Is Putting Your Money in Alternative Sources Of Energy A Smart Investment?

off grid solar system

Are you in search of places to invest your money that will turn out to be profitable? A wise investment to consider is alternative sources of energy. By the year 2013, green energy production is expected to be in the multi-billion dollar range. Wind energy has become more economical with the advancement in wind-turbine technologies and more widespread in usage as well. The result is wind power products have become competitive with other established types of sources of energy. In fact, the technology is advanced where birds no longer get killed by the propellers.

Your ivnestment money could be spent in many other worse places than in businesses that are into wind energy production. Still another alternative energy resource you could invest in is photovoltaic cell technology. You can find these in private property lights, pocket calculators, buoys employed by the US Coast Guard, and many other places. Photovlotaic cells are being used on an increasing number of roofs of commercial buildings, as well as housing developments and building complexes. With the falling prices, their energy efficiency is always increasing. This efficiency is estmitaged by the amount of energy required to produce versus the amount of energy made.

Back in 1982, the silicon cells' conversion efficiency was four percent, and with the up-to-date technology, it is above twenty percent. The use of solar cells can reduce the amount of pollution being created but it is not affordable enough to be an alternative to conventional electricity. Due to limited space, the cells are not able to produce very large amounts of electricity. Nevertheless, the cost and efficiency will continue to improve as the use of these cells continue to widen. As the research and development of alternative energy continue to grow, advisors who manage investments continue to recommend people to invest in it.

New forms of eco-friendly energy are emerging from tidal movement, currents, and differences in temperature. Using hydro-power is going well in France and being researched in Scotland and the US. Hydro-power has had problems before with salt water causing metal deterioration but the materials used nowadays are more efficient. Marine growth and severe storms have caused problems as well. But leveraging the ocean for energy has an advantage as we know that waves and currents are very predictable and are consistent.

In the last 20 years, investments have increased in hydro-electric technology. It is really clean power, but hydro-electric power is evidently restricted by geography. Older dams have had problems with marine life interrupting power production. There has been great effort to protect the marine life but the cost has been high. Because of this, low-impact hydro-power generators without ecological problems, have been given more attention. The reality of all of this information is that investing in the future of green energy is good advice.

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