Scientists at Stanford University have designed a new paint that could help reduce our growing reliance on air conditioners and heaters.

It comes in an array of colors, and if used properly, it could seriously slash electricity bills and emissions.

The paint is capable of reflecting up to 80 percent of mid-infrared light from the Sun, which is 10 times more reflection than conventional colored paints.

Mid-infrared light is usually absorbed as heat on building surfaces. When used on the outside of a building, the paint keeps heat out, and it can be used on the inside to keep heat in.

As such, the developers of the paint say it provides a “year-round energy-saving solution” that can be used in a variety of climates.

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