Solar photovoltaics can generate renewable energy. This renewable source of energy can bring down the wholesale cost of electricity and reduces the impact of clean power subsidies on the consumer bills. Just recently, the UK Government moved to cut the support for the solar power. This is to control the subsidies that are added to both household and business bills. As renewable energy source is free therefore, energy providers can provide cheaper energy for household and business use. The need to cut down the support for solar panels is unclear to the consumers as many types of research suggest that their inclusion in energy mix can bring their bills down. UK Government may have its reason for cutting the support for solar power, but one thing is definitely causing other countries to hold back in using solar panels. That is, solar panels are prohibitively expensive.
Recent years may have provided technological advances in terms of the photovoltaic cells’ efficiency in generating energy, and that the increase in energy production has brought down their cost. But solar panels remain relatively expensive. This is due to the costly silicon wafers that are used at the heart of solar cells are destroyed during the production. However, researchers of Fraunhofer Institute for Solar Energy Research in Freiburg, Germany have been able to develop a technology that cuts down the production losses to half and reduces the fabrication energy costs by 80% at the same time.
Silicon wafers require a lot of time and energy just to be made and its waste only adds to the expense. As silicon costs $17 per kilogram, there is at least, $9 worth of silicon that is being wasted in making solar cells as the process damages almost half of the silicon used. Fortunately, researchers of Fraunhofer says that they have found a solution in both waste and energy problems. According to the lead ISE researcher, 50% of the material lost will be reduced and 80% less energy will be used during the production process. This is great news for countries that are planning to ‘go green’ and reducing the use of fossil fuels as their main source of energy. As the sun is free and finding a cheaper and effective ways of utilizing the power it gives will allow a whole country unlimited and clean energy.
With the new latest innovation in the making of Solar panels, at least 20% of its cost will be reduced. This can greatly benefit consumers who are planning to use solar panels as their source of energy. The reduction of the cost of solar panels will enable the government to have greater plans for its people. Just like the UK Government and the 25% power generated by using solar panels, this has provided the country a preview of the consumer benefits to lowered energy bills in the future. Continuous support of the government to renewable energy will push energy suppliers to cut down their energy price and will drive down the cost of solar panels in the country.
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