In 1977, the cost of solar panels was US$76.67/watt and today, it is just US$0.613/watt
Chasing Efficiency in Solar Energy Sector
Pradhnya Tajne | Transparency Market Research
Private and public organizations in the renewable energy sector around the world have been involved in intensive research to drive up the efficiency of solar panels. In the past 30 years, we have seen firms come up with several innovations that have gradually boosted the efficiency of solar panels. Organizations have been developing new technologies based on novel solar cell architectural designs and innovating materials that provide more efficient energy conversion. These efforts have reduced the price of solar power significantly. In 1977, the cost of solar panels was US$76.67/watt and today, it is just US$0.613/watt.
References:
- http://www.forbes.com/sites/quora/2013/11/04/why-are-solar-panels-so-inefficient/
- http://phys.org/news/2015-10-boosting-efficiency-solar-panels.html
- http://cleantechnica.com/2014/09/04/solar-panel-cost-trends-10-charts/
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About Pradhnya TajnePradhnya is a creative and self-driven writer with over seven years of experience. Currently, she works as an Assistant Content Manager, with a focus on the renewable energy domain, for Transparency Market Research. Through her writing, she sheds light on clean alternative energy projects. |
The content & opinions in this article are the author’s and do not necessarily represent the views of AltEnergyMag
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