Is Putting Your Money in Alternative Energy Sources A Good Investment?Are you interested in means to turn your extra money into profit? A smart 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. For instance, wind turbine technology has become more widespread due to the advancement in technology and reduction in price. This has resulted in wind technology being very competitive against more conventional forms of energy producing products. In fact, wind energy technology is advanced where birds no longer being killed by the propellers.
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You can invest your hard-earned money in businesses that do a lot worse than wind energy production. One other area to think about investing is photovoltaic cell technology. You wil lbe able to find these in private property lights, hand calculators, buoys employed by the US Coast Guard, and a number of other places. Photovoltaic cells are also being utilized in bigger projects like commercial buildings and housing developments. As costs keep decreasing, the efficiency of solar panels continues to improve. This efficiency is estmitaged by the amount of energy needed to produce against the amount of energy produced.
Back in 1982, the silicon cells' conversion efficiency was more or less 4% but these days, it is over twenty percent. Solar sells does not result in any pollution when producing electricity but it is not economical enough to replace standard electricity. These solar cells, because of space constraints, are unable to generate industrial-production amounts of electricity. There are more available areas where these photovoltaic cells can be installed, and the efficiency is increasing while the costs keep declining. As companies and individuals keep on finding ways to generate alternative energy, investment advisors still believe that energy is a good investment.
New kinds of green energy are coming from tidal movement, currents, and differences in temperature. The concept of hydro-power generation is advancing in France and being widely researched in Scotland and the US. There has been an issue with saltwater causing metal to deteriorate but the materials employed these days are making hydro-power a reality. Also in the past, extremely bad storms and unusual marine growth also caused problems in using hydro-power effectively. 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 couple of decades, money invested in hydro-electric technology has gone up. The power it produces is clean but hydro-electric power is confined by geography. Older dams, for instance, have had problems with marine life disruption. A great deal has been done to protect the marine life near the dams but it's been costly. Because of this, there have been a great deal of research in creating low-impact hydro-power technology that doesn't negatively affect the environment. The bottom line is that putting your money in green sources of energy is investing in our future.