The objective of this thesis is to develop low-cost high-efficiency crystalline silicon solar cells which are at the right intersection of cost and performance to make photovoltaics (PV) affordable. The goal was addressed by improving the optical and electrical performance of silicon solar cells through process optimization, device modeling, clever cell design, fundamental understanding, and minimization of loss mechanisms. To define the right intersection of cost and performance, analytical models to assess the premium or value associated with efficiency, temperature coefficient, balance of system cost, and solar insolation were developed and detailed cost analysis was performed to quantify the impact of key system and financial parameters in the levelized cost of electricity from PV.