I suggested the idea to solar cookers international several months ago.
This shows the idea much clearer than my diagrams from that time.
Please make your own.
They should improve solar panel productivity by 20% or more.

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http://pc-calculator.110mb.com/sun/digital-sundial.html
6 + 10 + 15 + 5 = $36
24 hour plug timers are easily found at any store and use less than 1/2 volt. You will need an DC/AC converter anyway if you want to power anything.
So logically the cost is really ONLY $11...
The earth spins every 24 hours, it doesn't matter that at night the solar panel is upside down pointing to the ground since there is no sun anyway, in the morning just aim it at the sunrise and adjust for the time change.
If the solar panel is constructed in a slim configuration and centered on the dial, little or no power at all is needed to rotate it on it's pivot point 360 degrees, the weight balance evenly on top/bottom. (plug timers won't rotate backwards either, so just shield from wind on 1 side.
Place both plug timers facing the same way, route the face of the second timer around to the back by means of a barb metal square glued to the face of the timer running around the timer to relocate movement to the it's back but keep it rotating paralleled with the other plug timer on the other end.
http://homesolardiy.com/is-offshore-solar-power-the-wave-of-the-future/
I think there is used a magnetic compass needle approach.
http://solardesign.ning.com/photo/liquid-piston-tracker It should be a bit more accurate that this one.