Myth: Solar panels consume more energy than they are able to produce during their lifetime
Truth: Researchers have recently produced a detailed study about solar power. In their study, they provided eye opening insights concerning renewable energy costs, comparing them to the energy manufacturing costs of high-tech solar designs, showing they are generally much less after a time span of 4 years usage.
They claimed that the pay back potential for photovoltaic (PV) generally is very much lower than four years. To obtain the maximum yield from solar energy, manufacturers should dedicate resources to the design of a more beneficial PV program. In the long run, the investment when installing this system is much smaller, and the benefits reaped include an increase in the life of these PV programs being at somewhere around 30 years. PV programs will give you a profit of between 26 to 29 years worth of greenhouse gas free electricity production, and these years add no additional pollution from your end. You are only required to give a contribution for renewable energy for anywhere between 1 to 4 years, which will enable you to extend the cost benefits, when it comes to reaping the advantages of solar power. These high-tech programs intend to support more clean and free energy for up to 30 years.