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Energy - Research Paper Example

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Most of the industries in the global economy use fossil fuels as their sole source of energy. The scarcity of the commodity which has been caused by the depletion of reserves has…
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Download file to see previous pages... This will cut down the production cost of goods which will translate into economic growth. Alternative energy sources conserve the environment. Global warming will be contained if incentives are increased. The government should promote the use of different energy sources to diversify the economy dependence on one energy source has negative effects on the economy. Alternative energy increase employment opportunities and provide cheaper energy sources. The role of engineers in the alternative energy issue is to design the technology to enable the public to use the alternative energy effectively.
Solar energy incentives are used to encourage domestic and industrial consumption of solar energy as an alternative source. The government provides tax exemptions to the users of such energy. This form of incentives is used by residents in hot areas like Texas (Reiley, 2009).
Wind energy incentives are given by government to encourage domestic and industrial use of the form of energy. The tax exceptions made available by the government include the franchise tax deduction. The businesses can also be exempted from property tax.
The alternative fuel incentives grants program benefits institutions with grants to use alternative energy sources. The grants may be used to install solar panels in the Scholl to reduce dependence on grid electricity or upgrade the vehicle fleets to hybrid vehicle (Garrison, 2011).
Wind energy is energy generated when wind rotate the blades of a turbine. This form of energy is common in windy areas. The merits associated with the form of energy are that they do not pollute the environment. The form of energy is sustainable. The cons are that the wind farms destroy the aesthetic value of the shores and it is not reliable as wind does not blow continuously.
Solar power can be used in production of electricity, cooking and water purification. Solar power is used by converting the suns rays into useful energy. The ...Download file to see next pagesRead More
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