Today’s current development of solar technology

Crystal solar cells are now competing with other developing solar technology including solar thin films. Other developments include wafer casting instead of sawing and sustainable printing processes. With an economic scale, diesel fuel costs are expected to fall because people install more solar systems. The manufacturer will increase production to meet increasing demand which will ultimately result in a significant price reduction.

In 2006, the Company developed a power purchase agreement that enabled consumers to hire a solar panel installation on a 25-year contract. Consumers then buy solar power from companies at fixed prices set at or below the utility price.

Other financial arrangements include innovative programs at Berkeley, CA which allows homeowners to increase the number of property assessments that allow the city to pay the panel installed in advance. The homeowner then pays more than 20 years at the same price as electricity bill savings. This allows homeowners to receive free installations at no cost to the city.

The average solar cell efficiency at this time is between 12 and 18%. By concentrating sunlight using reflectors and mirrors, 42% peak efficiency was achieved by DuPont scientists.

More money is needed to improve existing solar power technology and make a new form of battery storage. To move the country to a truly smart grid that heals itself at the time of power outages, there needs to be a shared effort to spend more for research and development. Beneficial renewable energy is not only for the average homeowner but everyone through reducing our carbon footprint and weaning ourselves from the dependence of foreign energy.

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