This paper investigates the feasibility of pursuing a future for renewable energy with photovoltaic boards by reviewing economic and environmental data. Initially, in order to meet societys always-increasing need for electricity, the paper envisions a future with microgrids and looks into the possibility of including photovoltaic boards or lithium-ion batteries. First, the long-term prognosis, subsidies, and initial costs are all taken into account in the economic aspect. In this research, data from NREL and FORBES are reviewed. Secondly, through the analysis of environmental data taken from various research papers -- the production and recycling methods are compared. By combining the two analyses, the conclusion ultimately deems the future for a world of solar energy as practical. Lastly, improvements and suggestions are provided to augment the feasibility of the future that is more dependent upon solar panels which include the enhancement of daily practices, installation, and economic and environmental suggestions for the governments.
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Xinyun Du (2024) studied this question.
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