Aspioneer (A): What do you think is the outlook for Solar Energy in the US Market?
Tim (T): Currently, the US solar industry employs about 250,000 people and generates tens of billions of dollars of economic value. By the end of September 2019, the US had deployed over 2 million solar PV systems, totaling about 71,300 MW of solar capacity, and generating over 100 TWh of electricity. A further capacity of 5 GW was added in 2020, despite the pandemic. Of all renewable energy generation, solar PV is expected to grow the fastest from now to 2050.
Total installed U.S. PV capacity is expected to more than double over the next five years as grid interconnection queues from California to Texas to the Mid Atlantic are full of solar projects. Thus, the US Bureau of Labor Statistics estimates that solar PV installer will be the fastest growing job between 2018 and 2028, with a median annual wage of over $42,000.
California and Texas themselves would account for almost one-third of new capacity. This shows the enthusiasm for the technology.
A: It seems there is great enthusiasm for solar energy in the market. So what is holding solar energy back? What are the biggest challenges faced by solar in the current market?
T: Today solar energy has reached the point where its growth is no longer constrained by technological capability. The biggest challenge hampering the adoption of solar technology on a massive scale are the soft costs. The availability of skilled workers, the laborious regulations, quality control, these are some of the biggest issues the industry is currently facing. The good thing is that these are solvable problems. It is a low hanging fruit which can be resolved by having clear and consistent engagement between the industry and the regulators.
A: The solar energy industry seems to be constantly changing. How is solar energy evolving from a technological perspective?
T: Technology shift in the solar industry has been taking place rapidly across the globe. Higher efficiency products are gaining market share, and costs are dropping quickly. The newer products are not only more efficient, but their benefits include longevity and the ability to reduce BoS (balance of system) costs.
Polycrystalline cells have peaked in terms of their achievable theoretical efficiency. Mono PERC cells have a much higher theoretical efficiency threshold, and there is still a long way to go before it is maxed out.
The next step up for solar cells would be n-type heterojunction technology (HJT) silicon solar cells. Heterojunction cell technology combines the advantages of crystalline silicon cells and thin-film technology within a single cell structure. This means efficiency levels of over 25% are now within reach. Where a conventional crystalline solar cell uses a single material, silicon, in an HJT cell, the junction is formed between two different materials: crystalline and amorphous silicon, with the junction, therefore referred to as a heterojunction. This creates numerous performance benefits compared to conventional cells.