Higher efficiency and innovations of solar battery power generation devices

Higher efficiency and innovations of solar battery power generation devices

Mass production and wholesale can make the devices that generate solar electricity become cheaper, but this cannot guarantee the ultimate solar electricity prices down in the future. At this time improving the efficiency of these products is indispensable. Actually solar panels' efficiency has improved a lot. Today's panels have an efficiency of 20% on average, while in the past the figure was much lower than this one. In fact, now the highest efficiency research has already reached up to 40% although this has not been put into practice yet. In the future this percentage will consistently decline for sure. Although at present PV inverters' highest efficiency has already reached up to 96.5% (micro inverters) and 98.5% (commercial inverters), more efficient inverters are also expected to be made in the years to come. With more efficiency products made, more electricity will come out. When electricity become more, it will become cheaper.

High sunlight demand

Monocrystalline solar panel electricity comes from sunlight. Thus, it is much better if more solar power plants are built in the areas where sunlight is excessively rich and more families across the globe can choose to go solar and build tiny solar power plants at home. Sunlight rich areas like deserts and the equator should be further explored, and indeed this trend has already begun as many people are asking the reason why we don't build solar power plants in these areas. Obviously, apart from some human reasons, the topmost reason is technology. No doubt, the future technology will overcome such problems and support our idea of building power stations in these places. In addition, many countries have already started to promote residential solar power generation, which is a great contributor to cheaper prices. Nowadays home power still costs much, for you need to build a system with your own money. This is often thousands of dollars or even more. Subsidies can be one supplement for the high costs, but people willing to build it still have to take debts. The limitation is that only rich sunlight areas can get even cheaper power bills.