For the solar industry to ever be compatible with electricity derived from fossil fuels it must achieve grid parity. Steps in this direction are being taken across the globe and there is a clear trend in decreasing costs for PV panels and installation, which means more and more consumers can afford to choose solar power for their homes and businesses. One of the key factors that will contribute to solar energy being able to profitably compete with fossil fuel generated power without government incentives or subsidies is technological innovation. Major technological advancements in solar energy generation will help make solar power not only cheaper but also profitable. In the last few years there have been three major developments in the field of solar technology that will continue to propel the solar industry forward.
Thin-Film Solar Cells