan of 1992 in large areas on the east and west sides of the City as urban residential were changed back into rural residential land use. This changeRead MoreSolar Installation Firms2778 Words   |  11 Pagessustainable. Solar installation is a budding industry that creates jobs, clean power, and profits. To gain a better idea on the health of the solar industry we will be looking at Employment statics and federal subsidies in this paper. We will also take a look at the largest solar installation firm in the US: Solar City. Figure 1: Evolution of global PV cumulative installed capacity 2000-2012 (MW) Current State of Solar PV Industry In U.S.: Currently, the US solar industry isRead MoreHome Energy Conservation3185 Words   |  13 PagesHome Energy Conservation So you think the cost of gas is outrageous? Most Americans do. The controversies in the Middle East and recent environmental disasters have made the cost of many natural resources, like oil, sky rocket. So imagine the amount of oil needed to power your car and compare that to the amount of oil needed to heat your home. Home energy conservation is a way that Americans can counter-act the estimated high costs to heat, cool or light their residence. In the ‘old days’ energyRead MoreSmart Grid Technologies : Introduction1465 Words   |  6 Pagesincrease reliability, but will also reduce energy in the delivery process and reduce greenhouse gas emissions. A smarter electric grid can engage renewable resources at scale, enable the market for electric transportation and usher in a new age of sustainability. An objective of the Smart Grid is to provide technology and systems (integrated into appliances and consumer devices used in everyday activities) that will allow consumers to automatically manage their energy use and costs. Certainly one of the