One of the popular renewable energy trends, solar power offers a highly valuable return on investment, both financially and for environmental sustainability and public health.
Solar power is a renewable energy source that can provide light, heat, and other electricity-dependent needs in buildings and homes. The US Department of Energy projects that by 2030, rooftop solar PV systems will be used in approximately one in seven American homes, thanks to the increase in solar power demand that has helped drive down costs.
Using solar power can reduce reliance on fossil fuels that emit carbon gases, which harm humans, wildlife, and the ecosystem. Solar power is also a cost-effective and reliable energy source that saves you money in the long run, promotes energy independence, and creates jobs, spurring economic growth, among other benefits.
This article will focus on solar power and the latest renewable energy trends, delving into the future of energy.
The Growing Importance of Renewable Energy Trends
Fossil fuels such as gas, oil, and coal cause most of the global climate change. They produce over 75% of global greenhouse gas emissions and roughly 90% of all carbon emissions.
We need to reduce carbon emissions by half by 2030 and eliminate them by 2050 to avoid the worst effects of climate change. The only way to do this is to stop using fossil fuels and invest in renewable energy sources such as wind, waste, and water.
Renewable energy sources are clean and green. They use nature’s power and release little to no carbon gasses or pollutants into the air. Renewable energy trends show that more people are choosing cleaner energy sources for their electricity needs. They now make up around 29% of global electricity production, while fossil fuels still dominate with over 80%.
However, we need to do more.
Governments and other key players in the energy sector are urging everyone to embrace renewable energy sources and save the planet.
We have a big challenge ahead of us. We need to invest about $4 trillion every year in renewable energy until 2030, including infrastructure and technology investments. This will help us reach net-zero emissions by 2050 and follow the renewable energy trends.
Solar Power: A Game-Changer in the Energy Industry
Solar radiation is the light that the sun emits. Solar technologies capture this light and turn it into a useful energy form. There are two main types of solar technologies: photovoltaic (PV) and concentrating solar thermal power (CSP). You probably know PV cells as the common solar panels.
PV Solar Renewable Energy Trends
The PV cells in the panels absorb the sunlight that hits them. This creates an electrical charge that moves because of the internal electric field in the cell. This movement generates electricity that can be used in buildings and homes.
CSP Solar Renewable Energy Trends
CSP systems use mirrors to reflect and concentrate sunlight onto receivers. The receivers collect the solar energy and turn it into heat. The heat can be used to generate electricity or stored for later use. This system is mainly used in large power plants.
Renewable Energy Trends: Advantages of Solar Power
Solar power is an inexhaustible resource coupled with silent and versatile efficient technologies. One of the main advantages of solar power is that it’s self-generating and can be used anywhere in the world. These advantages will only increase in the future.
Other benefits of using solar power include the following:
- Solar energy reduces the reliance on fossil fuels
- Solar power can be used anywhere
- It reduces carbon emissions
- Solar power reduces electricity bill
- It can get you money back via Solar Renewable Energy Credits (SRECs)
- Solar panels improve home value
- Solar panels have low maintenance costs
Key Trends Shaping the Future of Solar Power
In an attempt to reduce the reliance on fossil fuels, reduce carbon efficiency, and provide clean energy, a lot of effort has been directed to the future of solar power.
Solar power is accessible everywhere, and key renewable energy trends are emerging and shaping the future of solar power, which will only improve. These trends include storing solar energy, solar panel innovations, and using portable solar generators.
Renewable Energy Trend 1: Solar Energy Storage
Battery energy storage devices are becoming more important for solar power. They help to keep the solar power efficient and reliable for a long time. They also help to avoid disruptions in the electricity supply from renewable sources when there is not enough sun.
Solar power companies are developing better solar storage kits to meet the growing demand for battery energy storage. The global energy storage capacity is expected to grow by 56% in the next year and reach 270 GW by 2026. Some examples of solar storage kits are the EcoFlow Delta Pro 3600Wh Smart Extra and Renogy 12V/200Ah LiFePO4 Deep Cycle batteries.
Lithium-ion batteries are the main technology for storing energy on a large scale. They are safe and durable. Flow batteries are another technology that is gaining popularity. They have a longer life cycle than lithium-ion batteries and can store unlimited energy.
Home energy storage solutions are also becoming more popular.
For example, more people are using solar power banks to store their own energy from solar panels. The residential solar energy storage market is expected to be worth $27.45 billion by 2030, according to research.
Renewable Energy Trend 2: Solar Panel Innovations
Traditional rooftop solar panels or solar farms in the desert are the most common types of solar panels. They have been the main solar technology for years, but new innovations have changed the game.
These new trends have made energy production more efficient and attractive. Thin-film solar, solar windows, solar balloons, microinverters, hairy solar panels, infrared spectrum solar panels, solar skins, and more are some of the inventions that make the future of solar power bright.
Flexible solar panels are one of these innovations.
They use thin solar skin to create different sizes and shapes of solar panels. They are not like the standard, rigid, rectangular, glass-encased solar panels that you see on rooftops. They are more flexible and easy to install and use in various applications.
Flexible solar panels are also lightweight, affordable, and versatile.
For example, you can use flexible solar panels like the BougeRV 200W Thin Film Flexible and the Rich Solar 80W 12V CIGS Flexible Solar Panel for boating, camping RVs, hiking, or as alternatives to rooftop solar panels.
Renewable Energy Trend 3: Portable Generators
Portable solar generators are power stations that use portable solar panels to charge a battery. The battery stores the power and can run or charge other devices. They are a combination of a solar panel and a power station. They are also good for off-grid use and reduce fossil fuel use.
Why are portable generators trending? Bad weather and natural disasters. People can use them at home when there is no electricity from the grid. They are also light and cheap, good for emergencies, outdoor activities, and off-grid living.
Some examples of portable solar generators are the EcoFlow 1800W Dual Fuel Smart Generator and the Bluetti AC200Max + 3x PV200 Home Battery generators. These renewable energy trends have advanced features such as real-time monitoring and control, smart safety kit, and fuel efficiency.
Overcoming Challenges in Solar Power Implementation
Solar power is among the leaders of renewable energy trends, but it has proven its value in improving efficiency, lowering costs, and enhancing health. This technology, along with the latest battery storage trends, will transform the energy sector.
However, some challenges hinder solar power implementation. How can we overcome these challenges?
The main solution is to promote renewable energy use and offer incentives to consumers. This is already happening, but we need to do more to make solar panels affordable for every home.
The Residential Clean Energy Credit has attracted homeowners to solar power for ten more years. Renters who cannot change their homes, however, have limited access to solar power.
We need to prioritize community solar programs that enable more people to use solar power.
Common Concerns and Misconceptions About Solar Power
Despite renewable energy trends, some homeowners are reluctant to use solar panels because of the myths they’ve seen or heard online. Most of these include the following:
Myth #1 Solar Power Works Only When the Sun Is Shining
Solar panels can store excess energy in batteries or feed it back to the grid. This way, solar power can be used even when it’s cloudy or dark.
Myth #2 Solar Panels Are Not Efficient Enough
Solar panels have improved a lot in efficiency and performance over the years. Modern solar panels can convert up to 20% of the sunlight they receive into electricity, which is enough to power most homes and businesses.
Myth #3 Solar Panels Are Too Expensive
Solar panels have become more affordable and accessible over time. The cost of solar panels has dropped by more than 80% since 2010, and there are many incentives and financing options available for solar installation. Solar panels can also save money on electricity bills and increase the value of the property.
Myth #4 I Need To Own a House To Go Solar
This is false because there are other ways to use solar power without owning a house.
For example, renters can join community solar programs that allow them to share the benefits of a solar farm. They can also use portable solar generators that power their devices and appliances anywhere.
Conclusion: Renewable Energy Trends 2023
Solar power and other renewable energy sources are becoming more popular because of global warming and fossil fuel problems. Solar energy is a new technology in the energy sector, but it has a lot of potential.
Many people are using solar energy because it has many benefits. It lowers utility bills, it is safe and clean, it increases home values and ROI, it can be used anywhere, and it never runs out.
The future of solar power is bright with the new and emerging renewable energy trends. Solar energy storage, portable generators, and solar panel innovation are some of these trends.