The photovoltaic conversion efficiency of solar panels is still relatively low during solar energy use. This is also a factor that affects the payback period of solar panels. So now maximizing the photoelectric conversion efficiency of solar panels is the biggest goal of the solar industry.

If we can make the cost of using solar energy lower, more people will surely be willing to use solar energy. In this article, we will go through with you how to make solar energy more efficient and economical.

Increase the efficiency of solar panels:

Normally, solar panels can only receive 15% to 20% of the sun’s energy and convert it into electricity. But if you want to utilize solar energy more fully, you need to increase the efficiency of solar panels. When you use high-efficiency solar panels, you’ll need fewer panels for the same amount of electricity, which translates into lower solar panel costs.

Use of metal halide chalcogenides:

Metal halide chalcogenides are rare materials that are usually made up of one part metal (usually lead), three parts halides (usually iodine), and one-part organic molecule (usually a molecule called methylammonium). When these materials are combined to form a chalcogenide crystal structure, this is the material that can absorb more photons. When manufacturing solar panels, this material can be applied to tempered glass, which is cheaper for the industry, but solar panels made in this way absorb the sun’s spectrum very well.

Expansion of solar industry:

For some small solar manufacturers, the government can give appropriate support to expand the scale of solar manufacturers so that they can form commercial production in order to promote the development of solar technology, which will reduce the production cost of solar system components and make the use of solar energy more economically reliable.

Adoption of bifacial solar technology:

While conventional solar panels only have one side that can absorb sunlight, bifacial solar technology allows solar panels to generate twice as much power as regular solar panels. We first use silicon to make the connecting layer, and then add light-absorbing materials to both sides of the solar panel. In this way, a double-sided solar panel will be more efficient for the same area. Bifacial solar panels will be more expensive than regular solar panels, but the total cost of your solar system will be reduced when you determine your electricity needs.

Community Solar:

When your solar energy system is not getting enough light, your solar energy system will have a longer payback period, which makes your solar energy system less economically viable, and that’s when you can actually consider community solar. Community solar is to reduce your investment in the solar system by sharing the solar system with the residents to generate electricity, in which case the cost of the solar system will be larger. And generally this type of community solar is more efficient because they are usually built by the government in sunny locations.

CONCLUSION:

Having more efficient and economical solar technology is a key point in achieving sustainable development. We should all increase our support for solar energy utilization technology and continue to promote the development of the solar energy industry. In the continuous development of solar energy technology, there is a huge potential to make the utilization of solar energy more efficient and economical.