What if I told you that the most abundant energy source on earth actually was on earth?
Solar energy from the sun is the most widely available resource we have today for powering our products and lifestyles. New solar panel technology comes out every year promising to change the game and increase solar efficiency.
What does this mean for you as a prospective buyer of modern solar panels? What trends do you need to be aware of?
In this article, we will walk you through everything you need to know about solar panels in today’s world.
Trends in Solar Energy Technology
As you are likely aware, solar energy is one of the most rapidly growing industries in the world. In fact, the global solar market is expected to reach $223 billion by 2026.
This remarkable growth is being driven by a number of factors, including advances in solar technology, falling costs, and increasing awareness of the environmental benefits of solar power.
One of the most important trends in solar technology is the development of more efficient solar cells. The efficiency of a solar cell refers to the percentage of sunlight that can be converted into electricity.
Today’s best-performing solar cells have an efficiency of around 40%. But scientists believe that it is possible to achieve efficiencies as high as 60% or even 70%. This would make solar power even more competitive with traditional sources of energy.
Another important trend is the increasing use of batteries to store excess electricity generated by solar panels. This helps to ensure that there is a steady supply of power even when the sun is not shining.
Batteries are also becoming more cost-effective, thanks to advances in battery technology. The cost of storing solar energy is expected to fall by 50% between 2020 and 2030.
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How Does Solar Energy Work?
Solar energy is one of the most popular renewable energy sources. But how does it work?
Essentially, solar panels capture sunlight and convert it into electrical energy. The photovoltaic cells in solar panels use materials like silicon that absorb sunlight and create an electric field.
This process is known as the photovoltaic effect. When sunlight hits the solar panel, the photovoltaic cells absorb the light and release electrons.
The electric field in the solar panel forces these electrons to flow in a certain direction, creating an electric current. This current can then be used to power electrical devices.
Solar panels are usually made up of many individual cells, and larger solar panel systems can generate enough electricity to power an entire home or business.
Thanks to advances in technology, solar energy is becoming more and more efficient, making it an increasingly popular choice for those looking for a clean, renewable energy source.
If you’re considering solar, talk to professionals like those at Blue Raven Solar. They can help you determine if an installation is right for you.
Understanding New Solar Panel Technology
At the end of the day, new solar panel technology comes out every year, increasing efficiency and lowering costs of installation. If you are looking to take your house green, there has never been a better time than the present. Contact a local contractor to see how an installation could benefit your home and your utilities.
If you enjoyed this article about solar efficiency, please check out the other articles on our blog!