Solar PV technology has advanced rapidly in recent years, leading to significant cost reductions in module manufacturing. Increased efficiencies, new materials and innovative cell designs have enhanced performance while lowering production costs. Major technology upgrades, such as the transition from polysilicon to monocrystalline silicon cells, enabled higher conversion rates with improved economics. Ongoing R&D in perovskite and other thin-film technologies also promise further efficiency gains at lower costs in the future. Get More Insights On Solar Photovoltaic (PV)