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In addition to multi-junction cells, the implementation of new materials and technologies has significantly contributed to increasing solar cell efficiency. Perovskite solar cells, a newcomer to the photovoltaic market, have garnered considerable attention due to their impressive performance and lower production costs. Since their discovery, perovskite solar cells have rapidly progressed from initial efficiencies of just a few percentage points to over 25% in a short span of time. Their ease of fabrication and potential for integration into flexible substrates open new avenues for solar energy applications, such as building-integrated photovoltaics (BIPV).
solar cell efficiency

Affordability is another crucial aspect driving the adoption of new solar panels. As manufacturing processes become more streamlined and scale increases, the cost of solar technology continues to decline. According to industry reports, the price of solar panels has decreased by over 80% in the last decade, making solar energy accessible to a broader audience. Governments around the world also support this transition by implementing incentives such as tax credits and rebates, further encouraging homeowners and businesses to make the switch to solar energy.
new solar panels

Solar power has transformed households across India over time. These solar power panels have brought in a ton of new utilities that have embedded the usage of renewable energy to a point where dependency and acceptance of solar-powered devices are at their highest. There have been several positions of advantage that have increased the uses of solar power applications, not just in lighting but across different devices and daily use cases. Read on to learn more about the uses of solar energy at home.