Is Putting Your Money in Alternative Energy A Good Investment?Are you searching for a place to invest your money? A good investment to consider is alternative sources of energy. It is predicted that alternative energy production will be in the billion dollar range by 2013. wind power has become more affordable with the advancement in wind-turbine technologies and more widespread in usage as well. The result is wind energy products have become competitive with other established types of energy. Wind-powered technology has become so advanced that birds are no longer getting incidentally killed.
You wouldn't want invest your hard-earned money into something that doesn't provide assistance to the environment. One other area to think about putting your money in is photovoltaic cell technology. You can find these in private property lights, hand calculators, buoys employed by the US Coast Guard, and a number of other places. Solar cells are being used on more and more roofs of commercial buildings, and also housing developments and building complexes. As prices keep decreasing, the efficiency of solar batteries continues to get better. This efficiency is calculated by the amount of energy needed to produce against the amount of energy made.
Way back in 1982, the silicon cells' conversion efficiency was roughly 4% but nowadays, it is over 20%. Solar sells does not create any pollution when generating electricity but it is not economical enough to replace regular electricity. These photovoltaic cells, due to space constraints, can't generate industrial-production amounts of electricity. Nevertheless, the price and efficiency will continue improving as the use of these photovoltaic cells continue to grow. With the continual search for new methods of generating alternative energy, advisors of investment portfolios are positive that energy is a smart investment.
New types of clean energy are coming from tidal movement, currents, and differences in temperature. Hydro power generation is advancing with the French, and being studied by scientists in Scotland and the United States. Salt water has been a problem previously with metal deterioration, but that has been improved by using better materials. Also in the past, really violent storms and strange marine growth also caused problems in using hydro-power effectively. Still, we are aware that the timing of ocean waves and currents is pretty consistent thus making it a reliable source for energy.
In the last couple of decades, money poured into hydro-electric technology has increased. It is extremely clean power, but hydro-electric power is apparently confined by geography. Large, older dams, while already important as power generators, have had problems with marine life disturbance. In order to protect the marine life, those dams were improved and the improvements have been expensive. As a result, low-impact hydro-energy generators that doesn't cause ecological problems, have been given more attention. After all's said and done, investing your dollars in green energy is the way to go.