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Advent of an Energy Revolution

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The Five Most Common Mistakes When Buying Solar

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As electricity prices rise, installing solar on your house or company is a fantastic way to save money in the long run. Most people who go solar enjoy the benefits, but find the installation procedure difficult. Solar panel installation on your rooftop is a significant financial investment, and you should demand the top quality work for your property. There are a few mistakes to avoid in your search for a better solar match. Many individuals are deceived by misleading claims, organisations that cut corners or vanish as quickly as they exist, and ‘inexpensive’ offers that turn out to be too good to be true. Fortunately, these mistakes are easy to prevent.

 

Here are the top Five blunders individuals make while looking for a solar power solution, as well as how to overcome them.

 

1. Assuming that a low-cost system will function just as well as a high-end systems –

With the development of solar panels around Australia, it’s common to assume that all solar firms are the same and that it’s best to go along with the lowest service available. Accepting the lowest estimate you can find could result in major difficulties down the road, and those same systems typically come with little to no after-sales service. When it comes to cheaper solar panels, you often get what you paid for: low-quality or improperly fitted panels, defective inverter, a system that fails to meet its claims, and bad or non-existent after-sales customer service or support. While a premium solution may be more expensive but it will pay off in the long run with significant energy savings, long-term functionality, and continued after-sales support.

 

2. Thinking in terms of a “one-size-fits-all” approach –

A solar panel should be customized according to your energy requirements. Your solar power system should be carefully sized based on your current power consumption, the days and times when you use the most power, your expectations and goals for lowering your energy costs or decreasing your dependence on the power system, and your plans for the future. The expert you’re conversing with be able to listen to your responses to these questions. They should also be able to immediately and clearly describe how their proposal takes your future ambitions into account. If a salesman promises a “one size fits all” strategy, is unable to describe how their solution is customized to your requirements, or, worse yet, does not ask for this detail at all, ring up by calling other firm.

 

3. Not doing your analysis on the brand(s) the merchant is selling –

Solar power is a long-term asset in your house, so you should learn everything you can about the items and companies offered by your selected supplier. Go through discussions and opinions to see whether other consumers have had a positive experience with these items. Contact each organization and question about the solar panels and inverters they use in their services, particularly the type and designer, as well as why they picked those companies. If the firm is unable to respond to your queries or just fails to provide this details, hang up and cross them off your list.

 

4. Not to read and understand the warranty terms –

“Not taking a warranty of Yearly Generation per KWp placed by the Solar Panel” is the most typical blunder. In Central India, lower-priced panels produce between 1200 and 1400 KWH per KWp per year, whereas higher-quality panels produce more than 1550 KWH per KWp, although at a greater initial cost.

When you’re ready to sign up for your fresh solar energy system, check the guarantee terms thoroughly to ensure you understand your rights.
A solar panel efficiency guarantee protects the panel’s functionality for a period of time, usually 25 years. The solar panel supplier offers this type of guarantee, which is pretty common in the business.

The solar panel elements and construction guarantee covers any defective components or quality in the panel’s construction, and it’s usually transmitted directly from the solar panel producer to you, the consumer. These guarantees usually last between five and ten years. The implementation package includes the workmanship of how your solar energy system is placed on your home and is usually provided directly by the solar energy supplier to you. These guarantees vary considerably from one supplier to the next, but they usually last at least two years and can last up to five years with top providers.

 

5. Failure to prepare your system for the future –

You want to make sure you’ve considered any future demands or wants when making a large purchase like solar. Although most solar panels may be linked to battery storage, there are a few more factors to consider before taking a final decision. If you decide to install a battery now or later, you may have to add more solar panels to ensure that you can produce power for both your daytime and evening demands.

Many organisations advertise solutions for relatively low prices, tricking customers into signing up for a service that will fail too early and cost a lot of money in the long run. You can manage through the research and locate your ideal solar connection by staying watchful, making the correct questions, and having your upcoming plans in mind.

 

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A Simple Chart Displaying the Advent of an Energy Revolution

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The world we live in is constantly advancing itself with new technologies and in order to sustain its growth, it needs a constant supply of energy. Unfortunately, the methods and the sources we currently use to produce energy are out-dated. Drastic climate changes and continuously depleting fossil fuels is challenging us to look for alternative energy resources.

Renewable energy is such an alternative form of energy. It includes solar energy, wind energy, Hydropower, Tidal energy, geothermal energy etc. The inexhaustible nature is the major advantage of renewables over the conventional energy sources. Renewable energy produces little or no carbon emission and therefore helps us in combating the climate change. The use of fossil fuels releases harmful gases like carbon dioxide, carbon monoxide which gets trapped in the earth’s atmosphere and cause a greenhouse effect.

As we are becoming aware of the drawbacks of using fossil fuels, a number of people are trying to switch to a renewable source of energy. The major roadblock in adapting renewable energy was its cost of production. But a new report suggests that the cost required to produce power from renewables has decreased considerably.

Advent of Energy Revolution –

A report from “Lazard” shows that the cost of producing solar energy is continuously decreasing; it costs around $50 to produce one mega-watt hour of solar power.

On the other hand, coal costs around $102 to produce one mega-watt of energy.

This report is a sign that the world may soon witness an energy revolution.

This report from Lazard highlights the fact that the cost of producing energy from various renewable resources is gradually reducing. Especially, the utility-scale solar plants – plants that transfer electricity into grids have witnessed an extraordinary price drop of 86% since 2009.

The Chart below depicts the significant change in costs over a period of time –

Average cost of energy in north america

 

Lazard’s analysis is a measurement based on levelized cost of energy analysis. ‘Levelized’ means including the cost of building the plant, maintaining the plant and fueling the plant for its expected lifetime.

The cost of producing solar energy has decreased considerably which is the main advantage for solar energy companies and we must be ready to face the dramatic changes occurring due to these price drops. This shift can make us adapt renewable sources more smoothly.

Switching to renewable source of energy is the only way to curb the on-going climate change and put an end to our dependency on fossil fuels. But the transformation is only viable if the renewable source of energy possesses the efficiency and cost-friendliness of the of the current conventional energy sources.

According to the report of the United Nations Environment programme the growth of renewable source of energy has been apparent in last few decades.

In 2017, renewable energy like solar energy, wind energy, hydropower supplied 12% of the world’s energy demands. Although 12% may not seem enough, but it is a major achievement for the renewable sector.

Even though solar energy is getting cheaper, Lazard points out that the cost does not take account of external expenses like transmission and storage of power, which is a major hurdle in solar energy adoption. It won’t be a full-throttle revolution until both production and storage of solar energy cost less.

Barriers to renewable technologies –

  • Costs – The most widely publicized and criticized aspect of renewable energy is the cost of installation and maintenance. Even though it promises a better ROI and clean fuel, due to its initial high investments, many developing countries resist adopting the renewable alternative.
  • Siting – Installation of Renewable sources like wind, hydro and solar energy requires large section of land. Doing so requires negotiations, contracts, permissions etc. This may hamper the overall cost of the projects.
  • Transmission – With building infrastructure for generating electricity, renewables also need a different mode of transmission since the existing designs were made to transfer fossil fuels and other conventional energy sources.
  • Market Entry – Since the renewable sector needs huge initial investments, start-ups cannot prove their mark in this industry. And they definitely cannot compete with the existing wealthier industries.
  • Reliability factors – The opponents of renewable energy always doubts the reliability of solar and wind power. Even though solar and wind power is a much reliable source for clean energy, many investors fail to see the big picture. This results in low capital investments which hinders the growth of commercially available renewable energy.

Conclusion –

Even though the renewables have some drawbacks, many people are moving towards this clean form of energy. The decrease in the cost of production will boost the efforts of producing renewable energy at large scale. Revolutionary changes can only happen if we succeed in designing effective storage systems. The storage problem makes it difficult for the developing nations to adopt this technology. Until and unless we develop an effective storage system, these nations are more likely to use the combination of renewable and traditional energy sources.