Economic Optimization and Performance Enhancement of Rooftop Solar Power Systems Using Concentrated Solar Technology and Advanced Materials

Abstract: This research investigates the economic optimization and performance enhancement of rooftop solar power systems through the integration of concentrated solar technology and advanced materials. The aim is to assess the viability and effectiveness of these innovations in both residential and commercial settings. By focusing on improving energy efficiency and reducing costs, the study provides a comprehensive economic perspective on the adoption of these advanced solar technologies. Key aspects of the research include the evaluation of lifecycle costs, energy yield, and payback periods, offering insights into the long-term financial benefits and feasibility of implementing such systems. The integration of concentrated solar technology enhances the intensity of solar energy captured, thereby significantly boosting the efficiency of rooftop solar panels. Advanced materials, such as perovskites, multi-junction cells, and nanomaterials, are examined for their potential to improve energy absorption, durability, and overall performance of solar panels. The research employs simulation software to model the performance of these optimized systems under various environmental conditions, providing a detailed analysis of their energy output and efficiency.