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Concentrating Solar Power

Key Features of Growatt Hybrid Inverters

Solar energy is perhaps the most recognized off-grid electricity option. Photovoltaic (PV) panels convert sunlight into electricity, providing a renewable energy source that lasts as long as the sun shines. For homeowners, this means generating electricity during the day, with excess energy often stored in batteries for use at night or during cloudy weather. The decreasing cost of solar technology makes it an accessible choice for many, and with government incentives and rebates, the initial investment can be recouped fairly quickly through savings on energy bills.

Do you rent your house? Or do you live in a high-rise condo building? Not a problem. Community solar programs allow multiple people to benefit from a single, shared solar array. These arrays can be installed on your building or offsite in a different location. Purchasing costs and the installation of the solar energy system are then divided among all of the participants. All are then able to buy into the shared system at a level that best fits their budget. The portion you share can even be negotiated into the sale of your place should you move! 

Higher efficiency translates into more solar energy making its way to the grid, thus maximizing the economic benefits for the owner. This performance reliability ensures less energy is wasted in the conversion process, which is critical in maximizing returns on investment for solar energy installations.