Across the globe, communities are tapping into the clean, renewable solar power that hangs right above our heads.
Research from SolarPower Europe found that hybrid solar installations can reduce the levelized cost of electricity by 10% compared to facilities that rely on solar alone. Hybrid solar combines solar energy with energy storage or wind energy.
The advantages of a hybrid system are numerous: For one, the energy storage or wind power can provide a continual stream of power even when sunlight is not available. They are also efficient and waste little energy. Finally, they are renewable sources of energy that can save money in the long run.
SolarPower Europe’s report highlighted how the flexibility and reliability of a hybrid solar installation can lead to important cost savings.
Compared to the levelized cost of energy for coal in India and China, hybrid solar is “significantly more cost-effective in…
