Boeing-Spectrolab has developed a solar cell that can convert almost 41 percent of the sunlight that strikes it into electricity, the latest step in trying to drop the cost of solar power.
Potentially, the solar cell could bring the cost of solar power down to around $3 a watt, after installation costs and other expenses are factored in, over the life of the panel. The new cost information comes from Boeing, whose Spectrolab unit supplies searchlights and solar simulators, and the Department of Energy, which sponsored the project. Current silicon solar cells provide electricity at about $8 a watt, before government rebates. The goal is to bring it to $1 a watt without rebates or incentives.
Solar cell breaks efficiency record – [Link]