Solar Research Answers 2

Solar Research Answers 2 - Q: A: What is the main reason...

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Q: What is the main reason for the low usage of solar power? A: The main reason for the low usage of solar power is economic. Widespread generation of electricity will become feasible when economic advantages develop. For solar panels to become the economic choice for the production of electricity, production costs would need to decrease while efficiency of the final product must increase. It is very difficult to find funding for projects that are meant to increase the amount of electricity produced for a certain price, when current technology of the matter is inefficient. Consumer demand is necessary, because enough consumer demand will develop economic and efficient solar power technologies more quickly. Despite the lack of funding from both consumers and the government, the efficiency of solar panels continues to improve. The strong growth in demand for silicon for use in solar production as led to an industry-wide shortage. It is believe that this shortage will be short-time in nature, because significant new production capacity is predicted within the next five years. However, with demand outpacing supply, inventory levels are projected to remain at historical lows until new silicon production capacity is developed. Although competition for secure sources of supply has increased, access to a secure supply of silicon continues to be a crucial factor that limits the growth of the solar power industry. This limited
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This note was uploaded on 04/02/2008 for the course ENGE 1024 taught by Professor Dcohanehi during the Fall '06 term at Virginia Tech.

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Solar Research Answers 2 - Q: A: What is the main reason...

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