Alternative Energy: A Smart Investment?

off grid solar

Are you in search of places to invest your money that will profitable for you? A smart investment to think about is alternative sources of energy. By the year 2013, the production of eco-friendly energy is predicted to be in the multi-billion dollar range. Wind energy has become more cost-effective with the advancement in wind-turbine technologies and more widespread in usage too. This has resulted in wind technology being really competitive against more conventional types of energy producing products. Wind technology has become improved that birds are no longer being incidentally killed.

Your investment dollars might be spent in other worse places than in companies that are engaged in wind energy production. Another area to look into investing is photovoltaic cell technology. These solar panels can be found in small lights, calculators, buoys employed by the US Coast Guard and other gizmos. Solar cells are also being used in bigger projects such as commercial buildings and housing developments. As the cost to use these solar batteries continue to fall, the energy efficiency continues to get better. This is calculated by the amount of work necessary for generating energy, compared to the energy produced.

Back in 1982, the silicon cells' conversion efficiency was 4% 4 percent, and with the up-to-date technology, it is above 20%. Photovoltaic cells does not result in any pollution when generating electricity but it is not inexpensive enough to replace standard electricity. These cells, due to space constraints, are unable to produce industrial-production amounts of electricity. There are more available areas where these cells can be installed, and the efficiency is going up while the costs keep going down. As companies and individuals keep on finding ways to generate alternative energy, investment advisors still believe that energy is a smart investment.

New forms of eco-friendly energy are coming up like tidal movements, currents and temperature changes. The concept of hydro-power generation is progressing in France and being extensively researched in Scotland and the United States. Salt water has been a problem in the past with metal deterioration, but that has been made better by employing better materials. Also previously, extremely bad storms and odd marine growth also caused problems in using hydro-power effectively. Since the timing of ocean waves and currents is so reliable, as well as understood, there is a big advantage to ocean-produced energy.

In the last several decades, money invested in hydro-electric technology has gone up. It is really clean power, but hydro-electric power is obviously confined by geography. Bigger, older dams, while already important as energy generators, have had issues with marine life disturbance. In order to protect the marine life, those dams have been improved and the improvements have been pricy. Because of this, low-impact hydro-energy plants that doesn't cause ecological problems, have been given more attention. The bottom line is that investing your dollars in green energy is investing in our future.

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