Future Of Solar Panel Efficiency

This is a major obstacle that solar energy systems must overcome to achieve exponential growth in the energy industry.

Future of solar panel efficiency.

Future solar technology modern day solar panels have a maximum efficiency of about 33 meaning that much of the sun s solar radiation goes to waste even under the most ideal circumstances. In the immediate future silicon solar cells are likely to continue to decrease in cost and be installed in large numbers. Most major studies show solar expanding significantly as costs decline and societies use their values to drive their energy choices. The p ower of r d for any homeowner converting to solar power is a major investment.

And it s fundamental to. According to experts if photovoltaic panels are placed on reservoirs and other water bodies they offer even greater efficiency as well as a plethora of other benefits. In the united states these cost decreases are anticipated to increase the solar power produced by at least 700 by 2050. Meanwhile research on alternative designs for more efficient and less expensive solar cells will continue.

Today that translates into some of the highest efficiency solar panels on the market with a life expectancy of over 25 years and new innovations just on the horizon.