Link to JK Drilling
Solar power has become increasingly popular in recent years due to its environmental benefits and decreasing costs. Here are ten crucial facts you need to know about solar power systems.
The amount of solar energy that reaches the Earth in one hour is more than the total energy used by the planet in an entire year. According to the U.S. Department of Energy, the Earth's surface receives about 174 petawatts of solar radiation continuously.
Solar power costs have decreased significantly in the past decade, with the price of solar photovoltaic (PV) systems dropping by 89% since 2000 (source: International Renewable Energy Agency, IRENA). This trend is expected to continue as technology improves.
Using solar power can significantly reduce carbon emissions. According to the National Renewable Energy Laboratory (NREL), solar power can offset approximately 1.7 billion metric tons of CO2 annually if widely adopted.
The solar industry has created numerous jobs. The Solar Foundation's National Solar Jobs Census reports that over 250,000 Americans work in solar-related jobs, making it one of the fastest-growing job markets in the U.S.
There are several types of solar technologies, including solar PV systems, solar thermal systems, and concentrating solar power (CSP). According to the U.S. Energy Information Administration (EIA), solar PV accounts for about 93% of all solar capacity in the U.S.
Implementing solar energy systems can lead to energy independence. The U.S. Department of Energy (DOE) estimates that solar installations can provide up to 28% of the U.S. electricity by 2050, reducing reliance on imported fossil fuels.
Net metering policies allow solar power users to sell excess electricity back to the grid. According to the National Conference of State Legislatures (NCSL), over 40 states in the U.S. have net metering policies, benefiting homeowners significantly.
Solar power systems now often include battery storage, allowing users to store excess energy produced during the day for nighttime use. The Energy Storage Association (ESA) reported that installations surged to 2.5 GW of battery storage capacity in 2020.
Once installed, solar power systems have very low maintenance costs. Most solar panels come with warranties of 25 years or more (source: Solar Energy Industries Association, SEIA), making them a long-term investment.
In addition to reducing greenhouse gas emissions, solar energy systems also conserve water. The Union of Concerned Scientists reports that solar energy reduces water consumption by up to 90% compared to fossil fuels, making it a resource-efficient choice.
Solar power systems present an excellent opportunity for individuals and businesses to harness clean, renewable energy. With ongoing technological advancements and declining costs, it’s more accessible than ever. If you're considering a solar power investment, the facts above can help guide your decision-making process.
Contact us to discuss your requirements of Oilfield Air Compressors. Our experienced sales team can help you identify the options that best suit your needs.