Latest Advances in Solar PV Technology Could Make Solar Panels More Efficient and Affordable

solar farm-solar panel-solar PV system

The latest solar panels are made with a new PV technology that could make them much more efficient at capturing sunlight. Most of these PV technologies are still in their early stages of development, but they can potentially revolutionise how we generate and use energy. If these technologies are successful, solar panels could become the primary source of energy for our homes, businesses, and transportation systems.

Is solar energy suitable for your business? Solar energy has numerous advantages that are worth investigating. Investing in solar will minimise your operational costs, reduce your company’s carbon footprint, and prepare it for the future. A commercial property with a solar installation is excellent for business.

When installing commercial solar for a company, it is crucial to be informed of all types of federal government solar rebates, incentives and the many benefits these provide, as they may help Australian businesses become future-ready and sustainable for years to come.

Contact us today for up to 3 FREE quotations from commercial solar firms we’ve pre-qualified and vetted for their track record of delivering Australia’s best business solar systems.

Perovskite solar cells: A breakthrough in the field of solar energy

According to the European Solar Test Installation (ESTI), LONGi‘s perovskite/crystalline silicon tandem solar cells based on commercial CZ silicon wafers attained an exceptional 33.5% efficiency. This means that perovskite solar cells could be much more efficient than traditional solar cells.

In addition to being more efficient, perovskite solar cells are also much cheaper to produce than traditional solar cells. This is because perovskite is a much more abundant material than silicon, and it can be processed using less energy-intensive methods.

The development of perovskite solar cells is a major breakthrough in the field of solar energy. It suggests that solar panels could be made much more efficient and affordable in the future, which could make them a more viable option for generating clean energy.

Check out our page to learn more about the Breakthrough Perovskite Solar Cell News: Solar Panel Efficiency with Incredible Advancements.

Latest advances in solar panels

There are a number of other latest advances in solar panel technology that could make solar panels more efficient and affordable. Here are some specific examples of how these advances could make solar panels more efficient and affordable:

New materials: Organic solar materials or known as organic photovoltaic (OPV) solar cells and quantum dot solar cells (QDSC)  are two types of materials that have the potential to be more efficient than silicon for solar cells. Organic photovoltaics are made from carbon-based compounds, while quantum dot solar cells are made from semiconductor nanocrystals. Both of these materials can absorb a wider range of wavelengths of light than silicon, which could lead to higher efficiency solar cells.

opv-new solar material


Image&Source: NFREL-Organic photovoltaic (OPV) cells, transparent conducting oxides, combinatorial approaches, molecular modelling methods, and atmospheric processing are all areas where NREL has significant complementary research capabilities.

ANU 30.3% Perovksite-silicon tandem solar cells


Image&Source: Chemical&Engineering News- Light passing through a transparent electrode onto a photosensitive quantum dot layer causes electron-hole pairs to form. The process generates electric current if the charged particles separate and reach their respective electrodes.

New manufacturing techniques: Roll-to-roll manufacturing is a technique for manufacturing solar cells that is similar to the way that plastic film is manufactured. This technique is much faster and less expensive than the traditional method of manufacturing solar cells, which could lead to lower costs for solar panels.

New methods for improving efficiency: Stacking multiple layers of solar cells is a method for improving the efficiency of solar cells. By stacking different types of solar cells, the efficiency of the overall cell can be increased. This is because each type of solar cell absorbs different wavelengths of light, so by stacking them, more of the light can be converted into electricity.

These are just a few of the latest advances in solar panel technology that could make solar panels more efficient and affordable in the future. As these technologies mature, solar panels could become a more viable option for generating clean energy for homes, businesses, and utilities.

Why is solar panel efficiency important?

Solar panel efficiency is important in Australia because the country receives an abundance of sunlight. The more efficient a solar panel is, the more of the sun’s energy it can convert into electricity. This means that you can generate more electricity with fewer solar panels, which can save you money on the cost of your solar system.

In addition, efficient solar panels can help you reduce your reliance on the grid. This can be especially beneficial during periods of peak demand when electricity prices are typically higher.

The average solar panel efficiency in Australia is around 20%. However, there are some high-efficiency solar panels that can convert up to 22% of the sun’s energy into electricity.

If you are considering installing solar panels in Australia, it is important to factor in the efficiency of the solar panels. The more efficient the solar panels, the more money you will save on your electricity bills.

Here are some of the benefits of having high-efficiency solar panels:

  • You can generate more electricity with fewer solar panels, which can save you money on the cost of your solar system.
  • You can reduce your reliance on the grid, which can save you money on your electricity bills during peak demand periods.
  • You can help to reduce your carbon footprint and contribute to a cleaner environment.

If you are looking for high-efficiency solar panels in Australia, there are a number of reputable manufacturers that offer a variety of options. Be sure to do your research and compare prices before making a purchase.

Factors that impact solar efficiency

Australia is a country with excellent solar resources, and the efficiency of solar panels in Australia is generally high. However, there are a number of factors that can impact the efficiency of solar panels, including

The type of solar panel: The efficiency of solar panels can vary depending on the type of panel. Monocrystalline solar panels are typically more efficient than polycrystalline solar panels, and newer technologies such as heterojunction solar cells can offer even higher efficiency.

The amount of sunlight: The amount of sunlight that a solar panel receives will obviously impact its efficiency. Solar panels that are installed in areas with high levels of solar irradiance will be more efficient than solar panels that are installed in areas with lower levels of solar irradiance.

The temperature: The temperature of a solar panel can also impact its efficiency. As the temperature of a solar panel increases, its efficiency will decrease. This is because the heat causes the electrons in the solar cells to move more quickly, which reduces the amount of energy that is converted into electricity.

The orientation and tilt of the solar panels: The orientation and tilt of the solar panels can also impact their efficiency. Solar panels that are oriented towards the equator and that are tilted at an angle that is optimal for the time of year will be more efficient than solar panels that are not oriented or tilted correctly.

The shading: Shading from trees, buildings, or other objects can also impact the efficiency of solar panels. Solar panels that are shaded will produce less electricity than solar panels that are not shaded.

By considering these factors, homeowners and businesses can maximise the efficiency of their solar panels in Australia.

In addition to the factors mentioned above, there are a number of other factors that can impact the efficiency of solar panels, such as the quality of the installation, the age of the solar panels, and the level of maintenance that is performed. By taking care of their solar panels, homeowners and businesses can ensure that they are getting the most out of their investment in solar energy.

Read more about solar panels

Switching to a better plan? You may already have an energy plan but want more power or to shop for a better deal.

Energy Matters Free Energy Bill Comparator” is a cutting-edge energy comparator tool that allows you to compare your area’s most competitive retail offers. We collect the data from our wide range of trusted retailers, allowing you to decide about changing your plan.

If your goal is to get more electricity and minimise the cost of your gas and electricity bills, switch to a better plan now!

The future of solar PV technology is bright

The future of solar panels looks bright. As the efficiency of solar panels continues to improve, they will become a more and more attractive option for generating clean energy. Solar panels are already a cost-competitive source of energy in many parts of the world, and their cost is expected to continue to fall in the future.

As solar panels become more efficient and more affordable, they will play an increasingly important role in meeting our energy needs. They have the potential to provide a clean, renewable source of energy that can help us to reduce our reliance on fossil fuels.

Still can’t afford to switch to solar power?

Are you considering getting solar panels but are currently short on funds? You can still invest wisely, and Energy Matters can help you. 

Powow and Energy Matters have teamed up to provide consumers with an alternative to switching to solar power and battery storage. 

The biggest obstacle to installing solar and battery storage is typically finance. With Powow’s PPA and VPP, our customers will have a $0 upfront option and financial stability in the uncertain energy market.

Get up to 3 obligation-free quotes by getting in touch with us right away. Find out what payment plan options suit your needs and budget!

Get a quick solar quote, or contact us today toll free on 1800 EMATTERS or email our friendly team for expert, obligation-free advice!

Other Energy Matters news services: