A new report by iSuppli Corp. predicts that by 2013, 31% of the solar panel market will be accounted for by thin-film solar panels. These thin-film panels are rapidly replacing traditional crystalline photovoltaic panels.
Thin-film solar is being used in a variety of new applications, from solar roof shingles to solar tiles (like clay tiles) to solar panels glued right onto the roof. Its flexibility in use is one major benefit of this technology.
Lower cost is the number one factor responsible for its anticipated growth, but there are trade-offs as well.