Perovskite solar cells are a new type of cell that are replacing the silicon based ones. Perovskite compounds generally consist of a hybrid organic-inorganic lead or tin halide-based material, which are cheap to produce and easy to manufacture. As of 2016, the solar cell efficiency rate has risen to 22.1% - an all time high - from 3.8% efficiency back in 2009. Perovskite solar cells have gained mass appeal from a commercial standpoint because of their potential to reach even higher solar efficiency and their substantially low production costs. Companies are planning to release perovskite solar cell modules to the market by 2017. These new forms of solar cells are beneficial to basically everybody because they're a new and cheaper form of renewable energy - hopefully meaning it's affordable for most people to purchase. With the establishment of these perovskite cells, their effects should reduce the amount of global warming occurring, which will save the earth in which we inhabit.
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