Panel Prices Drop, Solar Storage Skyrockets

Now that we have an understanding that we understand your tastes, we have some excellent news for you concerning the huge price drop in high-efficiency panels for this year. Also, we have caught indications that solar battery systems will be a viable solution for peak electricity demand.

Last year, there was much activity in the panel pricing market. Cped almost 40 percent. High-performance panels are shifting toward being highly economical. Also a notable market point last year displays that Monocrystalline panel costs fell from $0.72/Watt to $0.45/W.

That demonstrates a 37.5% decline. Monocrystalline panels ordinarily function about 10% more efficiently than polycrystalline panels due to the type of silicon used in construction and are normally about 6% more costly.

Meet Solar China

China is an impressive market influencer. They are the leading the globe for solar cell production, and have invested more in monocrystalline technologies, costs worldwide have responded. As a top producer, the price decline could be China’s “Top Runner Program.”

The program is a government incentive that sets a vital threshold for module conversion efficiency and subsequently has supported monocrystalline panel construction and costs reduction. Being in the business of supplying the market at a maximized profit margin, solar manufacturers are paying close attention to ways they can innovate.

These solar corporations realize both the potential of monocrystalline solar cells and the market demand for high-efficiency panels. New technology is a constant market supply curve shifter. With innovation comes shifts in supply and we may see a day soon where less efficient polycrystalline panels drop out of existence as customers lose interest in goods with reduced energy production as the similar price to high-efficiency choices emerge.

One thing is for sure, the continued shift toward lower costs exemplifies that there is still a lot of growth to be made in the industry, as more customers will demand a low-cost supply.

Ahead of Natural Gas Curve

It may come as astonishing to find out that solar panel power, paired with battery storage, is becoming the requested option for peak power supplementation. In recent news, First Solar won a bid with Arizona’s most significant utility to build a 65 megawatt (MW) solar farm connected to a 50 MW battery system.

On the other side of the country, in Florida, a utility just installed a battery system fueled by clean energy. And, it The Golden State, California, state regulators have brought PG&E in the fray to begin using non-fossil fuel resources like batteries rivaled with solar to meet peak demand. It is indeed an exciting time. Similar projects discussed previously have the ability to rival natural gas plants.

With solar-plus storage’s ability to meet renewable energy demands even during peak hours, they are now deemed as a fierce competitor. For the Arizona utility that chose First Solar, system electricity demand usually peaks between 3 pm and 8 pm.

The solar farm creates power and stores it in the battery system during the day, so that when demand peaks, the utility can depend on the stored electricity in the battery system to meet that need. This critical duo, Solar + storage is paving its way to a permanent fixture of states solar energy requirements.

All of this means savings for us all. As the solar source of this type of renewable energy system comes from the sun, we can imagine a future nation with little costs. This type of news should make the deal seeking, solar loving, news junkies jump for joy.

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