The plastic material uses nanotechnology and contains the first solar cells able to harness the sun’s invisible, infrared rays. The breakthrough has led theorists to predict that plastic solar cells could one day become five times more efficient than current solar cell technology.
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At a current cost of 25 to 50 cents per kilowatt-hour, solar power is significantly more expensive than conventional electrical power for residences. Average U.S. residential power prices are less than ten cents per kilowatt-hour, according to experts.

But that could change with the new material.

“Flexible, roller-processed solar cells have the potential to turn the sun’s power into a clean, green, convenient source of energy,” said John Wolfe, a nanotechnology venture capital investor at Lux Capital in New York City.