Abstract
The significance and benefits of using solar energy for making use of power
are notable. Still, the pace of introducing photovoltaic panels for creating power in
domestic and private enterprises is still low. The explanation is the high establishment
cost of the Photovoltaic arrangement, decreased productivity of the as-of-now involved
solar panels and the huge space required for introducing solar panels. In this chapter,
the authors have proposed an innovative Photovoltaic arrangement that resolves the
previously mentioned issues. The proposed innovative multi-layered Photovoltaic
model integrates nanotechnology with the present model of the panel. Various
nanocomposites and nano polymers are compared, and the best-suited one is used to
propose a novel solar panel with the help of nanotechnology. It was found that the
integration of nano-technology improved the transmission rate of sun rays in the
proposed panel. Lastly, a detailed comparative analysis between the existing
Monocrystalline panel and the proposed set-up is done. It is found that the technical,
economic and environmental performance of the proposed Photovoltaic Set-up
exceeded that of the existing technology