The solar power industry, like much commerce today, thrives on innovation and the drive to do more with less. Recently, one industry leader set a new standard when it announced a solar-panel technology with unprecedented levels of efficiency. In October, SolarCity announced what it describes as the world's most efficient solar panels, which reportedly achieved an efficiency rating of 22.04 percent. This surpassed the previous record holder manufactured by the company's rival, SunPower, by about 1 percentage point. The rating was reported by the Renewable Energy Test Center, a third-party certification testing provider. Although full production of the panels is a few years in the future, the company is already boasting that "the panel generates more power per square foot and harvests more energy over a year than any other rooftop panel in production."
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