As more people seek alternative energy sources, the need for quality renewable energy continues to grow rapidly. Growing interest is also being driven by a greater awareness of the environmental and economic benefits of converting sunlight to energy to power homes. As a result, industry insiders are calling the next 10 years the ‘Solar Decade’.
Growing demand for solar
In Europe, 2021 was the best year ever for solar energy1
Walburga Hemetzberger, ”2021 was a record-breaking year for European solar, now we must increase ambition”, PV Magazine, https://www.pv-magazine.com/2022/01/12/2021-was-a-record-breaking-year-for-european-solar-now-we-must-increase-ambition/, (accessed July 2022)
, surpassing the installation record of 2011. In the US, the same year, solar accounted for 46% of all new electricity-generating capacity added2
Solar Energy Industries Association, “Solar Market Insight Report 2021 Year in Review." https://www.seia.org/research-resources/solar-market-insight-report-2021-year-review , (accessed July 2022).
. As standalone statistics, these figures are encouraging, particularly since solar is relatively new compared to other forms of energy.
As recently as 40 years ago, solar cells were only being used on satellites. Fast-forward to now, inventors have been advancing solar technology for commercial and private use, and improvements in efficiency, reliability, durability, and aesthetics keep coming.
Advances in solar technology and efficiency
Modern solar panels are converting more and more of the energy from the sun into electricity for homes compared to their early counterparts. The good news for consumers is that the more energy a single panel converts, the fewer rooftop panels a home will need.
Of course, how much power output a home needs depends on many factors, including how much electricity a homeowner uses and how much of their home they want solar panels to power. But one thing is sure: advances in solar technology mean greater solar panel performance and maximum power output.
Strong track record of solar innovation
Our panel technology has been setting records in solar innovation since 1985. It was designed by innovators whose engineering challenge was to figure out how to make solar cells more cost-effective.
So began a quest that, almost 40 years later, has resulted in best-in-class technology and smart energy solutions for residential, commercial, customers who benefit from the longest warranty in the solar industry.3 Maxeon solar panels are backed by a 40-year warranty. Subject to terms and conditions. Not available in all countries. 40-year warranty requires registration, otherwise our 25-year warranty applies
As a leader in sustainability, Maxeon invests more in R&D than any other solar company, engineering panels unmatched in efficiency and reliability that are rigorously tested in real-world conditions.
Powering the transition to solar energy
Built from 35 years of boundary-pushing solar DNA, Maxeon’s products and solar solutions span the globe, thanks to our trusted network of more than 1,700 partners and distributors. And as pioneers in sustainable solar manufacturing, we have enabled more than one million customers to positively impact the world by transitioning to solar energy.
What’s stopping you from joining the transition?