The idea that light can be turned into fabric (the process is more scientifically known as the “photovoltaic” effect) is nothing new, but the efficiency of the process has always been a little off. In the beginning, the first solar cell had a conversion efficiency of 1%. This means that only 1% of the light that is absorbed is actually turned into electricity.
Today, that rate has come a long way, about 40%. It really isn’t comparable (yet) to the way fossil fuels can generate electricity but there are a number of advantages to sourcing electricity from the sun than from fossil fuels, like being environmentally friendly and easily installed.However, the initial expense in creating the solar panel array can be quite high, especially if one buys a prefabricated panel, and become a victim of shameless profiteering. A single solar panel can go for around $500 to $800, with the most expensive parts being the solar cells (but only because you really need a lot of them). After the solar panel is up and working, maintenance cost is quite low.
The fabric is that an ordinary house will need more than just one panel.For every problem, there is a solution. The answer to lowering the costs of installing a solar panel would be to build one from the ground up.