Future Of Solar Panel Efficiency

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.

Future of solar panel efficiency.

All in all the future of solar is bright. 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. This is a major obstacle that solar energy systems must overcome to achieve exponential growth in the energy industry. The p ower of r d for any homeowner converting to solar power is a major investment.

In the immediate future silicon solar cells are likely to continue to decrease in cost and be installed in large numbers. 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. In the united states these cost decreases are anticipated to increase the solar power produced by at least 700 by 2050. Most major studies show solar expanding significantly as costs decline and societies use their values to drive their energy choices.

Since 2010 he notes the absolute efficiency of the crystal silicon solar panel has gone up about 5 per year and that s pretty consistent.