Econ 545 Project 2 Macroeconomic Analysis Essay

consumers will be willing to invest in solar panel services due to the reality that these days individuals are

In this modern fast paced world that we live in, there are many issues that are looked over, energy is one of these. As a world, we are dependant on dwindling fossil fuel supplies and take for granted electricity, oil, and gas. There are four completely renewable sources of energy around us that should be used and developed, they are: wind, growing plants, flowing water, and the sun. These sources of energy are the ones we should be tapping, because they are reliable and renewable. Harnessing the suns energy is the most certain and ultimate energy source. Looking at a brief history and some facts about solar energy, a glimpse of the future can be seen, a future not dependant on

One of the key attractions to solar energy is how fits in with a growing drift to act more environmentally sensibility. It is achieves by three ways. For one it’s renewable, unlike other popular forms of energy such as fossil fuel, solar energy won’t run out. Second, due to being renewable it’s also maintainable. As other forms of energy stop to exist, they can pose jeopardy for future generations that might depend on those types of power. Finally, solar energy doesn’t generate the problems of pollution that coal and fossil fuel energy do. Savings on monthly energy bills with financing assisting to offset the original cost, the monthly savings from having solar power can actually add up over time. This is gathering made possible because you can ‘sell back’ extra solar energy that decreases your total power bill, in some cases down to $0. Availability many areas around the country are major places for harnessing the sun’s energy. This becomes more deceptive as new technologies advance the productivity of collecting solar power. Maintenance is very simple, because solar panels don’t involve any moving parts; they are moderately maintenance-free. All that’s usually needed is a simple cleaning a few times a year. Cost Perhaps the biggest element that stops people from converting to solar power is the large upfront cost associated with it. While it’s true that installing a solar power system in your home isn’t cheap, Existence solar panel can help comfort the initial cost

Currently solar power is beginning to expand horizontally throughout communities. This growth is creating a demand that is beginning to reduce the expense of purchasing and installing solar panels. The concept is catching on and the technology is improving as the demand increases.

When looking at Renewable Energy, with a closer look at solar energy, there could be an increase in the use of solar due to the recession or a trough in the business cycle. The cost of renewable energy on the decline and the increase in the cost of more common energy production, there will be an increase in demand. In the last few years, when economy was in an expansion period, solar power cost did rise and so did the construction cost that caused projects to be stopped. With the recession, that was worldwide, reduced the overall price for the construction of solar panels and made for a rapid growth of equipment manufacturing in Asia. This added competition to the market and made it more affordable to use solar power in the United States.

I have implemented many energy projects, but solar stand tall according to my own personal assessment. Part of the reason why I say this is because Solar is pretty much everywhere and there is a lot of potential in the industry.

Solar energy has been used for a very long time. The first account of the use of solar energy was from the Greeks. They built their homes in a way that the sun would heat up their houses, even during the cold winters. Ancient Indians also used this method. Let's skip to 1839. In 1839, Edmond Becquerel observed that when certain material was exposed to light, it would create a small amount of electric current. This is the photovoltaic effect(A Brief). This led to John Ericsson developing what he said to be a solar powered steam engine in 1870. Now let’s jump to the late 1950s when a one-watt solar cell costed $300 and a commercial power plant watt cost $0.50 per watt. A scientist was able to demonstrate how a car can

The United States economy plays a major role on many businesses. These businesses are affected through downfalls and up-rises in the economy. The article also goes into details about the

The business cycle is a predictable long-term pattern of alternating periods of economic growth and decline (recession). This periodic up-and-down movement in

The solar industry has been riding a roller coaster over the past decade. Beginning with stratospheric poly-silicon prices and growing demand, the industry first hit a period of robust governmental subsidies, and market and investor hype. Typically, one might have expected an era of growth and stability to follow. Instead, the industry was beset by the financial crisis, the elimination of feed-in tariffs and other subsidies by governments seeking to marshal resources or avoid defaults during the European debt crisis, cheap natural gas, the much-maligned inexpensive Chinese imports of solar panels, a plummeting price of poly-silicon and a steady drumbeat of bankruptcies seeking to re-set long term

The public’s awareness of sustainability promoted the emergency and growth of renewable energy power (e.g. solar PV generated power). Traditionally, SolarWorld US is the dominant player in solar industry in America. However, with the entry of Chinese companies, SolarWorld’s market share has been reduced to a great extent, leading a financial difficulty recently. SolarWorld US needs a strategic change to survive. Based on the SolarWorld USA case study, this report will briefly analyze the solar power industry in three perspectives, namely, industry-based view, resource-based view, and institution-based view to figure out the competitive advantages and disadvantages by comparing to its competitors. Accordingly, strategic actions

Solar energy has many positive aspects of usage. The first positive usage of solar energy is that this type of energy is 100% clean and there’s no pollution involved. It is better than using fossil fuels because

People, Profit, planet are the three focuses of sustainable business. Social sustainability focuses on people and community, Economic sustainability focuses on Profit, and environmental sustainability focus on the Planet. With this in mind we are going to look at a budding industry that is profitable and sustainable. 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.

With benefits comes the drawbacks -the two major disadvantages to using solar power include the price of solar power and finding suitable sunny locations. While the “primary disadvantage of current solar technology is the up-front cost of the equipment. Because of the investment cost, solar power remains the most expensive way to produce electricity.” (Withgott & Brennan, 2011. p. 599) In the United States, it could take as many as 20 before a

Solar power is among the very best environmental choices within the energy sector that is accessible to everyone. This source of energy will be in existence for as long as the earth exists. However, you must determine if it's not fiscally unwise to spend money on this alternative power source resource. These suggestions can help you in your journey to utilizing solar power.