The Cost-Benefit Analysis of Solar Energy Essay -- alternative energy,

In recent decades, much debate has ensued about the vast amount of immanent resources and ecological services fiat depletes. Moreover, the debate has evaluated how society depletes these inseparable resources at a faster set than the environment can replenish. It also assesses how society can mitigate these environmental issues in order to preserve our natural resources for the prosperity of future generations. Research suggests that the natural resources we currently use, such as coal and petroleum, could be fully depleted within the next 25 and 100 years respectively (Byrd, 2012). Given that society has a tendency to over-consume natural resources, many economists have suggested that the use of alternative energy could placate the effects of overconsumption and the environments ability to replenish. Therefore, this study evaluates the potential of solar energy (SE) on society and the environment by evaluating a cost-benefit analysis between solar energy technology (SET) and c onventional energy resources.Electricity and The Call for solar TechnologyResearch on conventional energy resources has shown that the demand of electrical energy has drastically maturationd in recent decades, and will continue to increase in the future (Zweibel, 2010). Moreover, by evaluating business as usual models, where the one-year growth rate of demand for electricity ranges from 2% and 3.2%, research has suggested that one-year world demand for electricity will soar from around 20 one thousand thousand kWh (kilowatts) in 2010 to 60 trillion kWh in 2050 and 200 trillion kWh by 2100. Additionally, the average growth rate of renewable resources has only change magnitude about 1.6% per annum, in comparison to the 4% annual growth rate of conventional energy resources. (Lloyd & F... .... Solar Photovoltaic Installation in atomic number 20 Understanding the Likelihood of Adoption Given Incentives, Electricity Pricing and Consumer Characteristics. Duke University,USA. Found development CRS, Wiser, R., Barbose, G., & Peterman, C.Sarzynski, A., Larrieu, J., & Shrimali, G. (2012). The impact of state financial incentives on marketdeployment of solar technology. cleverness Policy, 46, 550-557.doihttp//dx.doi.org/10.1016/j.enpol.2012.04.032 ELTsoutsos, T., Frantzeskaki, N., & Gekas, V. (2005). Environmental impacts from the solar energytechnologies. Energy Policy, 33, 289-296.doihttp//dx.doi.org/10.1016/S0301-4215(03)00241-6 ConceptualZweibel, K. (2010). Should solar photovoltaics be deployed sooner because of long operating life at low, foreseeable cost? Energy Policy, 38(11), 7519-7530. doihttp//dx.doi.org/10.1016/j.enpol.2010.07.040