What You Need to Know About Home Solar Energy
Overview
Solar energy, as the most abundant green energy source, can be converted into electricity for use in homes and commercial settings through solar technology. Solar power has many benefits to offer. Let's dive in to understand more.
Four Facts About Solar Energy
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Clean and Renewable
Unlike energy generated by nuclear power or fossil fuels, solar energy is completely clean and produces no harmful by-products. Homes powered by solar energy can be entirely self-sufficient, helping to hedge against power outages and reduce electricity costs. Moreover, as a renewable source, solar energy promises a stable supply of power for billions of years to come.
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Becoming Increasingly Competitive
The costs associated with major renewable technologies such as wind and solar PV are dropping significantly, making them competitive with traditional energy sources in more and more regions. Benefiting from economies of scale and innovation, renewable energy has become the most environmentally friendly and cost-effective way to power the world.
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Increasingly Efficient Solar Technology
Over the past eight years, the global solar market has grown at over 40% annually, achieving significant advancements in automation, production, and output. Most panels on the market today have an efficiency of 15% to 20%, meaning that they can convert 15% to 20% of the solar energy they collect into electricity. The steady increase in panel efficiency over the past decade is encouraging and has helped to lower costs.
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China's Unmatched Solar Potential Growth
It is expected that by 2026, China's installed capacity for wind and solar energy will reach 1200GW. By 2024, China is projected to have the world's largest installed capacity for home solar systems. Such growing patterns will support China's commitment to peaking carbon emissions by 2030 and achieving carbon neutrality by 2060.
Ready to Embrace Solar Power?
If you're looking to achieve energy independence, consider investing in a solar power system. CloudEnergy can offer expert advice based on years of experience in the solar industry. Tell us your needs, and we'll design a storage system that's right for you.