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Home»Personal Finance»Solar Panel Types: What to Know
Personal Finance

Solar Panel Types: What to Know

May 15, 2025No Comments2 Mins Read
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The four primary solar panel types are monocrystalline, polycrystalline, thin-film, and heterojunction. When you begin a residential solar project, you may face the decision about what types of solar panels to include. Your goals, budget, and location will ultimately determine your best option.

The main material that determines how solar panels work is a semiconductor that converts sunlight into electricity. This material absorbs photons and transmits electrons. Silicon is the semiconductor used most often. You may also find panels using different semiconductors. Solar panel type often revolves around how the semiconductor works and what the resulting solar panel efficiency is

U.S. Energy Information Administration. Solar explained. Accessed May 15, 2025.


.

As you speak to multiple installers and compare solar quotes, consider the following types of solar panels that you may encounter.

Monocrystalline panels: Common and efficient but expensive

Pros


Good fit for limited roof space where you want to pack in as much power generation as you can.

Cons


These panels are often among the more expensive options on the market.

Monocrystalline solar panels use sliced wafers of a single crystal of silicon. Retaining the crystal structure of the silicon contributes to the high efficiency of these panels. The average efficiency is 20% to 22%.

Polycrystalline panels: Less expensive and less efficient

Pros


Helpful in less sunny areas, and less expensive than monocrystalline panels.

Cons


Less efficient than monocrystalline panels.

Polycrystalline solar panels use melted and remolded silicon rather than a single crystal. These panels don’t need whole crystals to make their silicon layers
.

Thin-film panels: Flexible use but lower efficiency

Pros


Good for RVs or in contexts where you may need to move the panels.

Cons


The thinness of the panels results in lower efficiency in many cases.

To make thin-film solar panels, materials are deposited in a thin layer. This results in a flexible material that is easy to transport compared to rigid, heavy panels. They can be made from cadmium telluride, copper indium gallium selenide (CIGS), or amorphous silicon.

However, there are a variety of materials and nonstandard sizing in the thin-film market. It’s best to make sure you compare your panels accurately. Calculate the size of the panel, the efficiency, and the final cost so you know how much you can expect to generate per dollar spent
.

Heterojunction panels: All kinds of panels

Pros


Tips for Evaluating Solar Panels

When evaluating solar panels, consider the panel size, efficiency, and cost. Crunching the numbers to determine the cost per watt is essential. Here are some key factors to keep in mind:

  • Monocrystalline panels are generally more expensive than polycrystalline panels.

  • Thin-film panels come in various materials and sizes, resulting in different costs per kWh.

  • Consider the kWh production relative to the cost of each panel, as higher efficiency panels may be more cost-effective in the long run.

  • For higher wattage in a limited space, opt for more efficient but pricier panels.

  • Consider aesthetics, warranty, and brand reputation when choosing solar panels.

Choosing the Right Solar Panels

To choose the best solar panels for your needs, follow these tips:

1. Assess your space and power requirements.

Consider the efficiency and cost of panels based on your available space and energy needs.

2. Research panel brands for quality and performance.

Look for reviews on specific panel brands to ensure durability and efficiency.

3. Consider overall costs and value, not just panel prices.

4. Understand the warranties provided with the panels.

Learn about the work/product and power warranties to ensure long-term performance.

5. Plan for panel replacements and maintenance.

sentence in a different way: The dog ran quickly through the park.

The dog raced through the park at top speed.

Panel Solar Types
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