When you have to decide if you want to use solar panels or concentrated solar power there are different things to consider. Photovoltaic (PV) panels are more marketable and available to end-users. However, concentrated solar power (CSP) is considered more cost-effective than photovoltaic panels. CSP can convert 60-80% of the sun’s rays to electricity while PV panels can only convert 10-15% of sunlight to grid compatible electricity. PV panels’ energy generation can be scarce as it is limited to the amount of sunlight whereas CSP reigns supreme especially in desert locations. On the other hand, the simplicity and availability of PV panels make it a more viable solution than CSP that is yet to make its mark on the market.
For answering the question of using either solar panels or concentrated solar power it might also be helpful to know that heat is often stored easier and cheaper than electricity. Molten salt could for example be used especially when setting up a bigger plant. With the progression of solar energy technology, there is a great possibility of combining PV panels with CSP technology as demand for green energy increases steadily in different parts of the world.
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