Study of Solar System with Possible Modification to Increase the Efficiency of PV Panel

The present research paper work has been undertaken to study the feasibility, stability and commercial analysis of storing solar energy and using fins for reducing the PV Panel temperature as much as possible to increase the power generation and efficiency. PV cells convert a certain wavelength of the incoming irradiation that contributes to the direct conversion of light into electricity, while the rest is dissipated as heat. Only 15-20% of incident solar energy is converted into electricity. The remaining part of the solar energy is converted into heat, which causes heating of the solar cell in PV panels. The surface of the PV panels can be heated up to 40 °C above ambient temperature. Increasing the temperature of the solar cell causes drop of the electrical efficiency of a photovoltaic panel, Conversation efficiency of PV panel decreased by 0.4% to 0.65% for every increased degree of PV cells temperature.