The solar energy market is rapidly evolving and transforming Australia’s renewable energy landscape. With constant research and technological developments, you can expect to see solar energy centre stage in Australia’s energy landscape.
But what are the advancements and market trends? What does the future of commercial solar energy look like?
In this blog, we will shed light on the latest trends in commercial solar energy. So get ready to explore the technological advancements, market trends and future projects for small and large-scale businesses
One of the crucial commercial solar trends you will encounter is continuous improvements in solar panels’ efficiency and performance. With solar companies focussing on incorporating new materials and designs, solar panels will efficiently convert more sunlight into usable power.
For instance, the Monocrystalline and Polycrystalline PV modules deliver 22%-23% efficiency at the moment. However, manufacturers are looking for ways to incorporate new materials in panel construction, such as perovskite material that will shoot solar panels efficiency to 30%
With more people realising the importance of solar for business, the adoption of energy storage systems will become a new trend in the renewable energy landscape. Solar batteries allow you to store and utilise excess power generated by panels, offering you stable and flexible electricity.
Advanced storage solutions like solid-state and lithium-ion batteries will enable you to store power more effectively, adding to the reliability of solar panels for businesses.
Similarly, large-scale solar projects with power storage solutions will grow, creating a sustainable and resilient energy infrastructure.
Another trend that will shape the future of commercial solar is the adoption of Building-Integrated Photovoltaics (BIPV) by big and small companies. Unlike traditional solar panels that require excess space for installation, BIPVs enable you to replace existing building materials, such as windows, roofs, or facades, with photovoltaic elements.
This way, BIPVs will boost solar energy usage in urban environments without requiring extra space and even enhance the aesthetic appeal of your commercial space.
With the limited availability of land for large-scale solar projects, floating solar farms will emerge as a new and innovative trend. It will offer opportunities to use the water bodies, such as lakes and reservoirs, for installing floating solar farms without using valuable land space.
Moreover, by opting for these commercial solar trends, companies will effectively use underutilised spaces, especially in offshore locations and offer clean energy to areas that didn’t have access to renewable energy. Also, it will prevent evaporation and algae formation, saving water reservoirs in return.
With the Australian government’s focus on producing 40% renewable energy by 2030, more companies are following these commercial solar trends by committing to reach 100% renewable energy goals.
Thus, big and small businesses will opt for solar installation and enter into power purchase agreements with solar providers, reducing the carbon footprint and ensuring long-term savings.
Getting solar panels for commercial buildings looks costly to most of us. However, with the focus on a sustainable future and continued drop in prices of solar and other components, solar technology will become more affordable for businesses.
Similarly, the government offers federal and state-level incentives that will make solar energy more affordable, increasing the adoption of solar by both small and big businesses. It eventually improves their return on investment and shortens their payback period, making the future of commercial solar brighter.
Combining Solar energy with other technologies will give new dynamics to the future of commercial solar. With the emergence of new technologies like artificial intelligence (AI), blockchain, and the Internet of Things(IoT), you can expect to see better efficiency, performance and application of solar power.
For instance, the integration of AI and IoT offers real-time monitoring and maintenance of solar panel systems, enhancing the effectiveness and efficiency of panels. Similarly, blockchain technology will enable a peer-to-peer solar energy trading market by directly connecting consumers who generate excess solar power with those who require more energy. The use of this technology by commercial solar companies will facilitate direct and transparent transactions, encouraging more businesses and communities to switch to renewable energy sources.
Solar energy is rapidly entering the transportation sector with solar-powered charging structures deployed for Electric Vehicles (EVs). These commercial solar trends will support the growing EV market, reducing reliance on fossil fuels.
Moreover, manufacturers are innovating effective ways to integrate solar panels directly into your Electric Vehicles. So, it will enhance your EV range and reduce carbon emissions
The Future of Commercial Solar Energy in Australia is not just bright but revolutionary. With the technological advancements shaping the solar energy landscape and commercial solar trends entering the market, the commercial sector is ready for a solar-powered transformation.
By embracing these trends and opting for the technologies we mentioned above, you can effectively become a part of this sustainable future and enjoy cost-effective technology. red transformation.