Solar Power

Reasons Why Solar Power Is The Fastest Growing Source Of Energy

Solar power is the single fastest-growing source of energy for a variety of reasons. It took over as the fastest source of global energy in 2017 and it shows no signs of slowing down. Below, we will be going over some of the reasons why it is the fastest growing source of energy.

Reasons Why Solar Power Is The Fastest Growing Source Of Energy:

1. China.

One of the main driving forces for solar energy is the adopting rate in China. Because China is making a concerted effort to introduce more renewable energy sources, they are driving the global sales of solar power and solar energy as a whole. Because China has so much growth potential, it is the main driver behind solar growth as an industry.

2. India.

Another reason why it is growing so fast is that India is also adopting at a high rate. While not as fast as China, it is still being adopted quickly and being invested in at a very high rate.

3. The USA.

The US continues to put in policies which encourage the adopting of renewable energy sources for both homeowners and businesses alike. Because of this, it continues its upward trend of adoption and it quickly becoming mainstream for homeowners.

4. Greater Affordability.

Another reason why it is quickly taking over as the leader is that its price has dropped considerably and a new viable option of solar finance has become prominent. Previously, it required a major commitment and investment in the technology. As the supply increases and technology decreases in price, solar technology is becoming much more affordable for the masses. Given its affordability levels at this point in the lifecycle, it is only expected to be adopted at a much higher rate across the world. The problem with a new technology is the price is typically way too high to reach a mainstream audience.

Because of this, early adopters end up paying significantly higher prices as a direct result. A lot of people and corporations held off on solar energy because the return on investment was simply not worth it because of the long payback period. Nowadays, the payback period is shortened which makes it a much easier thing to invest in because you know you are going to be able to experience a positive return on your investment over the short term rather than having to wait a long time to see any sort of returns on your investment.

5. Support From The Government.

Another reason why the growth has been so tremendous is that of the various Governments across the globe and their inclination to put in incentives for adopting the technology. As more incentives are put in place for both homeowners and corporations, it is driving the adoption of the technology at a high rate. After all, it is making it even cheaper and affordable to invest in due to tax benefits and more. This support from the Government is crucial for the adoption rate of the technology and it has only helped boost its appeal.

Overall, there are a lot of driving forces for solar technology. Solar energy has surpassed the other sources of power primarily because it has become such an affordable option for those that are looking to invest in renewable energy sources because of both decreasing prices throughout the industry and because of the various Governments across the globe driving the sales of this technology with tax incentives and more. It is the future of power and it will continue to grow at an alarming rate due to the most populated countries investing heavily in the technology including China, India, and the US.

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What Are Solar Panels Actually Made Of?

If you are searching for a solar panel installation company, you might wonder about your choices. There are several different types of solar panels that are available today. It is good to know what these products are made of. By understanding this, you can make the right choice when selecting solar panels that will be installed that your home or place of business. Let’s discuss what they are made of, and the many choices that you do have available once you decide to install solar panels, or a solar panel array, to generate electricity from the sun.

What Are Solar Panels Made Of?

All solar panels today are made of a material called crystalline silicon. You have probably heard of the word silicon before. It is the same material from which circuit boards are made of. This is because it is a very efficient semi conductor material. When electricity is generated with solar panels, it is because of the effect that sunlight has on the crystals themselves. Electrons are excited within the silicon cells because of the sunlight, causing the electricity to flow.

Different Types Of Solar Powered Photovoltaic Panels

There are two main types of solar panels that are created today. This would include monocrystalline and polycrystalline solar panels. There are also a few others that are made of different types of solar cells. This would include thin film solar cells, amorphous silicon solar cells, and what is called a bio hybrid solar cell. Monocrystalline solar panels are the most efficient. That is because of the lower silicon purity often associated with polycrystalline solar cells. Some of these can be very efficient, including new ones that have over 44% efficiency, surpassing the average 25% efficiency that most monocrystalline solar panels have.

New Elements Introduced To Solar Panels

Some of the more efficient solar panels include those that use what is called transfer printing. This allows the manufacturers to create the solar panels with a higher degree of efficiency and precision. Additionally, they use what is called gallium antimonide substrates. This allows the solar panels to absorb literally every part of the direct sunlight that it is exposed to. Longer wavelength photons are now absorbed by these solar panels, improving their ability to produce electricity. This is just one of the latest advancements in solar panel technology that is moving us closer to generating electricity primarily from solar panels and solar arrays.

Why Many People Are Investing In Solar Panels

There are three primary reasons why solar panels are becoming much more popular. First of all, it has to do with the materials that they are made of. Second, the design of the solar panel system can contribute to its overall efficiency. This includes the use of the solar panels, inverters, battery packs, proper wiring, and what is called a solar tracking mechanism. Finally, the cost of producing solar panels has come down over the years. This includes a lower cost for producing the solar panels and how streamlined the production processes. The lower costs are motivating people to make this initial investment which will easily pay for itself in just a few years.

This overview of what solar panels are made of should show you that technology is continually advancing. The designs of today are so much more efficient than they were when they first came out. If projections are correct, it is possible that are dependency upon hydroelectric dams may begin to diminish over the next few decades. The efficiency levels of new solar panels has also motivated many people to make this type of investment. It allows consumers to effectively generate free electricity from the sun which helps them save money on their utility bills every year.

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