In this article, we’ll look at Residential solar power, Floating PV, and Agrivoltaics. Keep reading for more trends in the solar energy industry. Solar energy is gaining popularity throughout the country and is moving into new areas. What will be popular in 2022? Below are some predictions for the future of solar energy. We’ll discuss each of these trends in more detail. Let’s get started!
Residential solar power
Best Solar Installation Company Casa Grande AZhave been increasing rapidly over the past few years, resulting in a global increase in the number of residential rooftop installations. To meet this growth, many countries are focusing on increasing their residential rooftop target. In India, for example, the Ministry of New and Renewable Energy (MNRE) has set a goal of four gigawatts (GW) of solar rooftop installations by 2022. Last year, the annual capacity for residential rooftop PV installations was 2.8 GW. During the forecast period, the residential PV market is expected to continue its growth.
Integrated PV
Integrated PV systems will be the most common form of solar power in 2022. As raw materials become increasingly expensive, businesses are moving toward thinner, lighter, and more environment-friendly panels. Innovative startups are also developing new techniques for concentrating solar power using lenses and mirrors, which will help reduce energy usage while promoting resource recycling. These trends will help the PV industry achieve its long-term goal of doubling its overall output.
Floating PV
The emergence of floating solar farms has raised the prospect of installing renewable energy on a floating platform. Despite the fact that the technology is still in its infancy, it is already being utilized in various parts of the world. Floating solar farms are also cost-efficient since they do not require land. In countries that are experiencing high temperatures, the installation of floating solar farms may reduce drought risks and evaporation.
Agrivoltaics
Agilitas’s are a promising technology in which ground-mounted PV systems are used to generate solar power. This innovative method is being widely promoted by many European countries, such as Italy, which has pledged EUR 1.1 billion to increase agricultural PV capacity. In France, agrivoltaics have been promoted since 2017 with 48 projects planned by the end of 2022.
EVs
As more people buy electric vehicles, solar and wind energy are likely to be more prevalent. This push towards clean renewable energy is helping to reduce the environmental footprint of our society. Currently, the industry is struggling with rising raw materials costs and a lack of skilled labor. But in 2022, solar and wind energy are expected to experience significant growth. These trends are good for consumers, as they can save them money on their bills and lower their carbon footprint.
Costs of solar panels
The cost of rooftop solar PV is expected to remain flat or slightly rise in the coming years. However, it is important to note that the costs of solar panels are subject to change based on the government’s trade policies. Tariffs have caused solar costs to rise over the past decade. In 2018, the average consumer paid an additional 16 cents per watt, translating to a $960 increase for a six kW system. Fortunately, President Biden has put a pause on new tariffs until June 2022.
Demand for solar technology
While the COVID-19 pandemic has wreaked havoc on many sectors of the economy, solar technology has shown remarkable resilience. As solar companies continue to innovate and drive the industry forward, prices continue to fall. This creates fierce competition and propels the industry forward. Meanwhile, government policies are creating incentives for solar installations, which further increases demand. But how will solar technology fare in the future? Here are some predictions.