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Why the solar panel you put on your house matters

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With so many panels on the market, how do you choose the right one? Along with the decision to go solar, there are a few other choices you will have to make including who will install the system and how should I finance my new system? Potentially the most important of all those decisions will be what type of module will be on your roof.

Solar panels are rated by efficiency, which measures the percentage of sunlight that hits the panel and gets turned into electricity that you can use. The higher the rating, the less rooftop area is needed to accommodate your system. Most solar panels made today are crafted from similar materials such as multi-crystalline silicon and fall in the range of 11-15% efficiency. Another type of panel are the Mono-crystalline panels, which carry a higher efficiency and come at higher price, however, with the costs of solar coming down; they are becoming more and more popular.

According to an article written by Travis Hoium of the website MotleyFool.com, the more expensive panels make the energy less expensive. When Travis took numbers from SolarCity and SunPower and broke them down, including panel cost and BOS, or Balance of System, (costs like sales, wiring, permitting, and labor), he found that the overall cost of the high-efficiency system is higher, but the cost per watt is significantly lower. To put some figures to that, the system's overall cost was 18% lower per watt even though the panels are 54% more costly per watt. Thus your savings over the life of your system will be substantially greater with a higher efficiency pane

Global concentrated solar power market to reach USD 8.92 billion by 2025: Research and Markets

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Research and Markets in its new report predicts the global concentrated solar power market to reach USD 8.92 billion by 2025. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth.

Increasing clean energy adoption over non-renewable fuels is expected to drive the global concentrated solar power

over the forecast timeframe. Favourable government regulations towards reduction of carbon footprint and greenhouse gas (GHG) emissions will further enhance the business growth.

Growing electricity demand along with rising investments to augment the efficiency index will provide an impetus to the concentrated solar power market growth said the research firm. The Federal Government sponsored USD 9 million towards the research and development of six new CSP projects in the country, to reduce the total project costs though technological growth.

Substantial reduction in the component costs along with supportive government incentives like energy certificates, and carbon credits will expand the concentrated solar power market over the forecast period. Regulators around the world have been encouraging grid integration, making it an affordable alternative compared to non-renewable energy sources.

Concentrating Solar Power technology can store solar energy in the form of heat, even post sunset, which is perceived as the greatest advantage that it offers over all the other competing technologies. Reliable power supply coupled with flexibility in usage assist in bridging the demand supply deficit, currently faced by nations especially in the developing world. However, CSP technology is capital intensive as compared to other solar thermal technologies, as this may prove to be a restraint for the its adoption over the forecast period.

In terms of technology, the parabolic trough technology held over 75% of the global concentrated solar power market share in 2016. Matured technology coupled with affordable costs as compared to other forms of available systems will positively influence the growth of the concentrating solar power market over the forecast period said Research and Markets in its report . Power tower technology was valued over USD 955.5 million by 2025. Enhanced

At night, the DC energy stored in the natural power asiaPowerwall can flow back through the inverter getting converted into AC energy that is available for use in your home, thus providing you with clean solar energy around the clock.

heat storage ability, higher efficiency, and favourable capacity factor will augment the business growth.

Further key findings from the report suggest

1.The U.S. concentrated solar power market, in terms of value, will witness growth of over 18.9% over the forecast period. Favourable government initiatives like tax credits, installation cost subsidies among other benefits will augment the business growth.

2.In Morocco, climatic conditions are favourable to the growth of CSP technology adoption, in tandem with the existing pipeline projects. Morocco concentrating solar power market is expected to exceed USD 852.2 million over the forecast period.

3.Spain concentrated solar power market size is set to exceed USD 1.22 billion by 2025. Spain is the market leader with the maximum installed capacity in the world as of year 2017.