Will Solar Panels Get Better With Time

Install solar panels at the right time.

Will solar panels get better with time.

Solar panels on northern roof. After decades of annual cost reductions as a result of government incentives and expanding manufacturing globally solar modules and panels are now cheaper than they have ever been. That means if you have panels installed on your northern roof the best time to utilise your solar electricity is anywhere from mid morning to the afternoon. Solar panel degradation rates are constantly improving as solar panel technology gets better over the years and degradation rates below 1 are common throughout the industry.

As the sun rises in the east and sets in the west the sun is at its strongest when it sits north in the sky at midday. In the years since this 2012 study was conducted more efficient technologies have been developed and many newer panels have just a 0 5 percent yearly decline in energy. It s a good time to take stock of the solar industry both taking a look at where it has come from and where it is headed. Solar technology will just keep getting better.

The very first solar cells invented in the 1800s were less than one percent efficient not nearly enough to make them a useful energy source. The most obvious variable is the upfront cost of the solar panel system itself. There are many variables that influence the total financial returns you can expect to see from solar over its lifetime.