A: Modern solar panels typically last twenty to thirty years before there’s a noticeable increase in output loss. Most residential solar providers offer a 20- to 25-year warranty, but many such warranties only guarantee a certain power output (e.g., a guarantee of 80% output for twenty years). Carefully read through the fine print to make sure you understand the warranty and what it covers.
In 2014 global wind power capacity expanded 16% to 369,553 MW.[83] Yearly wind energy production is also growing rapidly and has reached around 4% of worldwide electricity usage,[84] 11.4% in the EU,[85] and it is widely used in Asia, and the United States. In 2015, worldwide installed photovoltaics capacity increased to 227 gigawatts (GW), sufficient to supply 1 percent of global electricity demands.[86] Solar thermal energy stations operate in the United States and Spain, and as of 2016, the largest of these is the 392 MW Ivanpah Solar Electric Generating System in California.[87][88] The world's largest geothermal power installation is The Geysers in California, with a rated capacity of 750 MW. Brazil has one of the largest renewable energy programs in the world, involving production of ethanol fuel from sugar cane, and ethanol now provides 18% of the country's automotive fuel. Ethanol fuel is also widely available in the United States.
Adam Schultz, a senior policy analyst for the Oregon Department of Energy, says he’s more encouraged than ever about the prospects for renewables. Because the Pacific Northwest features large-scale hydropower plants built as part of the New Deal, energy already tends to be less expensive there than the U.S. average. But solar and wind power have “gotten cheaper over the last couple years to the point that I can’t even tell you what the costs are because costs have been dropping so rapidly,” Schultz says. “We have enough sunshine,” he says (presumably referring to the eastern part of the state), “so it’s just a matter of time.”
There is more trouble with rated power: It only happens at a “rated wind speed”. And the trouble with that is there is no standard for rated wind speed. Since the energy in the wind increases with the cube of the wind speed, it makes a very large difference if rated power is measured at 10 m/s (22 mph), or 12 m/s (27 mph). For example, that 6 meter wind turbine from the previous section could reasonably be expected to produce 5.2 kW at 10 m/s, while it will do 9 kW at 12 m/s!
At the end of 2014, worldwide PV capacity reached at least 177,000 megawatts. Photovoltaics grew fastest in China, followed by Japan and the United States, while Germany remains the world's largest overall producer of photovoltaic power, contributing about 7.0 percent to the overall electricity generation. Italy meets 7.9 percent of its electricity demands with photovoltaic power—the highest share worldwide.[119] For 2015, global cumulative capacity is forecasted to increase by more than 50 gigawatts (GW). By 2018, worldwide capacity is projected to reach as much as 430 gigawatts. This corresponds to a tripling within five years.[120] Solar power is forecasted to become the world's largest source of electricity by 2050, with solar photovoltaics and concentrated solar power contributing 16% and 11%, respectively. This requires an increase of installed PV capacity to 4,600 GW, of which more than half is expected to be deployed in China and India.[121]
Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV), indirectly using concentrated solar power, or a combination. Concentrated solar power systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. Photovoltaic cells convert light into an electric current using the photovoltaic effect.[1]