Re: 5 dollar gas...are we ready?
And there you have it - you just talked yourself out of solar-based energy as a viable replacement for all of our energy needs. If we're currently around 30% in efficiency, then we can only get a maximum of 3.33x better, but we're orders of magnitude away from viability. I'm not sure what other analogies I can use, but it's like you're trying to fill a swimming pool with a teaspoon and saying, "gee, if I only had a TABLESPOON (3x bigger), we'd be all set."
I assure you that this is not my problem with understanding solar - I'm one of the industry experts that the USAF turns to on matters of thermal efficiency in new aircraft designs. The problem is that we ARE close to the maximum efficiency - we're "only" 3x away from the absolute peak efficiency, but solar radiation is ~1000x too diffuse to be viable. Play around with the efficiency all you like and we still wouldn't get there. The problem that most people who favor solar have is that they usually only focus on replacing electricity generation (not total global energy usage), so they're only looking at a rather small, relatively easy part of the global energy problem - solar can't begin to scratch the surface of our current reliance on petroleum for transportation (land, sea, and air).
Congratulations. I'm sure the USAF also calls you when they want to discuss solar cells.
What you fail to even address is what the solar efficiency means. It's meaningless without production and varying fuel costs included in the discussion. Right now we're in the infancy of solar technology when compared to petroleum, coal, and natural gas. Solar isn't viable right now because the production costs are too high. New technology is reducing this cost while increasing the solar efficiency and decreasing the size of the collectors required.
Photon-to-electron efficiency is only one factor in the whole solar mess. All signs point to 50% as the magical number to where solar has the $/kW low enough to compete commercially with other sources. 30% is the breakeven point on a non-commercial, micro scale. This doesn't even include the solar concentration technologies. Between the miniaturization, better capture and concentration, and better transfer efficiency, it will become commercially viable. I would highly recommend reading some of the peer-reviewed articles of the latest advances in solar technology. It's moved well beyond the silicon-based technology we all know and love.
The biggest gains will be from the average household being able to generate their energy needs near the point of consumption. This would reduce the massive losses in efficiency that occur during transmission of electricity. Again, It's the localization that's going to be a huge benefit. So while this won't take care of all of our energy needs, it could act as a supplement to our energy portfolio in the near term and grow far beyond inclusion in just a "renewable energy sources" line item.
According to the EIA, residential energy consumption accounts for 22% of the energy
consumed in the US and commercial accounts for 18% of
consumption. In addition, 27% of the electricity
generated in the US is lost due to transmission. Let's just assume that the 40% scales with the electrical losses (11% of total energy generated). We're talking 32% of the electricity generated in the US that goes to residential, commercial, and electrical losses (to commercial/residential). That's a massive chunk of energy that could be reduced and not this meaningless chunk you reference. 32% is NOT insignificant. It's more than the 28% that goes to transportation within the US.
(See this graphic:
http://www.eia.gov/totalenergy/data/annual/pdf/sec17_5.pdf and this graphic:
http://www.eia.gov/totalenergy/data/annual/pdf/sec2_5.pdf ).
I would also recommend this:
http://www1.eere.energy.gov/solar/pdfs/47927_chapter2.pdf