Solar energy has always been a concept that possesses enormous potential. Most people realize solar energy is viable and not “science-fiction wishful thinking”. Solar rays are not difficult to harness and they can be turned into energy rather easily. Considering the current energy crisis the world is facing, many wonder why solar energy has not made the inroads many predicted. Why is this?Troubles for the IndustryOne of the main reasons solar energy has not made huge inroads despite the energy crisis centers on the difficulty for companies to recoup investment capital. Simply put, no engineer can design a solar heating panel on paper that will be without flaws and errors. The panels have to be built, installed, and tested. The results then must be monitored and any errors and flaws must be modified. Then, the process must be repeated until a workable solar panel has been developed. Afterwards, the panels must be produced and marketed. The final price of the solar panels must then be able to recoup the costs associated with the process. However, making many sales is not easy and that makes it difficult for investors to reduce capital.Investment IssuesSolar energy companies often rely on private investments and… Read full this story
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