The efficiency of photovoltaic systems is within the technology plays a fundamental role in efficiency. According to a recent publication in Renewable Energy magazine, technological innovation increases the efficiency of photovoltaic modules by 1 to 2% per year.
Furthermore, technological development enables advanced energy monitoring and management systems, such as the integration of artificial intelligence and machine learning. These technologies optimize energy generation and increase system efficiency by up to 15%.
Technological evolution has also reduced the installation and operating costs of photovoltaic systems by more than 80% in the last 20 years. According to the International Renewable Energy Agency, the price of solar PV has fallen by around 99% since the 2010s.
Learn more about how technology is transforming the efficiency of photovoltaic systems by clicking the link below.
The role of technology in the efficiency and profitability of photovoltaic systems
