Since the inception of solar power, the energy source has gone from a niche, relatively unknown system, to one of the most popular mainstream electricity sources available. In short, solar power has come leaps and bounds in the last 10 years, with the Australian photovoltaic (solar) capacity increasing 10 fold between 2009 and 2011, and then quadrupling between 2011 and 2016. This isn’t just due to the popularity of clean, environmentally friendly energy, but also to the evolution of the process and technologies. The following are some of the ways that solar power has evolved over the last 10 years.
With the alterations and design of new technologies comes greater efficiency. The research and development of solar power has led to superior products that are available to homeowners globally. The advancement of silicon technologies had equated in a product that better absorbs the sun’s energy, and therefore delivers more kWh to the building beneath.
Some of the companies developing this technology were able to increase efficiency by 15%. This evolution meant that in the years leading up to 2017, prospecting users of solar energy were able to get a more superior product that could deliver more power to their home than ever before.
With the technological advancements mentioned above came more durable products. The development of solar panels and complete systems that could last longer and withstand harsher conditions also led to an increase in popularity. Homeowners and businesses are now able to buy a product that will last for years to come and not involve multiple repairs or replacements.
Many solar manufacturing companies (particular tier 1 rated companies) invest significant amounts of revenue back into the research and development of their products. Over the last 10 years, the popularity of solar has led to the creation of all-round more high-calibre products.
Purchasing solar panels has never been cheaper. Compared to 10 years ago the price of solar panels has dropped significantly. With the improvement of the manufacturing process, it is now not only cheaper to buy the product, but solar companies charge less for installation too. Estimates in Australia suggest that the cost of a new solar system is 25-30% less than what it was four years ago.
A large part of the increasingly popularity of solar power comes from the price of electricity. In Australia, (generally speaking) the cost of electricity is significantly higher than what it was in the past with it most likely to increase in the future. This increase has led to solar becoming a more common choice for a power source due to the money that can be saved by not paying for electricity. This has also led to a boom in the market.
Solar power has evolved dramatically over the last 10 years, and the experienced professionals at SunEnergy have been around for the entire ride. If you are deciding to invest in solar, like many others, give the experts at SunEnergy a call.