Guide to Finance

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Thin Film Solar Technology

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Thirty years ago in a number of countries around the world, a push began to install solar energy panels on private houses. Many experts argues that solar power, including solar energy incorporated into residential property, was to be the proverbial wave of the future. In reality, the early movement towards solar energy slowed down during the latter part of the decade and into the 1980s. A major concern associated with solar homes centered on the fact that many consumers discovered that the installation and utilization of solar power systems into their homes was not proving particularly cost effective.



Since the advent of the 21st century, there has been a significantly profound renewed interest in solar energy generally and in solar homes specifically. The "rebirth" of the trend towards the construction of more solar houses and towards the retrofitting of existing residential properties with solar systems has occurred for two primary and essential reasons.

First, an increasing segment of the media has become concerned with the impact that carbon based energy sources are having on the environment, on the planet. As a consequence, there are an ever growing number of people who are making a concerted effort to make their living spaces far more environmentally friendly. From recycling to the use of alternative energy resources such as solar power, more men and women all of the time are becoming committed to establishing and maintaining homes that are more environmentally friendly.

Second, the costs associated with petroleum, coal and natural gas as primary sources of power have increased dramatically over the course of the past several years. The net result of this tremendous cost increases has been to make alternative energy resources - including solar power - far, far more cost effective. Therefore, many people are now turning (or returning, as the case may be) to solar homes because these types of residences have become cost effective in the current marketplace.

While many people are hoping that the costs associated with petroleum, coal and natural gas will drop sooner rather than later, most industry experts and financial analysis predict that this probably won't be the case. Therefore, research and development is becoming more intense when it does come to alternative energy resources such as solar homes. Moreover, consumer demand for alternative energy resources, including residential property that relies on solar power, is increasing markedly. These are companion long-term trends that are expected to continue into the future.

With this in mind and understood, many financial experts and analysts are suggesting with increasing regularity that making investments in such alternative energy resources such as solar homes is a wise course to take. These analysts maintain that the days are long gone when an investment in solar home technology was considered speculative at best. Rather, investments in such alternative energy resources such as solar homes is considered to be a sound course which will allow for the realization of significant profits in both the short and the long term.

Copyright (c) 2008 R Douglas Allen
Thin Film Solar Technology
As with many other emerging technologies, demand is driving developers and manufacturers to address what consumers want - and that is less expensive energy. As new products and ideas are introduced, they will be placed on the fast track.

The buying public, especially the younger generations, want their children to have better options in safe and inexpensive power, clean air, safe sources of water, pristine forests and parks – in short the best. And we know it is our responsibility to return the environment to this condition. For the most part, we of the older generation know what those things are and we must keep asking for solutions from our scientists and engineers.

• In Mexico a solar dish is being tested. It is made up of multiple mirrors that focus the energy of the sun creating heat which is transmitted to an engine filled with hydrogen. The expanding and contracting hydrogen gas drives pistons which power a generator which creates electricity.

• A new thin-film technology is being used on the windows of high-rise apartment buildings and skyscrapers to collect the sun's power for use in the buildings. It is attractive and not nearly as expensive as regular solar panels.

• The same thin-film or thin-membrane technology may allow solar power to be used to produce electricity in areas where it is very cold, very hot, or even when it is cloudy. This technology generates less power per area, but it also uses less polysilicon which makes it cheaper to produce and more durable and attractive as a facade for skyscrapers and the roofs of houses. Thin-film is attracting major manufacturers around the world.

• New solar technology is using crystalline silicon cells for solar power panels. They are gradually getting smaller and less expensive. For example a tiny row of these solar power cells can run a retail store's calculator for an entire work day and these same cells can be placed onto a roll-able mat and rolled out when needed.

One criticism of solar energy is that it cannot be relied upon for a steady supply of energy, but there are projects underway which are addressing that issue. I don't doubt for a minute that solutions will be found very soon.

In short, solar technology is going the way of the computer industry or cell phones. The first computers filled entire rooms and did little more than crunch numbers. Now you get the same functionality available in personal computers on tiny cell phones. The main reason for this phenomenon is the invention of silicon chips. The new silicon cells for solar panels may bring a similar revolution to solar power making it a reliable, clean source of energy.

The sun is not likely to go the way of fossil fuels! Man's ingenuity and persistence WILL find the answers! And now that universities and industry leaders are joining forces to accelerate and commercialize research in solar energy, I'm convinced that we will all be using more solar powered products in the very near future.
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About Author
Both R Douglas Allen & Winifed Churchill are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

R Douglas Allen has sinced written about articles on various topics from Finances. R. Douglas Allen is general partner of Blue Lion Capital Management, a private equity company specializing in clean technology and alternative energy.You can learn more about Blue Lion Capital Management and Mr. Allen by visiting this site:. R Douglas Allen's top article generates over 1300 views. to your Favourites.

Winifed Churchill has sinced written about articles on various topics from Home Management, Finances and Home Management. . Winifed Churchill's top article generates over 1300 views. to your Favourites.
Boxing Workouts For Beginners
I hope Ive shed some light on this old wives tale for you. The next time you hear a boxing coach say lifting heavy weights will make you slow, you will know better to listen to that ignorance
 
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