1. The cost of solar panels continues to decrease, making it more affordable for homeowners and businesses to invest in renewable energy.
2. Many countries are setting ambitious targets for renewable energy adoption, with solar power playing a significant role in achieving these goals.
3. New technology is being developed to improve the efficiency and performance of solar panels, such as perovskite solar cells and bifacial solar panels.
4. Solar energy storage solutions, such as batteries, are becoming more widely available and affordable, allowing for greater use of solar power even when the sun isn't shining.
5. The COVID-19 pandemic has had an impact on the solar industry, with supply chain disruptions and project delays, but the industry is expected to recover and continue growing in the coming years