In 2018, the global solar market was valued at US$23.9 billion and is expected to rise to $32.9 billion by 2023.
With the support of sustainable energy strategies, such as the Paris Agreement and the SDG7 goal, more and more people are realizing the importance of reducing their dependence on fossil fuels and finding alternative ways to generate power.
This is where solar power comes in. Not only is it a sustainable energy source, but it’s also abundant and inexpensive. If you’re looking for a simple way to generate electricity, consider exploring solar power. It’s a perfect fit for homes and even small businesses that are looking to reduce their carbon footprint.
The Basics Of PV Solar Power
Photovoltaic solar power, or PV solar power, gets its name from the photovoltaic cells that convert light into electricity. PV solar power is a technology that was first developed in the 20th century, but it was only in the last decade that it started becoming more mainstream. Thanks to improvements in energy efficiency and cost-reduction technologies.
Since the start of this year, the price of solar energy has decreased by over 10%, which makes it even more attractive. But, just because the price has come down doesn’t mean it’s easy to implement. There are still some factors to consider before you commit to going solar, including how much electricity you need and when you will use it.
Where Should You Place Your Photovoltaic Solar Panels?
PV solar power can be used for a variety of applications, including residential, commercial, and even some industrial applications. When choosing where to place your PV solar panels, it’s important to look at the amount of sunlight that you get and how much electricity you need. If you get a lot of sunlight, you might not need to install additional panels to generate enough electricity. Consider where you place your panels and how much space you have for them. Also, look at how much electricity you consume and if there’s an optimal time of day for you to run your appliances.
What Size Should Your Photovoltaic Solar Panels Be?
Just like with any other power system, your PV solar panels will need to have enough capacity to power the load that you need. This means that if you have heavy machinery that needs to operated daily, you might need a bigger panel than if your appliances are only used once or twice a week. The key is to figure out how much electricity you need and what size of panel you need to match it. If you have a specific need for more electricity at certain times of day, consider getting a solar panel booster or inverter to increase the capacity of your PV solar panels. Some individuals claim that having more panels than you need actually reduces your energy consumption because it allows you to store some energy when the Sun is shining and you don’t need it. So, if you can afford it, having a bit more capacity than you need is a good idea. It’ll make it easier to connect to the grid when needed and reduce the amount of time you spend finding a power outlet.
How Much Does It Cost To Install Solar Panels?
The cost of installing solar panels will vary depending on what type of system you install, but it is generally accepted that solar energy is less expensive than regular electricity generation methods. As previously stated, solar energy is cheaper and more reliable than traditional power sources, and this makes it a no-brainer for those who want to save money and reduce their carbon footprint.
Which Type Of Solar Panels Should You Install?
The type of solar panels you will need will be determined by your specific needs and desires. However, it is a good idea to start small and then work your way up to bigger and better things. For example, if you have a smaller house with limited space, it would be best to start small and then add on to the system as you can. The additional costs of adding another panel or two will be more than compensated for by the decrease in energy consumption and cost of living that you experience once the system is implemented.
Installing solar panels on your home is a great way to reduce your carbon footprint and become more independent from fossil fuels. With the cost effective and eco-friendly nature of solar energy, more and more homeowners are considering the option, and for good reason. If you’re interested in exploring solar energy as a power source, consider looking into it further. You’ll find a lot of information online and even at your local library if needed. There are many different ways to go about installing a solar system, so take your time in choosing what’s right for you and your home.