Coming Soon: Affordable Solar Power

Spectrolab, a division of Boeing, has developed a solar cell that converts 41 percent of the sunlight that strikes it into energy.

This solar cell can potentially bring the cost of electricity down to $3.00 USD per kilowatt-hour over the life of the panel. Currently, Hamilton’s hydro utility (Horizon) charges $0.055 cents per kilowatt-hour. The cost difference is huge but the efficiency is increasing. As recent as 1995, the record for a solar cell to convert sunlight to electricity was at 24 percent.

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