Solar Panels: Types, Efficiency, Power & Cost


One of the fastest-growing industries in the renewable energy sector is the Solar panel industry. Apart from being a good renewable energy resource, it is an attractive financial support system in the electricity industry also.

The thing is, solar panels have the potential to absorb the natural energy, which is the Sunray and then convert them into electricity. There is mainly no end to this energy; you can utilize this power till your last day of life.

Not only that, but you just only need to invest while you are installing it, and after that, you don’t have to invest a single penny on maintenance and so on. In this article, we are going to discuss some types of solar panels that will be useful for your accommodations.

Types Of Solar Panels

Below we have mentioned the details about several types of solar panels.

1. Monocrystalline Solar Panels

Monocrystalline solar panels are mainly one of the oldest solar panels. But nowadays, it is the most developed solar panel. These solar panels are made up of monocrystalline solar cells. Each panel contains 40 monocrystalline cells, and the cells are composed of pure silicon substances.

When monocrystalline cells start to absorb sunlight, they then turn black because of the interaction between sunlight and silicon. However, buyers want to choose from various colors because of the back sheets and frames.

Here are a few advantages of Monocrystalline Solar panels

  • Monocrystalline cells are organized in a pyramid pattern. Therefore it is a useful option to better absorb sunlight.
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  • These cells have a higher capability, which means they can absorb more sunlight in comparison to wastage. 
  • You can utilize monocrystalline cells for more than 30 years.
  • Monocrystalline solar panels have better heat resistance power.

Apart from the mentioned advantages, solar panels are costly. Despite the efficiency, the installation charges are quite expensive.

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2. Thin-Film Panels

Another second generation of the solar panel is Thin-Film Panels. According to the name “thin-film panels,” it is mainly 350 times thinner than those solar panels which use silicon wafers. Another distinguishing characteristic is thin-film panels composed of several materials. For example, these solar panels are made up of Copper Indium Gallium Selenide, Amorphous silicon, cadmium telluride, and so on.

The advantages of these solar panels are

  • Thin-film solar panels are flexible and not just only made of silicon but various materials.
  • This type of solar panel is not very expensive. This means one can easily afford it.
  • Customers can save money during installation because of its lightweight construction.

Apart from the above-mentioned advantages, thin-film solar panels have the lowest efficiency. This means they can offer an efficiency of up to only 11 percent.

3. Polycrystalline Solar Panels

Polycrystalline Solar panels consist of several silicon crystals in every PV cell. These solar panels are very famous and popular. The polycrystalline solar panels are made of melted silicon crystals and then cut into a square shape to make this. The surface of the polycrystalline solar panels looks like squares and mosaics. The surface of this solar panel is bluish in color and made up of various silicon crystals.

The advantages of these polycrystalline solar panels

  • Polycrystalline solar panels are more eco-friendly than monocrystalline solar panels
  • These solar panels are not much expensive because it has been manufactured in a simple manner
  • There is not much required of silicon, while polycrystalline solar panels are made.

Apart from the above-mentioned advantages, these solar panels have lower heat tolerance. Not only that, but these panels have lower efficiency at increased temperatures.

The Price Of Solar Panels

Below we have mentioned the prices of each solar panel.

Monocrystalline Solar Panel

The most expensive solar panel is the Monocrystalline solar panel. The manufacturing process and higher abilities have made these solar panels expensive. These panels will cost $1 to $1.50 per watt.

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Polycrystalline Panels

Another one of the cheapest options for solar panels is Polycrystalline solar panels. There is not much price difference between monocrystalline and polycrystalline prices.

It will cost $.90 to $1 per watt. However, homeowners are willing to pay slightly higher prices because of better efficiency and high power ratings than Monocrystalline solar panels.

Thin Film Panels

The thin-film solar panels are low in price because they can easily install and require less equipment. There are several reasons for the low rate, lower performance capacity, and generating a substantial amount of electrical power. The price of this solar panel is $1.55 per watt.


We have mentioned several solar panels and the prices above in this article. These three solar panels are mostly and widely used across the globe. Apart from that, you can install solar ring panels, which are much more fancy and advanced than those three traditional solar panels. But you can get services like them. Apart from that, ring solar panels can mostly last six years but not more than that.

We hope you liked this article. Please let us know in the comment section below if you have any doubts.

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