Question

In: Economics

Explain what is meant by the following statement: “The above inequalities do not include the value of solar panels as a form of expressing one’s environmentalism.”

Explain what is meant by the following statement: “The above inequalities do not include the value of solar panels as a form of expressing one’s environmentalism.”


Solutions

Expert Solution

ANS: The solar energy is source of energy produced from the sunrays and through the solar cells there is conversion of solar energy into electrical energy. The combination of the solar cell forms the solar panel which is used at the homes having a roof or a backyard or terrace where the solar panels are Installed and electrical energy is produced.

As the solar system is very useful in many ways as the main reason is that there is reduction in the electricity bills as this solar panels charged whole day till evening and at night there is process of conversion into electrical energy as this system requires DC Power to AC power so that the appliances can be used at home.

But the Cost of the Solar panels is very high as approx for normal house the cost is about 1 lakhs to 1.5 laks and also the all cells connected with silver also cost about 80 to 90 thousand. As per this there also some of the limitations this solar system . As there is too much cost that a middle class can't afford it and also the panels requires maintenance is they break or in rainy season and too much care is required even they also break in some scenario.

As we can see there is income inequality , and it is stark such as in household income , as in solar panels we cannot the solar as there is no electricity bills in which there is inequality in units consumed and sometimes the consumers are make fools . The solar system is very much helpul to the environment as it saves electricity and consumes the energy from Sun which is free of cost and even doesn't emit any gas so that's a plus point and also saves the environment without any harm.

So as per this it can be says that there is ' The above inqualaties do not include the value of the solar panels as a form of expressing one environmentalism'.


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