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Solar energy is a type of renewable energy where solar panels are used to consume the power of the sun and generate electricity. Along with this because of installation as well as solar panels dropping and also getting advanced.
With the global pandemic, there has been an increase in creativity as well as technology in the solar industry making it efficient and cost-effective by producing sustainable energy solutions.
To understand what changes and technical advancements we might be benefiting from solar energy, there are some global solar trends to define the solar industry for the upcoming years.
Trends in Solar System to watch
The solar trends which we might explore in the upcoming years are:
Reduction in solar battery prices
Solar energy solely depends upon the shining of the sun since it absorbs the energy and converts it into power. This energy can also be stored which can later supply power during cloudy or rainy weather.
The two types of solar batteries are lead-acid batteries and lithium-ion batteries. Lithium-ion batteries last longer and are much more advanced. Even though lithium-ion batteries have higher costs, their price has been decreasing in recent years by 76% since 2012.
The lower cost of renewable energy sources such as solar and wind energy makes them competitive as well as most preferable over the fossil-fired power plants. With great demand, the solar panel prices are also decreasing which makes it very beneficial for customers as well.
2. The storage of solar energy is growing
One of the biggest disadvantages of using solar energy in previous times was that it was useless during cold or rainy weather.
Nowadays, almost all solar installations come with energy storage systems that help people to save a lot of solar energy and use it during cold or rainy seasons. Along with this, installing solar panels with storage systems is much cheaper than the main power grid.
In these solar installations, the most common storage battery used is lithium-based since they are compact and much cheaper as well.
3. Introduction of Digitalization
Since 2021 there has been an increase in digitization at almost all the solar power system levels. The devices and the infrastructure along with the production also are digitized and controlled by robots and drones.
Along with this artificial intelligence and machine learning technology are also introduced for shaping the future of solar energy.
Boxing is also introduced to facilitate transactions. Many solar power plants have developed blockchain products which are a brilliant way for saving energy and reducing transaction costs.
4. Installation of solar panels in electric vehicles
With the increased demand for electric vehicles, many renewable energy labs have installed solar systems in the electric cars which make them run on 100% renewable energy sources. These electric vehicles have pre-installed solar systems. This resulted in the solar panel price being cost-effective.
Along with this, there are many electric vehicle chargers offered by solar installation companies. This is going to create a huge shift from non-renewable to renewable solar energy resources in the market.
These are some of the most important solar energy trends one can explore in the following years. These solar trends tell us that renewable energy sources are going to replace fossil-fired power sources in the upcoming years.
Conclusion
We’re going to explore many solar system trends in the coming years which makes them more efficient as well as durable. The shift from non-renewable to renewable energy sources is beneficial for the people as well as the environment. Harnessing solar energy can resolve the issue and elevate the pressure which is exerted on non-renewable resources. It is a sustainable approach which should be adopted by the human race to enhance and improve the quality of our life in the long run.
