COST OF SOLAR ENERGY BALANCING TO LOW COST

Here is a list of five recent advancements in solar power that might change the world. Have a look.
1. Decrease in the prices of solar panels
One of the major causes for the slow development of the solar energy was its price. The solar energy gadgets were too expensive to be kept in stock. Till recently these devices were not a deal of a common man. Now as the technology has developed so much, the prices of these solar panels have come down remarkably. This recent development in the solar industry has resulted in a decrease in the prices of solar panels by 10-30%. Now it has become a deal of a common man and they can actually try using them in order to meet the energy needs of the family. We hope this technology keeps developing and we get to see more drops in price.
2. The development in the solar films will bring down prices
With the recent development in the technology and with the help of the huge investment by the leading countries and firms, the technology has resulted in the production of really cheap solar films. These cheap solar films can be effectively used to make out gadgets which will ultimately cost you low and will be powerful than what they actually were in the past. This new solar film technology is rapidly growing and is highly appreciated for its compact size and cheap price. The initial pricing of this film might cost you around $1 to $2/watt range.
3. Increase in the efficiency
The solar energy which was used earlier had really less efficiency and during those days the coal production was much cheaper than this green energy. But with the recent development, the technology has improved at a rapid scale and so has improved the efficiency of the devices. Efficiency is what matters the most in a device and the devices are mostly preferred on the basis of their efficiency. With this new development, the sun’s power is used to generate 20% more energy with the same device. That means if we use arrays of these solar devices, it would result in a good amount of energy.
4. Utility scale solar is blossoming
The solar energy awareness is increasing day by day and people have actually started going for this green energy. These days the solar energy is used on a large scale to produce energy. This energy can be used to meet the needs of the growing population and other basic needs. These days in desert areas the firms have started making a solar power plant by using arrays of solar panels arranged in particular shape to harness the most out of the sun’s energy. It is believed that this technology will take this solar energy utilizing process to a whole new level in the coming 5-10 years.
5. Increase in the prices of power

Power is getting expensive day by day and there is practically nothing that can be done to reduce it. But, still we have a green option to deal with this expensive energy production way. The traditional coal energy method has resulted in a great increase in price due to the less availability of coal in the world. Ultimately it has resulted in price hike in power and has left us with only one option which is solar energy. The solar energy can now be made to spread over big areas to harness the most out of solar energy which is one of the cheapest ways of producing power. This green energy not only produces power but also saves environment by producing zero emission and zero pollutants into the environment.