“By changing the way that conventional silicon solar panels are made, Day4 Energy, a startup based in Burnaby, British Columbia, has found a way to cut the cost of solar power by 25 percent, says George Rubin, the company’s president.
The company has developed a new electrode that, together with a redesigned solar-cell structure, allows solar panels to absorb more light and operate at a higher voltage. This increases the efficiency of multicrystalline silicon solar panels from an industry standard of about 14 percent to nearly 17 percent. Because of this higher efficiency, Day4’s solar panels generate more power than conventional panels do, yet they will cost the same, Rubin says. He estimates the cost per watt of solar power would be about $3, compared with $4 for conventional solar cells. That will translate into electricity prices of about 20 cents per kilowatt-hour in sunny areas, down from about 25 cents per kilowatt-hour, he says.”