SolarCity says the rooftop panels it will make at a plant being built in Buffalo have been rated the most efficient in the world.
The San Mateo, California-based solar installer says Friday the new module produces 30 to 40 percent more power than a same-size standard panel. The company also says it can make the panels at “significantly” lower cost than similar technologies.
New York is spending $750 million to build a 1 million-square-foot manufacturing plant for SolarCity as part of Gov. Andrew Cuomo’s “Buffalo Billion” economic development program. SolarCity has committed to investing $5 billion over 10 years, hiring almost 1,500 workers at the plant for 5 years and employing at least 2,000 more people across the state.
SolarCity CEO Lyndon Rive (ryv) expects production to begin in the first quarter of 2017.