Current solar cells have approximately 20 percent efficiency. Unless this solar cell is extremely cheap, I think this is a long way from practicality.
http://upload.wikimedia.org/wikipedia/commons/a/a4/PVeff%28r... - graph of best research cell efficiencies
EDIT: "The researchers estimate that if the technology can be taken beyond its basic state right now and achieve 12 percent efficiency, it could be an economically viable alternative to current products." - from CNET news http://news.cnet.com/8301-11128_3-10451641-54.html