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Benefits Cost Design Reliability Modular Environmental Less Oil Reliance
The development of PV solar energy as a mainstream provider greatly assist reducing trading blocks like the EU and the US on dependence on foreign oil from volatile parts of the world that are not necessarily pro-western in their allegiances. One only has to witness the recent cut in supplies by Russia to the Ukraine and hence the rest of Europe to realize that a localized dispute can have far reaching ramifications in threats to traditional oil supplies
Using PV protects us against the threats of fuel price volatility and political instability, and it allows us to produce our own energy within our own borders. By building the PV industry, we are investing in "home-grown" energy, which creates domestic jobs and strengthens our economy.
As the EU and United States keep steadily increasing PV exports to other countries, current trade deficits moves steadily toward a trade surplus. And PV is a free-market commodity, involving a mix of large and small businesses — with customer choice underpinning success and growth. As the costs of PV keep declining and the technology keeps improving, the industry has the potential to become one of the worlds largest.
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