Although solar energy isn’t new, it’s still gaining popularity with the masses as more individuals turn to energy-efficient alternatives to help their wallet and the environment. So, what is there to know about solar energy? A lot, actually. In this post, we’ll begin by teaching you some basics such as types of solar energy, how solar panels work, and the current size of the solar energy market.
Types of Solar Energy
There are many different types of solar energy, but the most common type is solar photovoltaic energy (PV). Whenever you see those large solar panels on the roofs of houses and businesses, you’re looking at PV solar energy in action. These devices generate electricity directly from sunlight via an electronic process that occurs naturally in certain types of material, called semiconductors. Electrons in these materials are freed by solar energy and can be induced to travel through an electrical circuit, powering electrical devices or sending electricity to a grid (3). This form of solar energy is used to power a variety of things, from calculators to homes.
There is also concentrating solar power (CSP). You probably aren’t as familiar with this one as it’s not usually seen in residential areas. CSP is commonly used to power large power plants by creating electricity through the use of mirrors reflecting and concentrating sunlight onto receivers that collect solar energy and convert it to heat, which in turn produces electricity (2).
How Solar Panels Work
The primary materials solar panels are made of are silicon, metal, and glass. The most common form of solar energy – photovoltaic – uses solar panels made of all of these materials, with silicon coming in first for importance. Why? Well, silicon is known for its conductive properties, and when used in solar panels they’re able to convert sunlight into electricity. When these silicon cells interact with sunlight, electrons are then set into motion, initiating a flow of electricity (otherwise known as the “photovoltaic effect”). Of course, these silicon cells can’t work on their own, which is why you will see them paired with a metal casing and wiring, all of which work together in creating useful power from the sun’s rays (1).
Solar Energy Market
Fast fact: the amount of sunlight that strikes the earth’s surface in one and a half hours is enough to power the entire world’s energy consumption for one full year (2). With a fact like that, it’s astonishing that more of the world isn’t using solar energy in their everyday lives!
Although with that said, it is still a rapidly growing industry and its value is estimated to reach $223.3 billion by 2026 (4). California, in particular, is leading the way with solar energy, being #1 in the country who uses it, with about 7,688,518 homes powered by solar, and 19.89% of the state’s electricity coming from solar. California is followed by South Carolina, Arizona, Texas, and Florida for the states that use the most solar energy (5). See where your state ranks in solar energy use here.
Hopefully, this introduction to solar energy helped answer some of your questions and maybe even taught a few things! Come back next week when we discuss which solar panels are best for different energy solutions. Browsing the market for solar panels? Contact us today to get a free quote.
References on Solar Energy
Want Email Alerts?
SinglePoint Highlights Progress of Subsidiaries Driving Company’s Mission to Promote Cleaner Sustainable Lifestyle While Minimizing Impact on the Environment
– Company’s dedication to “People, Planet, Profits” in the solar industry and through subsidiaries at the forefront of driving significant growth opportunities – Continued execution on strategy to build the most comprehensive national solar network and platform of renewable energy solutions to meet rapidly growing demand PHOENIX, July 14, 2021 — SinglePoint Inc. (OTC: SING) (“SinglePoint” or the…
SinglePoint Provides Business Update
– Continued execution on strategy to build the most comprehensive national solar network and platform of renewable energy solutions to meet rapidly growing demand– Company bolsters team at Direct Solar of America with recent hiring of industry experts that have years of solar experience to continue transforming the business and position it for long-term leadership…
SinglePoint Provides Shareholder Update on Spin Off of 1606 Corp.
– 1606 drives execution towards listing on Exchange and establishing leadership position in smokable-hemp market– 1606 has potential to access growing smokable-hemp market with expectations to reach over $300 million by 2025 PHOENIX, June 3, 2021 — SinglePoint Inc. (OTC: SING) (“SinglePoint” or the “Company”), a company focused on providing renewable energy solutions and energy-efficient applications to drive better health…