The Breakthrough

Elon Musk’s SolarCity announced yesterday that is has created the world’s most efficient solar panel, with a 22% module-level efficiency. The closest rival has a 21.% module-level efficiency. The announcement also claims that the new panel was created via a proprietary process that it claims not only ups the performance, but significantly reduces manufacturing costs relative to other high-efficiency technologies.

The Implications

The gist is these panels promise to have a higher output at a lower production cost – and SolarCity says it is the most efficient solar panel at the moment, reducing waste – cuttings costs for both consumer and company and adding an attractive amount of power performance. Production is just beginning, but the company is expected to produce 9,000 to 10,000 solar panels per day when production is in full swing.

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