The Future Of Solar Panel Technology

In the coming years technology improvements will ensure that solar becomes even cheaper.

The future of solar panel technology.

Because energy supply facilities typically last several decades technologies in these classes will dominate solar. The future of solar energy the sun blasts our planet s surface with more than enough energy to keep us going forever. The united states government estimates that the earth receives over 173 000 terawatts of energy every year which is more than 10 000 times what humanity needs. This will also have a positive impact on the environment and climate change.

The future of solar energy considers only the two widely recognized classes of technologies for converting solar energy into electricity photovoltaics pv and concentrated solar power csp sometimes called solar thermal in their current and plausible future forms. Building integrated photovoltaics as the name suggests seamlessly blend into building architecture in the form of roofs canopies curtain walls facades and skylight systems unlike traditional solar pv panels bipv can be aesthetically appealing rather than a compromise to a building s design. Making inroads in solar cell technology china holds the world s largest market for photovoltaics and solar thermal energy and since 2013 has been the leading installer of solar photovoltaics pv. 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. With more and more people choosing to install photovoltaic systems the solar technology industry is growing rapidly while the increasing popularity of pv energy generation has also caused the price of systems to fall the government have begun to cut fit payments in recent years.