The disclosed technology describes methods and devices for generating electricity and heat using a parabolic solar panel which employs photo-voltaic and photo-thermal technology. Embodiments include forming a flexible substrate into a parabola. A plurality of flexible photo-voltaic cells is disposed in a grid pattern over the interior surface of the parabola. Photo-reflective mirrors are disposed on the parabola's interior surface in areas not occupied by photo-voltaic cells. A copper pipe is positioned to coincide with the parabola's focal line, so that light rays reflected off the parabola are focused on the copper pipe. Inflow and outflow tubes are attached to opposite ends of the copper pipe. Water or other heat absorbing liquid is circulated through the copper pipe where the liquid absorbs thermal energy of the sunrays reflected from the photo-reflective mirrors. The liquid can be directed to a device which converts the liquid's thermal energy to electricity. Electricity produced by the photo-voltaic cells is stored in a battery.