Economics
Solar energy has massive effect on world’s economy. The US
market is presuming that around $27 billion dollars by 2020, according to the
Department of Energy. There have been around 150,000 new jobs created directly
and indirectly. Solar energy also allows countries and individual’s to power their
own home independently. Solar energy permits people to frequently receive free
source of energy from the sun. In the U.S distribute transmission lines that
are independent of energy sources from becoming more critically used due to aging
infrastructure and local emission restrictions. Example of energy independence is a hotel in
Hawaii. The Solar panels will generate 75 kW of energy. The solar array is
likely to pay itself off in 5 years.