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Climate Change Enhances Rooftop Solar Value

May 17 , 2024 | 1266

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Groundbreaking research from the University of Michigan and Tsinghua University reveals that climate change will significantly boost the economic value of residential rooftop solar panels worldwide. By the end of the century, this value could increase by up to 20%, driven by higher savings on electricity bills due to increased cooling demands and enhanced solar panel performance from elevated solar radiation levels.

 

Key Insights

· Economic Value Increase: The value of rooftop solar is projected to rise by 5% to 15% by mid-century and up to 20% by the end of the century.

· Geographic Impact: Regions such as Miami and Orlando in the United States are expected to see the highest increases in solar value due to greater solar radiation and higher temperatures.

· Optimal Capacity Growth: The optimal capacity for solar installations is predicted to grow by 5% to 25% by the end of the century under moderate climate scenarios.


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With a typical rooftop solar installation lifespan of about 25 years, systems installed today will experience future climatic conditions. This forward-looking approach is crucial for maximizing long-term economic benefits and ensuring the sustainability of investments.

· Enhanced Savings: Increased cooling demands will make solar systems even more valuable, helping to offset rising energy costs.

· Larger Installations: Investing in larger solar capacities now can yield greater long-term benefits, ensuring higher efficiency and savings.

High-Impact Areas in U.S.

· Miami and Orlando: These cities are set to benefit significantly from increased solar radiation and higher electricity demands, making them prime locations for solar investments.

· Broader Impacts: While the study focuses on specific U.S. cities, the findings are globally relevant. Regions facing similar climatic changes can anticipate substantial increases in the value of rooftop solar.


Why Partner with Us?

Since our inception, Qn-SOLAR has quickly risen to the top of the PV manufacturing industry. Our senior team has more than 15 years of comprehensive expertise in PV technology and PV solutions. From 2014 to now, the installed capacity of our projects has reached 15GW. Our own asset of PV power stations have exceeded 1.5GW. Qn-SOLAR officially launched global PV business in 2022.Our headquarters is in Shanghai of China, and we have seven manufacturing bases in China. As a professional and integrated company, On-SOLAR has laid out various fields of PV upstream and downstream, including a combined annual production capacity of 69GW PV cells, 39GW PV modules in 2024. As a leading global photovoltaic manufacturer, we are dedicated to helping you navigate these changes with innovative technology and comprehensive support. Our state-of-the-art solar panels are designed to perform optimally even as climatic conditions evolve.

 

Contact us to learn more about Qn-SOLAR and how you can be a part of the solar energy revolution.


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