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Today, PV cells account for a significant portion of the global renewable energy landscape. According to the International Energy Agency (IEA), solar PV capacity reached over 900 gigawatts (GW) by 2020, making it one of the fastest-growing energy sources worldwide. The increasing affordability of solar technology has made it accessible to consumers and businesses alike, with costs dropping by more than 80% since 2010.
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There are various types of solar panel systems available, including grid-tied, off-grid, and hybrid systems. Grid-tied systems are the most common, allowing homeowners to use solar energy while remaining connected to the electricity grid. This setup enables them to draw energy from the grid when necessary and even sell excess energy back to it, often benefiting from net metering programs.
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