New solar power technology is in the works and could soon be coming to Hudson Valley homes and business.

Con Edison showcased hybrid solar panels at its Spring Valley offices, producing electricity and harnessing thermal energy for heating/cooling.

"The idea behind the technology is to provide all energy needs with one equipment. Utilizing the solar power and utilizing the waste heat recover under the solar power which makes solar panels 90% efficient compared to typical 20% efficiency for conversion on solar panels," says Silvia Khurrum, of Con Edison Research and Development.

The company hopes to make this technology available to customers in a few years.