The document discusses the potential of a new solar cell material called perovskite. Perovskite solar cells can be produced at low cost using simple solution-based methods. Research suggests perovskite solar cells could eventually reach efficiencies over 20%, comparable to existing thin-film technologies. Perovskite absorbs light strongly and transports electrical charges well. Its properties may allow solar cells that convert over half of sunlight to electricity. Researchers are working to improve efficiency and stability through material modifications. Perovskite solar cells could eventually lead to much lower cost solar power compared to current technologies.