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The Future of Solar Power

There are endless days ahead for solar power. As an appealing and affordable form renewable energy, solar technology keeps covering more of the world. With dozens of photovoltaic (PV) and concentrated solar power (CSP) stations in operation, and millions of rooftop solar panels installed, the future is looking sunny.

According to DNV GL, solar energy could increase by 6,500% in the next 30 years.

The Solar Appeal

Providing clean energy, solar plays an important role in lowering carbon emissions. And as innovations with the technology increase, it’s becoming a cheap and effective energy resource more countries are embracing. Solar energy is:

  • Becoming cheaper as material and manufacturing costs decrease
  • Evolving with new technologies and solar panel designs
  • Growing momentum with more green public policies.

And it’s not just governments that are reaping the rewards. Residential solar panels offer people their own tool to harness sunlight and power their day-to-day lives.

Leading Global Energy

According to the International Renewable Energy Agency (IRENA), solar power will lead the way in electricity generation with wind power, increasing from the current 800GW capacity to 13,000GW by 2050. According to their forecast, the electricity produced by solar and wind will account for over half of the world’s energy generation.

New Technologies

While it’s difficult to predict innovations in technologies, there’s a new potential alternative to traditional silicon solar panels. Perovskite solar cells are applied to surfaces as an ink solution, making their application limitless. Researchers claim they may also reach an efficiency of 40% – this is double the standard 20% efficiency of current PV solar panels.

Regardless of whether the above forecasts come true and technology is developed, the growth of solar power is steady. And its benefits are increasing too. If you’d like your home’s future to incorporate green energy, our expert team would be happy to help.