Like any other new entrant into the highly competitive solar-panel market, perovskites will have difficulty taking on silicon solar cells. The costs of silicon solar cells are falling, and some analysts think they could eventually fall as low as 25 cents per watt, which would eliminate most of the cost advantage of perovskites and lessen the incentive for investing in the new technology. The manufacturing process for perovskite solar cells—which can be as simple as spreading a liquid over a surface or can involve vapor deposition, another large-scale manufacturing process—is expected to be easy. But historically, it has taken over a decade to scale up novel solar-cell technologies, and a decade from now silicon solar cells could be too far ahead to catch.

via A Material That Could Make Solar Power “Dirt Cheap” | MIT Technology Review.