Make A Look Up On Facts About Solar Energy To Save Your Money

Facts about solar energy help you to understand how solar energy works and how you can save some dollars without having to run a high energy bill. Solar energy is a renewable resource and of the oldest method of energy consumption that is available at present. One of the important facts about solar energy is that rays of the sun are so powerful that if we are to convert that into energy it would mean that Earth will never run out of energy for at least another 4.5 billion years according to scientists. The sun does not create any other hazardous by products which could harm the natural environment.

During the early 1950s, facts about solar energy gave people a look upon this kind of power as an alternative to man made energy resources. Through much research it was found energy could be obtained at much cheaper source. The demand for solar power has grown substantially within the range of 20-25% over the last twenty years. Solar power is able to support household appliances, lighting and water heaters. As of the moment, solar power is more heavily priced but in the near future with the increase in scientific researches, it will bring down the costs and also increase its efficiency. Solar power is to generate 2.5% of the world's energy consumption by 2025. Energy power is the fastest growing technology.

There are some basic facts about solar energy that one needs to be acquainted to; solar energy is measured in kilowatt hours and 1 kilowatt=100 watts. One kilowatt hour is equal to the amount of electricity which is required to burn 100 watt light bulb for approximately 10 hours. An average American household consumes 866 kilowatt hours per month. The Residential Energy Consumption Survey conducted in 2001 shows that an annual energy bill was around $2000 a month.

A reduction in unit costs has contributed towards an increase in growth rates and thereby making it an important energy resource. Since 2000, one of the important facts about solar energy is that this type of power has been expanding at an incredible rate of 40% per annual. The energy generated from the sun is moving at a progressive rate in the developing countries too as the consumption of fossil fuel has doubled over the years. When compared to solar power which is unlimited, fossil fuel reserves are diminishing. Setting up solar power appliances is relatively easier in the more remote areas in comparison for setting up an expensive power grid structure. A disadvantage of fossil fuels is that the prices have risen together with the price of transporting coal, oil and gas.