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The solar power question has always been an economic one: how much will it cost to "go solar?" The answer for many years has been a simple one: investing in solar equipment has a twenty-year payoff, give or take a few years.
This breakthrough could change all that, bringing the solar payoff into the 3 - 5 year range. At that point, solar power suddenly makes good economic sense. It might even attract the kind of investment necessary to create large-scale solar farms that feed power into the grid at a fraction of the cost of coal, wind or natural gas.
But is all this for real? That will take time to see. Without question, there's a tremendous amount of research focused on solving the solar power economic conundrum, and it's only a matter of time before someone comes up with a way to manufacture solar cells that have a much higher performance-to-cost ratio.
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