In the United States alone, over 1.36 gigawatts (“GW”) of photovoltaics (“PV”) or solar-based electrical generation capacity was installed in just the second quarter of 2015 resulting in over 24 GW of total installed generation capacity -- enough to power 5 million American homes. Thin-film PV, accounts for about 20% of total solar PV production and is increasingly dominated by building integrated photovoltaic (BIPV) applications.
The total building-integrated solar photovoltaic (BIPV) market (BIPV systems) is expected to grow from about $3 billion in 2015 to over $9 billion in 2019, and surge to $26 billion by 2022, as more truly "integrated" BIPV products emerge.
Coretec’s unique Si6H12 -derived materials may be used to make BIPV Si-based thin films at potentially lower productions costs with comparable or improved performance. Manufacturers of photovoltaic (“PV”) cells should see a significant cost savings in production of such solar cell devices because almost 67% of the cost of conventional crystalline silicon (“c-Si”)- based devices is in the conversion of raw Si into a Si-wafer (that is instrumental in producing a functioning solar panel).