The production of electricity is a major focus of energy use, with the United States generating about 4 billion kilowatthours of electricity in 2012, according to the U.S. Energy Information Administration (EIA, 2013). Coal remains the most common source of energy for this process, while renewable energy sources, such as solar, are the type of energy source that is showing the highest growth rate (EIA, 2013). As the consumer demand for electricity keeps increasing, it makes sense to compare the various means of producing it to determine the advantages and disadvantages of using the different forms of energy available. One ...
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In 2012, global private investment in solar power was $142.5 billion dollars for a meager return of $93 billion (Isola, 2013). This is a loss of 35 percent, which is far from profitable. The inability of the solar industry to show a profit reflects its use of inefficient technologies and poor business models. It is simply too early in the technology development to justify pouring large investments into the industry. With the current state of the solar energy industry, the produced energy remains too expensive to compete in the energy market. Until the solar energy industry becomes profitable, decreasing dependency on oil ...
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