So much for the old “solar is too expensive” dodge. Via ScienceDaily:
Researchers at RTI International have developed a new solar technology that could make solar energy more affordable, and thus speed-up its market adoption.
The RTI solar cells are formed from solutions of semiconductor particles, known as colloidal quantum dots, and can have a power conversion efficiency that is competitive to traditional cells at a fraction of the cost.
Solar energy has the potential to be a renewable, carbon-neutral source of electricity but the high cost of photovoltaics — the devices that convert sunlight into electricity — has slowed widespread adoption of this resource.
The RTI-developed solar cells were created using low-cost materials and processing techniques that reduce the primary costs of photovoltaic production, including materials, capital infrastructure and energy associated with manufacturing.
Preliminary analysis of the material costs of the technology show that it can be produced for less than $20 per square meter — as much as 75 percent less than traditional solar cells.