Solar energy is the hottest thing in eco-living, and everybody wants in on it. People are installing solar panels in their homes, governments are creating smart grids and companies like Google want to run absolutely on renewable energy and help people do the same.

However, the more we start to depend on solar energy, the better solar panels have to become. That’s where the Osaka-based Kaneka Corporation steps in. It afresh presented a new silicon-based solar cell that has record high efficiency.

According to Arstechnica UK, the new silicon-based solar cell is able to accomplish beauteous 26.3 percent efficiency. The old record was a solar cell able of harnessing 25.6 percent of the energy of sunlight, but most bartering cells are closer to the 20 percent mark.

webrokNow this might not sound like a huge deal, but trust me, it is. The thing about silicon-based solar cells — which are frequently used in bartering solar panels — is that they have a abstract limit for energy conversion. This means that no matter how good the technology will become, it will never be accessible to go over 29 percent efficiency.

The new cells thus have an ability that has assuredly gone over the 90 percent mark of accessible energy conversion. That is huge news, abnormally since it is accepted that by 2050 solar energy will have become more than 20 percent of global primary energy demands.

This 2.7 percent access in efficiency can help abundantly to reduce carbon emissions if implemented on a large scale. It can also save homeowners a ample amount of money in the long run and will make it more cost-effective to install clandestine solar panels.

Kaneka Corporation has not begun accomplishment for the bartering market yet. The company’s advisers say that it will take some time before it is accessible to use the new cells in bartering solar panels. The aggregation will abide analysis and work on blurred levelized cost of solar cells down to 0.06 US dollars per kilowatt-hour by 2030.

Hopefully it will only be a matter of time until we reach best efficiency, but at least one thing is assertive — the future is  for solar energy.

Read next: Instagram assuredly offers two-factor affidavit for anybody