[jnw2]

Which of efficiency or price/watt matters more depends on the application.

For example, I believe something like 4 m^2, 40% efficient, 8 hours of charging is enough to get electricity to drive a Tesla something like 30-40 miles. (In practice, I assume you'd cover all of the outside of the car with 40% efficient solar panels to make this work (or maybe even 80% if you can figure out how to build them), and then 4 m^2 approximates the effective useful area after you take into account suboptimal sun angle, the side of the car facing away from the sun, etc.) The number of people whose commutes could be entirely covered by 40% efficient solar panels built into the car being used to recharge the battery is a lot more than the number of people whose commutes could be covered entirely by 12-15% efficient solar panels. Current mass produced technology doesn't make any variation on this cost effective today, but it seems clear that in the future, a 12% efficient panel array built into a Tesla is never going to be all that attractive for this application no matter how cheap it might become.

I suspect that high rise apartment buildings can cover a much larger percentage of their energy consumption from solar panels mounted on their sides and roof if those solar panels are 40-80% efficient instead of 12-15% efficient. If localized solar right next to the consumer of the power becomes cheaper than paying for electric grid transmission, this may become very relevant in 10 or 20 years.

Even for residential suburban solar installation, where finding adequate space for an adequate quantity 12% efficient solar panels is generally not a problem, the really important thing is not the price per watt of the panels themselves, but the price per watt of the system as a whole. The mechanical support of the panels is a part of the system cost, and the cost of that portion will shrink with more efficient solar panels, though of course there is an open question as to whether that will end up lowering the total system cost or not in the long run.

[MikeCapone]

Absolutely. I should have been more precise.

I think that for maximizing the amount of electricity generated via solar power, price/watt matters most.