As solar technology continues to evolve, its costs become more palatable to the average homeowner. American startup BlueDot Photonics is continuing that trend with a new formula for solar panels that uses a synthetic form of the mineral perovskite. According to BlueDot Photonics, its new panels are significantly more efficient, which means they'll cost less to provide you with the energy your home needs.
The team at BlueDot Photonics began its journey as a clean energy innovator in 2019. Per its website, BlueDot is "committed to finding new ways to harvest, manipulate and transform light using unique materials and simple manufacturing techniques." Its latest innovation offers both of these things in spades.
The synthetic perovskite material used in BlueDot's solar panels is relatively low cost, and it can be manufactured efficiently on a large scale. But that's not the only reason these new panels are more cost-effective.
BlueDot's synthetic perovskite solar panels will also incorporate the quantum dot technology created by UbiQD, an advanced materials company BlueDot acquired in February 2025. Quantum dot technology utilizes extremely small photoluminescent particles to maximize solar panel efficiency.
UbiQD estimated that the combination of synthetic perovskite and quantum dot technology can result in solar panels that are 16% more efficient. That added efficiency and the lower cost of perovskite can result in a 10% decrease in solar panel costs.
"This breakthrough has the potential to reduce the cost of solar energy generation and push photovoltaic performance beyond the theoretical limits of traditional silicon-based cells," BlueDot said.
For all of its benefits, upgrading to solar is still prohibitively expensive to many who are interested in sustainable energy solutions. By dropping the cost of solar power 10%, which can mean thousands in savings, the barrier to entry is significantly lowered.
By upgrading to solar, you can enjoy incredible savings on your utility bills. Average savings are estimated to be around $1,500 annually. On top of that, your home will be more resilient to extreme weather, and it will enjoy both increased value and heightened interest from prospective buyers.
The considerable upfront costs are often an impediment to solar installation, but BlueDot may be providing a solution in the very near future.
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