The energy industry is changing, fast. There’s a new and exciting development almost every day, and we are dedicated to keeping you up to date. After all, the better informed you are, the better choices you can make. So keep an eye on this section and be in the know!
Despite solar being a net-zero emission source, there are still reservations about its use, owing to its variable nature. This has led to increased usage of solar trackers for improving the efficiency of systems towards accelerating renewable energy adoption.
Earlier, solar panel efficiency was at 15%. It has now become more than 20%. This increase in efficiency results in the embodied energy being paid for in less than 2 years. This applies to locations with sun exposure for the majority of the year.
The efficiency of solar panels is a direct indicator of their performance. High-efficiency panels employ higher-grade N-type Silicon cells. These cells come with improved temperature coefficients and lower power degradation. Some of the manufacturers offer warranties with 90% or higher retained power output, even with 25 years of use.
Bifacial panels are a perfect example of such high-energy solar panels. They have power output ratings of over 500 watts. Combined with solar trackers they pose the most viable solution to recover the capital costs quickly.
Bifacial panels have been around since the 1960s but the tech didn’t take off as it was too expensive. With reduced raw material costs and improved energy outputs, it is once again gaining traction.
Business Solar Incentives
The solar tax credit is a federal incentive the Government offers to commercial building owners who install solar panels on their property through December 2034. The federal solar tax credit in 2023 is worth 30% of your solar installation costs and will be available from 2022 until 2032.
Home Solar Incentives
The Residential Clean Energy Credit is a solar tax credit that’s like a coupon for 30% off your home solar installation, backed and funded by the federal government. In the year that you install solar, the Residential Clean Energy Credit can greatly reduce or even eliminate the taxes that you would have otherwise owed to the federal government.