GE was to make thin-film solar panels that could convert power from the sun to energy used for homes at a 12.5 percent efficient rate. And while that is 4-7 percent less than those panels produced in China, GE said that its strong point would be cost -- to be so attractive that homeowners could not refuse.
But that notion has been debunked, largely because the Chinese have churned out their conventional solar panels, forcing the price of thin-film panels to fall to such levels that companies here can’t cover their cost of production. GE’s plan is to now improve its technology over the next 18 months
Solar Getting Burned Again | EnergyBiz
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