Cheap solar panels could get cheaper and more efficient

Solar energy is great. As long as the sun is out, and your panels are aimed in the right direction, then you are making power. One of the limiting factors for solar panels for sale on the market today has been the efficiency at which they gather light. Up until this point the best solar panels gather about 30% of the light that hits them. According to IDTecEX, a new type of flexible solar panel is being designed at the University of Missouri that can collect up to 90% of f sunlight. That is impressive.

The cells will use a different type of cell made of of circuits and antenna to collect both sunlight and heat.  They are also currently designing a manufacturing process will will allow the solar panels to be produced cheap and in large quantities. The goal for the project is to have the cells available within 5 years.

So what does this mean for us? Cheap solar panels are already starting to show up on the market. With more types available the prices will go even lower. Also, as the efficiency of the panels gets better, each house will require fewer and fewer panels. At 90% that is triple the current panels ability to make electricity which means you will only need one-third of the panels that are currently needed.

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