The Future of Solar Energy is on a “bright” path to growth. Solar is a popular, no-to-low carbon emitting power generation choice. Some of its popularity is due to the rapid decline of the cost of solar installation in recent years. But part of the growth in Solar energy use stems from more efficient solar panel electricity output. As this decade progresses, we are optimistic yet more efficiencies will be implemented in solar energy systems across the country.
MIT cited “massive expansion of solar generation worldwide by mid-century” as a necessary part of climate change mitigation strategies.
The Government sees the future of solar energy as a large part of its de-carbonization commitment. A Solar Futures Study by the U.S. Department of Energy cited a goal of 40-44 percent of electricity sourced to solar power. In fact, the US Department of Energy sees technological progress in solar as critical to reaching it’s 2035 target. However, further advances would make solar power more widespread and efficient in all areas. These advances would include increased energy storage, load flexibility, generation flexibility and inverter based resource capabilities.
Efficiency Growth through Technology Innovations
Some of those improvements are already available. In an earlier article, we discussed the use of Optimizers turning solar panels into intelligent panels. By splitting up the functions originally handled by one inverter, SolarEdge is able to introduce safer inverter wires and panels. When the AC power is off, the DC current drops to safe voltage levels. Meanwhile performance optimizers on each solar panel boost power production at a much lower cost than microinverters could do. The whole solar panel system installation costs a little more than traditional string panels, but the production is enhanced, making it a great buy.
The Future of Solar Energy is Still a Great Investment
Rooftop solar installation costs have stopped dropping, but are still lower than they were even five years ago. Their electrical production costs is still lower than that of your local public utility. And as we learn more, solar energy attracts more residential end users, as well as commercial entities.
A third of 2020’s solar power installations were in residential areas. The balance occurred in the commercial and industrial segment. As solar power generation becomes more efficient your panels can produce more power for the same price. You saving on your energy costs with little or no carbon output. Home and business owners who switch to solar enjoy electricity savings, both today and in the future of solar energy. Perhaps they are choosing solar for the fewer constraints than for wind energy. For instance, land acquisition isn’t a problem since solar panels can be mounted on rooftops or other small land area.
Renewable Resources in Minnesota Support the Future of Solar Energy
If you’re In Minnesota, and interested in a transition to solar energy, it’s a wonderful time to make the change. A family run firm called Renewable Solar Resources has spent years working to help customers transition to solar energy systems on residential and commercial properties. Renewable Solar Resources believes in the future of solar energy. It is an increasingly efficient, reliable energy source. Solar panels, SolarEdge optimization and solar storage continue to become ever more efficient, making solar an extremely affordable electricity choice.