PV solar panels are expected to provide almost a quarter of the globes electricity supplies by 2050, according to a report published by the International Energy Agency (IEA). With the right policies in place, the IEA says that Photovoltaic solar panels on domestic and commercial buildings could compete with fossil fuel electricity supplies by 2020. By 2030 the IEA anticipate pv solar panels will provide about five percent of global electricity.
In April this year, the UK Government introduced the Feed in Tariffs Scheme (FITs) to stimulate growth in the UK PV solar panel market. The scheme promises cash rewards to homeowners, businesses and communities who install solar technologies, and the Renewable Heat Incentive Scheme which begins next April, promises to pay householders to a guaranteed income from installing solar heating panels too.
11% of total supplies are predicted to come from solar panels on homes and offices while a further 11 percent will be provided by central solar power stations feeding clean electricity to populous areas.
Stuart Lovatt from Heat my Home believes that solar power is a viable combination with fossil fuels.
“Realistically, I think solar power has quite a bright future. I’ve seen predictions before and they are becoming more and more bullish as the technology develops. Countries like Germany, Spain and Belgium have embraced PV solar panels and are already reaping the rewards, but solar panels perform very well in the British climate too so there’s no reason why UK home-owners shouldn’t benefits of solar”.
“Solar power’s time is starting to come, and we are seeing the begins of a new solar powered century”, Lovatt adds.
Whilst the benefits of solar Photovoltaic s are well documented, the opportunity extends far beyond the market for household systems.
The FITs also provide opportunities for integrating PV into buildings, as a way for building owners to generate their own power, utility companies to meet their ‘Renewable Obligation’, and for not-for-profit organisations to help cut fuel poverty. However, to boost solar PV in the UK it’s essential to create new ‘green’ jobs along the supply chain and build the infrastructure to support the growing low carbon economy.
The UK’s solar industry is still in it’s infancy, but with these new incentives and rewards in place, the growth of the solar industry is expected to sharply rise and give our country a fighting chance not only with global trade in green technologies but also with environmental issue’s.
Source - Heatmyhome
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