Is the Future of Solar Panels Still Bright During and After the Epidemic?

A large number of reports and data show that solar energy has been developing vigorously since it entered the market. Net solar power accounts for a growing share of each country's total electricity generation. 2018 and 2019 are two consecutive glorious years in the solar industry. With the large-scale expansion of public utilities and the steady increase in the popularity of residential solar energy, a large number of research reports predict that the solar energy industry will have higher growth in 2020 and 2021.

How Will the Solar Industry Show Its Advantage in the Next Year?

Utility-scale solar devices have always been the main target of solar energy in the developing process of this industry. A variety of new technologies have been invented and used in the solar industry so that the cost of solar energy is constantly reduced, thus effectively promoting the growth of this industry.

As is known to all, the main source of solar power is renewable energy. As renewable energy continues to be explored, the efficiency of solar energy is growing and rising dramatically. Energy experts further predict that renewable energy will grow by nearly 50% in the next five years. That means that by 2025, solar power may take the lead in the world.

This gratifying growth has enabled 3000 utility-scale solar plants to supply power to tens of millions of households, making people more deeply aware of the benefits of solar energy industry for residents' lives.

Why Are Experts So Optimistic about Solar Energy?

As the epidemic is getting worse in Europe and America, most people have to stay at home, which leads to a rapid increase in household energy consumption. Faced with dramatic increasing household expenses, more and more homeowners are willing to install rooftop solar photovoltaic systems.

According to the survey, more than 50% of homeowners are considering installing solar panels. Fortunately, less than 10% of them already own solar panels. This means that solar installers have a huge opportunity to expand this market.

In addition to the huge potential of the market itself, investors' positive attitude towards the prospect of solar panels is also a major driving force for the development of the solar industry. A variety of factors show that the solar industry is in a new decade of development. There is no doubt that the solar industry will continue to enjoy strong growth over the next 10 years and beyond.

Why Choose Luxen Solar?

In order to provide high power generation for utilities and residential solar users, Luxen has introduced intelligent photovoltaic solutions. The solution uses efficient bifacial photovoltaic modules, increasing the flexibility of the product and the Return Of Investment. Luxen will definitely bring you valuable solar panels.