In the early days, solar panel technology was rather crude and bulky. There were many types of storage tanks that had to be included and they took up so much room. It was difficult to invert the panel so everything ended up being too hot or too cold. There were heat exchangers and lots of modules. The efficiency wasn’t that great and the systems were extremely expensive.
The investment just wasn’t worth it. Now, solar costs have been adjusted because the systems aren’t nearly as big as they once were and they are not as complex. They have been estimated to have come down by as much as fifty percent in cost in the last ten to fifteen years. Not to mention that now there are incentives just about everywhere that helps to also offset the costs of the entire system.
Perhaps the best thing that happened to solar panel technology was redefining the module and its ability to collect sunlight and then efficiently relay it to the system without the home or business so it can be converted into electricity. Better materials were introduced and sleeker designs which led to reduced overhead in producing the modules. These savings of course are passed on to the end user which is the home or business owner.
Another thing that has helped solar panel technology to move along is that the U.S. Department of Energy became much more involved in the initiative to make this a much higher functioning way to produce electricity. The government has played a huge role in helping to identify the weaknesses of the modules and systems of the past and cash in on the strengths while making them stronger.
While it may seem backwards, the more people that are purchasing a product, the cheaper that product becomes to produce. That is the story with solar panel technology. In its infancy, there weren’t a lot of people that were participating in the program. They just weren’t installing the systems. This kept the prices high. Once more people got on board then the prices began to get lower. This has made it much more affordable for the average home or business owner.
Because of the lessons learned from past mistakes and missteps, solar panel technology today has gotten better and better. Research and development of different types of materials, wiring and other necessary solar power equipment equipment needed to build the entire system has been ongoing and the public at large is reaping the benefits.
As time goes on and research continues, it may be that the systems that are now being used will be antiquated and there will be a better way of producing photovoltaic energy. As more businesses and organizations as well as home owners convert to a greener way to produce electricity, the more money there will be and the more incentive that photovoltaic companies will have to continue to get better at what they do. This is how progress is made in any industry and this one is certainly no different.