The emergence of the new generation 500 W panels and how they will affect the solar industry:
It is no longer news that a new set of 500 W panels have been introduced into the solar market. What are the implications of this? Is the solar market going to readily accept it? Does it change the status quo for better or for worse? What really is the need for these new generation 500W panels? These and more questions have been asked as a result of Risen Energy and Trina Solar, two internationally recognised leading solar module manufacturers who have officially unveiled their pioneer 500 W, 72-cell PV modules, setting the pace for other manufacturers in the industry to follow.
In answering the question as to how the introduction of these panels would affect the Solar industry, Barry Cinnamon, CEO of Cinnamon Energy systems and Matt Kesler, Head of Technology at OMCO solar, stated that it’s a welcome development for the solar industry especially as it relates to cost effectiveness in the solar industry.
What This Means for Commercial Consumers
The new 500 W panels have been found to provide up to 31% more power than the regular 380 W which the industry currently uses. This is particularly more beneficial to commercial and large-scale industries with large work areas that have more need for power. They can now save costs by using fewer modules, and if there are fewer modules needed to run a particular application, it becomes really cheaper and more economical than the conventional panels.
What This Means for Residential Consumers
This impact on the commercial industries doesn’t seem to favour the residential solar market, however, as it is predicted that the introduction of the 500 w panels would be of little impact to them. Residential apartments need fewer solar panels than is already available and the introduction of the 500 w panels, the industry is simply giving them more than they can chew.
The only way around this will be a system where smaller modules of the 500 w panels are made available to residential consumers to suit their utility while also affording them the cost advantage that commercial consumers would enjoy.
The introduction of the 500 w panels seems to be a welcome development for the solar panel industry, especially if it can be adapted to suit both commercial and residential installers. It will, however, take some time for the industry to adapt to these new panels and accept them as standard for the industry.