Is solar power the cheapest way to generate electricity?

If you are looking into options for making your house more eco-friendly and saving some money, solar power is probably one of the most attractive renewable energy options. In fact, solar power is becoming the cheapest way to generate electricity, according to Bloomberg New Energy Finance analysts.

How does solar power work?

The sun—that power plant in the sky—bathes Earth in ample energy to fulfill all the world's power needs many times over. It doesn't give off carbon dioxide emissions. It won't run out. And it's free. So how on Earth can people turn this bounty of sunbeams into useful electricity?

Do solar panels generate electricity at night?

Solar panels generate no electricity at night time. Solar panels can't store energy, so you have to use the electricity they generate when the sun is shining. You need batteries to store the energy generated. These are expensive. – Solar cells convert the light from the sun into electricity.

How do solar cells produce electricity?

Solar cells convert the light from the sun into electricity. Many solar cells can be put together to make a solar panel. Solar cells are made from a material called silicon. – Solar panels are used to produce electricity. They can be found on buildings but can also be used on a solar farm to harvest the power of the sun.

How is solar energy generated?

Solar energy - Electricity Generation: Solar radiation may be converted directly into solar power (electricity) by solar cells, or photovoltaic cells. In such cells, a small electric voltage is generated when light strikes the junction between a metal and a semiconductor (such as silicon) or the junction between two different semiconductors.

Do solar panels generate electricity?

Solar panels do not generate electricity, but rather they heat up water. They are often located on the roofs of buildings where they can receive heat energy from the Sun. Cold water is pumped up to the solar panel. Then it heats up and is transferred to a storage tank. A pump pushes cold water from the storage tank through pipes in the solar panel.