Nanosolar: Power to the people
Cost has always been the burdening factor weighing down the mass application of solar technology at nearly $3 per watt. In order to compete with the energy produced from coal solar has been in need of finding a way to shrink its costs down to $1 per watt. Nanosolar's cells use absolutely no silicon as is the standard for current solar production and the efficiency of the PowerSheet cells are competitive with the traditional systems as well. The golden kicker, the cost to produce these solar coatings is a mere 30 cents per watt!!
Nanosolar has built what is soon to be the largest solar plant in world in San Jose and once full production begins early next year the facility is capable of producing a whopping 430 megawatts per year, more than the combined total of every other solar manufacturer in the U.S. The biggest problem for Nanosolar is keeping up with the impending solar boom. California recently launched the Million Solar Roofs initiative providing tax breaks and rebates to encourage the installation of $100,000 solar roofs per year for a solid decade. Thanks to the innovative approach Nanosolar is poised to launch the solar revolution and we the consumer stand to benefit greatly as the result.