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When are we going to develop solar panels that are more effective at catching the sun’s rays?

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Question by king.louis: When are we going to develop solar panels that are more effective at catching the sun’s rays?
Today in order to “complement” the electricity in the home you need to install large solar panels on homes, approximately 1300KW. Are we getting to a point where we will only need a small panel to feed our homes with the energy necessary to run all our appliances? When can we expect to see new solar technologies that are much more effective?

Best answer:

Answer by stamatis
Unknown. After a research during last months, I found today panels have approximately an efficiency of 15% (very low). NASA has make some experiments lead to a result of 25%. This because no solar panel use all wavelengths of light (colors) which the sunlight have a lot.
Today the most efficient way is steam produced indirectly from sun.

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