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.

Future of solar panel efficiency.

Meanwhile research on alternative designs for more efficient and less expensive solar cells will continue. 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. 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 immediate future silicon solar cells are likely to continue to decrease in cost and be installed in large numbers.

The p ower of r d for any homeowner converting to solar power is a major investment. In the united states these cost decreases are anticipated to increase the solar power produced by at least 700 by 2050. 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. Silicon panels are becoming cheaper and more efficient day by day.

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