Understanding how the incoming solar radiation is transformed into useful electricity can be a challenge by itself, but understanding the economics of solar can be even more daunting. After all, the premise of solar energy is entirely different from the
Smartphones, smartcars, smartTVs – everyday we seem to hear the word “smart” in front of a new word. You may have also heard about the smart grid. This one happens to be very important for the future of solar energy.
As we have discussed in a previous post, one of the main determinants of solar radiation at a given site is its latitude. Generally speaking, the higher the latitude, the lower the solar radiation level will be. This is purely