1. 1. SOLAR ENERGY UTILISATION(SAVING ELECTRICITY USING RENEWABLE SOLAR RESOURCE )CONCEPT :Renewable solar energy is one of the most effective source of energy that not onlyprovides us with power to run our industries , but also useful for home applications likelighting our houses cooking food , water heating and running other electrical appliancessuch as Television set , Radios , microwaves and computers .Modern technology has made it easier to harness this important source of renewableenergy , which in turn has led to improvement of our lives.
2. 2. HEATING, COOLING , VENTILATION AND AIR CONDITIONINGHeat form the sun is harnessed using solar panels and the energy collected from thepanel is transformed in to electrical energy that is used in driving air conditioners thatprovide cool air when it is hot and provide warmth by heaters when it is cold ensuringthe comfort of living in our housesWATER HEATINGThis is the most common application of renewable solar energy as this application doesnot require much technological know how . Sunlight is used in heating water byconcentrating the sun rays for heating by use of solar panels .
3. 3. COOKINGBy concentarting the heat energy from the sun on the required area , this can be mosteffectively used for cookingSimilarly , solar energy can be used in place of electricity for running various appliances athomes and offices .ALTERNATIVE SOURCE OF ELECTRICITY :With more and more applications, renewable energy like solar is the remedy for theincreased global warming as there is no emittance og green house gases when we usethis type of green energy resources .MARKET SIZE :Market size is unmlimited as long as there are1. Cost effective panels2. Easy installation and maintenance3. User friendly technologyCOMPETITION
4. 4. Competition is very less as there are lot of scope for improved /cost effective technology andinnovetive usageBUSINESS MODEL