In the past decade, solar power has made great strides. More than 115 GW of solar will be installed worldwide this year, surpassing the total capacity of all other generation systems combined. Additionally, it is becoming the most cost-effective method of generating new electricity worldwide, especially in warmer climates.
How is solar energy expanding its scope?
As solar energy technology advances, it will become more cost-effective in the coming years. By 2030, solar may have surpassed all other energy sources as the primary one used to generate electricity in many parts of the world. Moreover, this will have an ameliorating effect on global warming and other environmental problems.
The renewable energy industry has well-defined plans to cut costs, which should result in a 50% reduction in the price of solar panels by 2030. Current efforts are shifting toward more efficient modules; these modules, made possible by a technology known as tandem silicon cells, can produce 1.5 times as much power as their predecessors despite being the same size. Going forward, these will have a significant effect.
It is expected that solar energy will play an increasingly important role in the global energy mix.
To put it another way, solar will soon have a very rational energy cost that makes it competitive with, if not superior to, fossil fuels in many places around the world. Since solar panels can be set up in a matter of hours and can be used to generate electricity for anything from a wristwatch to an entire city, we can expect to see a surge in solar installations over the next decade. This will be potentially beneficial to the environment as well.
Tesla Power USA has been introducing their products and continuously working upon bringing revolution in the energy sector. We have launched Tesla Solar Batteries that are low maintenance and factory charged. Our solar batteries have high acid volume which makes them dynamic and efficient at the same time.