Chances are you have probably heard of solar panels, but what exactly does that mean? More importantly how does it work? In short they converts energy from the sun into usable electricity, and then uses a feed in tariff to transport that new energy.
Photovoltaics, or PV are the scientific term for solar panels. The PV panel would be placed somewhere that gets a lot of direct sunlight to maximize it's use. The panel itself just sits there, collecting the energy that emits down on it.
Many people are don't understand exactly what happens after the energy is collect. This is where the feed in tariffs, or a "FiT" come into play. The FiT feeds the energy to a larger power plant. The plant would in term would pay the owner for any renewable energy that was produced from their panels.
Many are still afraid of how much this costs. This is a valid concern as the upstart costs to installing these can be very expensive depending on your needs and intention. When researching just keep in mind that there are often many government incentive programs that may reimburse you some or all of your money put out. Also remember that the use of this energy can substantially decrease your energy costs, and increase the value of your home.
Taking just a quick look at this, you will understand basically how solar panels work. To summarize, the panel installed collects the energy and transfer it back to an energy company which would then pay you for that energy! Perhaps more importantly how they can benefit you. Depending on your where you live, these may not be an option for you. However if you live in the right area, you will gain some positive effects financially and you will be helping the the planet.
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