05 Apr 4 Experts Answer the Question, “What is the Future of Solar Panels?”
We polled industry experts and here is what they had to say:
Content Writer for Sunpro Solar
The future of solar panels is looking bright- no pun intended. Exciting new technologies are being developed every day, and even as the federal solar tax credit winds down, state and local governments, and even big businesses are stepping up. New Mexico state government is looking at approving a new tax credit, and community solar projects. Pennsylvania lawmakers have also introduced community solar legislation for approval. And that’s just a couple of states. Meanwhile, Florida Power & Light is planning to install 30 million solar panels by 2030. Walt Disney Company has installed 518,000 solar panels to power two of their theme parks with 100% renewable energy. Entergy plans to install a 100 megawatt solar facility in Mississippi. Even though the federal tax credit will be decreasing for the next several years, obviously the enthusiasm that people have for solar has not been dampened.
One technological development is perovskite solar cells. These are thin-film cells, which means they can be placed on surfaces such as windows, or car roofs, or other places that traditional solar panels won’t fit. They can even be used with solar panels, combining their total efficiency to up to, and perhaps even over, 40%. While they are currently being developed to improve their lifespan, it is likely that perovskites will be a large part of the solar world within the next decade.
Currently existing technologies are also being researched and improved as well. Solar panel efficiency has grown to be as high as 22.2%. In addition, the cost of solar panels has been reduced 60% in the last 10 years alone. The technology has become less expensive, and large corporations have started to invest in the installations of solar farms as well. Solar is becoming common, and as a result the overall cost is continuing to go down.
The demand for solar energy is growing steadily worldwide, and it shows no sign of slowing down any time soon. All signs point to the solar industry becoming larger, the technology becoming more affordable, and the world becoming more green- one solar panel system at a time.