Alternative Energy: A Wise Investment?off grid solar system
Are you looking for a place to invest your money? Why not take some of your money and invest it in alternative sources of energy? A lot of people anticipate that green energy production will be in the multi-billion dollar range by the year 2013. For instance, wind turbine technology has become more widespread as a result of advancement in technology and decrease in cost. This wind power technology, which is more innovative, have become more competitive, market-wise, with established types of sources of energy. Wind technology has become so advanced that birds are no longer being accidentally killed.
You can invest your money in businesses that do a lot worse than wind energy production. Another area to think about are photovoltaic cell investments, or solar cell technology. You can find these in private property lights, calculators, buoys utilized by the US Coast Guard, and many other places. Photovoltaic cells are also being utilized in larger projects such as commercial buildings and housing developments. With the decreasing prices, their energy efficiency is constantly increasing. This efficiency is calculated by the amount of energy needed to produce versus the amount of energy made.
Back in 1982, the energy conversion efficiency of silicon cells was approximately four percent but these days, it is above twenty percent. Using photovoltaic cells can bring down the amount of pollution being created but it is not affordable enough to be an alternative to regular electricity. These cells, because of space constraints, can't produce industrial-production amounts of electricity. But as areas are converted to install these solar cells, the price and efficiency will continue improving. As companies and individuals keep on finding ways to generate alternative energy, investment advisors still think that energy is a smart investment.
There are new areas for new energy that are appearing like utilizing currents, tidal movements and temperature. Utilizing hydro-power is advancing well in France and being researched in Scotland and the US. Salt water has been a problem before with metal deterioration, but that has been made better by making use of better materials. Marine growth and severe storms have led to problems too. As the timing of ocean waves and currents can be relied on, as well as understood, there is a great advantage to ocean-produced energy.
In the last several decades, money invested in hydro-electric technology has increased. It is very clean power, but hydro-electric power is obviously restricted by geography. Big, older dams, although already important as energy generators, have had problems with marine life disturbance. In order to protect the marine life, those dams have been improved and the improvements have been pricy. As a consequence, there have been efforts to find ecologically sound, low-impact means to create hydro-power. The bottom line is that putting your money in eco-friendly sources of energy means investing in our future.