Solar products growth picking up

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A brave new world of gadgets is coming up with a new potential in solar energy. The way growth is picking up and venture capital investments are pouring in, solar products are something you need to watch out for.

There are large number of solar products on offer: iPod chargers, emergency lights, rice cookers, lanterns, water heaters, garden lights, AM/FM radios, rechargeable fans, power fences, water pumps, etc.

Though these gadgets cost more than their conventional counterparts.  But  the upfront price can be compensated in the money saved on electricity bills. Solar products will help you survive power cuts and also have low operating costs. On customary products one needs to pay a regular amount of electricity bill (electronic water heater is usually blamed for yielding soaring bills) whereas solar products involve a one-time installation cost, leading to the cost recovery in the near future.

"The costs are falling  due to plummeting price of solar modules,"  Solar experts and producers say.  Solar modules typically accounts for 50 per cent of a product cost and its price. Further due to increasing competition, prices have dipped to R80 to 100 per watt from R200 to 230 per watt in the past year.

Solar Power in India to increase from 5 MW to 1000 MW by 2013

India is prepared to generate 1,000 Megawatts (MW) of solar power by 2013, in the first phase of the new solar power projects under Jawaharlal Nehru  National Solar Mission. This programme will place India amongst the solar power harnessing nations,  like Germany, Spain and Japan. The project is being financed by Indian Renewable Energy  Development  Agency,Power  Finance Corp. & Rural Electrification Corp. 1300 MW  solar power production is planned, out of  which 500 MW will be photovoltaic energy, 500 MW  will  be solar thermal, 100 MW individual and 200 MW will be off-grid. Under this project, 50 percent of the power  will be generated through solar photovoltaic cells and the other half will by solar thermal power. Because of the amalgamation of technologies the overall cost of the generated electricity would be less in the future.  This  will reduce the rate if both are amalgamated and when you find out after amalgamation,  the price will come just you see about  four to five rupees. India  currently  produces less than 5 MW  of solar power every year.