Solar Power Appliances

Solar Power has been observed as early as the year of 1839 by a French physicist named Alexandre-Edmond Becquerel. He invented the first photovoltaic cell. Since then his studies and works have been perfected on and continue to change the world in which we live for the better. Photovoltaic cells have constantly been evolving ever since. In 1883, Charles Fritts built the first solid state photovoltaic cell using materials such as gold and selenium. With further advances to the system, scientist were able to recreate the cell in a way that could serve as an alternative power source on the satellite named Vanguard that was flown into space in the year of 1958. In the 1970’s there was an oil crisis when Middle Eastern countries proclaimed a trading ban, encouraging oil companies to buy solar firms. Funded research allowed for first, second and third generation cells to be constructed. Currently, the cost of solar energy has exponentially decreased with the falling price of silicon, allowing for many new innovations to take place.

Solar panels don’t burn, instead they harness the suns power which turns it into an electrical current.

Deciding to start a business is brave and adventurous. The first step to success is a brilliant, viable, profitable idea. Whether you have decided to do it on your own because you are tired of working for someone else, or you are laid off after many years in your organization, before you decide to invest your life savings and get buried in debt, consider the big picture, the current economy, your demographic target consumer and do your research. The idea of solar energy is one such brilliant, viable idea. True the demand is present for such energy, but before taking the leap, consider the market saturation, competition, governmental rules and regulations and other determent factor that will influence the success of your

The framework used in this note is organized around the estimates of industry demand, market share, costs, and performance. All data

The greatest energy that can be produced by the sun is electricity. Photovoltaics, or solar cells, capture the sun and convert it into electricity. Solar cells were discovered by the Europeans back in the 1870’s when they used selenium to develop the telegraph. They found that when light hits selenium it would produce and electrical current. Soon enough there were many scientists and engineers working on photovoltaic systems. Silicon and Selenium proved to be the two best elements to conduct electricity when light hits them. Photovoltaic systems (PV cell) work by converting the suns light into electricity. A semi conducting material absorbs the sunlight, that energy knocks electrons loose from their atoms, this allows the electrons to flow through the material to produce electricity. The further development of solar cells can be attributed to the satellite industry. Solar cells were expensive and there was no use for them until satellites came. Because it is impractical to tether satellites it became important to develop solar energy at any cost that would power these satellites. This created a sustainable market for solar power, the first of its kind.

Attention Getter: Let’s look ahead fifty years and see what the world is like. Imagine a world that is in total war with no end in sight. The cause behind this war is simple, oil. Everyone is fighting over those last few reserves of oil. How can this future be prevented? The answer is solar power.

We can notice that GREENoneTEC is facing challenges related to the Asian competition, to the search of new customers and to the lowering of its costs of production. The company needs to confront these challenges to stand out from the other companies on the solar market and to ensure its permanence.

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.

The proposed system is a 20 kW solar array that will cost $82,000 and last an expected 40 years. Jordan Weisman, owner of Sunbridge Solar, stated in an email that the proposed solar array will require 800 to 1000 square feet of land for installation. The solar array will come with a 20 year warranty and require minimal maintenance. Within this report I will show that the benefits of this project will outweigh the cost. My recommendation is based on the conclusion that this project will pay for itself within five years of installation. I will evaluate the net cost of this project based on energy saving, tax credits received, available tax write offs, rebates, and payments on the loan proposed. I will also examine the environmental and public relation benefits of installing solar panels.

Sunpower Corporation is an American solar energy company which manufactures, designs and deliver high efficiency solar solutions for homes, businesses and utilities by being a global solar energy solutions company and technology leader. Sunpower was founded in 1985 by Dr. Richard Swanson, a professor of electrical engineering at Stanford University and its headquarters situated in San Jose, California, and the Company also operates in Africa, Europe, Asia, Australia, South America and North America. The main goal of the company was to commercialize solar concentrator technology. (Sunpower Corporation, 2016; SRI World Group Inc, 2016; Ellen MacArthur Foundation, 2015)

The SunPower Company is an up and coming manufacturer and seller of photovoltaic (PV) panels. As a young company with a strong desire for innovation they operate in an atmosphere where competition is very high and SunPower and the competition continue to fight for market shares. For SunPower management team to promote its growth will need to make sound decisions to ensure it stays competitive with the market. As seen in 2008, with other solar companies already dominating the market, increasing sales was an imperative goal to achieve its main objective to maximize profit.

The second competitor in the industry was Germany. It covered 26.7 % of PV installations and it was the first country to introduce the Renewable Energy Feed-in Tariff into the industry. Moreover, the United States and South Korea, Italy, and Japan were also among the strong competitors. The United States installations were 6 % , South Korea was 5 %,Italy was 4.9 %, and Japan was 4 %.

One of the biggest concern that people have regarding solar energy is that the initial cost for solar panels are expensive, but what they do not know is that the cost for solar panel installation have been dropping down, and it does not look like they will stop dropping down anytime soon. According to Eric Wesoff and Stephen Lacey in their article, “Solar Costs Are Hitting Jaw-Dropping Lows in Every Region of the World”. “GTM Research expects a 27 percent drop in average global project prices by 2022, or about 4.4 percent each year. Those improvements are not limited to the U.S. They are occurring globally, and in some cases resulting in even sharper price declines than those America is experiencing” (Wesoff and Lacey). This shows that many experts in the field of solar power have come up with a conclusion, which is the price of cost to install solar panel system will keep reducing all around the world. According to Sara Matasci in her article, “2017 Average Cost of

Solar energy is a gateway that will ideally lead us far from our petroleum subordinate sources. The significant issue with sun based board innovation is that the efficiencies for sun based power frameworks

The identification of business opportunity requires a thorough detailed market research. The Nigerian energy sector has been closely observed and there is a need to explore the market. The gap between demand and supply is massive and will require a decade of capital investment to closed such gap. The whole gap accrued as a result of neglect, lack of investment and corruption in the Nigeria power sector. Using a secondary research, it was revealed that large population in Nigeria have no connection or partial access to electricity. The opportunity is to introduce a renewable energy i.e. solar pv product to the market, which is affordable, efficient and economical with low carbon