For those looking for the most efficient solar panels for their solar energy system, the first thing you need to know is how to compare efficiency metrics for different manufacturer brands. Solar panel efficiency is one useful metric used to determine how much power a solar panel produces compared to other products.
Key takeaways about solar panel efficiency
- The most efficient solar panels available today are approximately 23%
- Solar panel efficiency is the percentage of incoming sunlight a single solar panel can convert into electricity
- SunPower, LG, and REC Solar make the most efficient solar panels
- Start comparing solar quotes with high-efficiency equipment on the EnergySage Marketplace
Solar panel efficiency: what you need to know
Solar panel efficiency is a measurement of a solar panel’s ability to convert sunlight into usable electricity. For example, if the sun shines on a high efficiency solar panel with a 20% rating, then 20% of the sun’s energy will be converted to solar energy. Given the same amount of sunlight shining for the same duration of time on two solar panels with different efficiency ratings, the more efficient panel will produce more electricity than the less efficient panel. Solar panel efficiency is determined by the production of electricity by solar cells, which is in turn influenced by the cells’ composition, electrical configuration, surrounding components, and more.
How efficient are solar panels?
Most solar panels are between 15% and 20% efficient, with outliers on either side of the range. High efficiency solar panels can exceed 22% efficiency in some cases (and almost reach 23%!), but the majority of photovoltaic panels available are not above 20% efficiency. However, the standard for efficiency is only rising in 2021 with the emergence of new technologies and manufacturing capabilities.
2021 high efficiency solar panel trends
Some Chinese companies are defying the “more efficient = more expensive” rule in 2021. High efficiency solar panels are entering the market from companies like LonGi, Canadian Solar, and Trina Solar that surpass the 20% efficiency rating, but cost less per watt as opposed to SunPower, LG and Panasonic panels. Solar is cheaper than ever without sacrificing efficiency ratings, which begs the question if U.S manufacturers will be able to maintain their pricing premiums.
How solar panel efficiency differs by product
Given the same amount of sunlight shining for the same duration of time on two high efficiency solar panels with different efficiency ratings, the more efficient panel will produce more electricity than the less efficient panel. Solar panel efficiency is determined by the production of electricity by solar cells, which are in turn influenced by composition, electrical configuration, surrounding components, and more.
In practical terms, for two high efficiency solar panels of the same physical size, if one has a 21% efficiency rating and the other has a 14% efficiency rating, the 21% efficient panel will produce 50% more kilowatt-hours (kWh) of electricity under the same conditions as the 14% efficient panel. Thus, maximizing energy use and bill savings is heavily reliant on having top-tier solar panel efficiency.
Most efficient solar panels: the top 5
Here are the top five best solar panel manufacturers ranked based on the highest efficiency solar panel they have to offer:
Top 5 solar manufacturers by efficiency rating
|Company||Efficiency rating||Solar cell technology|
|Panasonic||21.2%||Monocrystalline and amorphous silicon cell|
The most efficient solar panels on the market today have efficiency ratings as high as 22.8%, whereas the majority of panels range from 16% to 18% efficiency rating. SunPower high efficiency solar panels are known for being the most efficient solar panel brand available on the market. Though they will come with a higher price tag, SunPower will often be the consumer favorite for anyone concerned with efficiency as a primal metric of interest. However, check out Exhibit 1 to learn about all the top brands and the most efficient solar panels you can get your hands on.
Maximum Production or Maximum Offset: If your goal is to maximize the amount of electricity your system produces or want to ensure you buy the least amount of electricity from the utility, but the amount of roof space you have available to install solar panels is limited in size, you may choose to install higher efficiency solar panels. This will ensure you get the maximum production from your solar panel system.
Cost vs. Value: Highly efficient solar panels tend to cost more than their less efficient counterparts. You may want to analyze whether that upfront cost difference is justified by the increased savings achieved by generating more electricity over the lifespan of your solar energy system. Increased electricity production means you have to buy less power from your utility and in some states, may also generate higher SREC income. The EnergySage Solar Marketplace makes it easy for you to easily compare your savings from solar panels that vary in their efficiency ratings and if their premium price is justified.
What determines solar panel efficiency?
There are several factors that determine how efficient a solar panel is. At its core, solar panel efficiency is determined by how much incoming sunlight the solar panel can convert into usable electricity. But what factors into that end conversion rate? There are several items that solar cell researchers and manufacturers consider when designing and producing high efficiency solar panels:
- Material – The type of material (monocrystalline silicon, polycrystalline silicon, cadmium telluride, etc.) impacts how light converts to electricity
- Wiring and busing – The organization of wires and “busbars” on a solar panel that actually capture and transfer electricity impacts efficiency
- Reflection – If light is reflected away from a solar panel, it’s efficiency may be lowered. This is why the glass layer on top of silicon solar cells is so important.
Additionally, factors like being able to absorb light on both sides of a cell (bifacial solar panels) and being able to absorb variable wavelengths of light (multijunction solar panels) change the efficiency equation for solar panels. All in all, there are a multitude of levers that scientists and researchers can pull when working on improving solar panel efficiency. In the end, it’s all about converting more incoming sunlight into electricity.
Dive into our article on different types of solar panels to learn more.
How efficient are “high efficiency” solar panels? Efficiency comparison tables
The two tables below present different views of the solar panel efficiency characteristics of the leading manufacturers who sell solar panels in the United States. Most panel manufacturers produce several solar panel models which range in efficiency ratings. The leading brands in this category will be those that utilize high-efficiency solar cells such as LG and SunPower (who have battled back and forth for the world solar efficiency record) who are widely considered to be the top panel brand on the market for solar efficiency. However, it’s important to understand the difference between setting a maximum efficiency record and maintaining strong and consistent average solar energy efficiency ratings. Therefore, the following efficiency table breaks down the best ways to compare different solar panel options by module efficiency metrics.
High efficiency solar panel efficiency rating of panel models by manufacturer
|Solar Panel Manufacturer||Minimum Efficiency (%)||Maximum Efficiency (%)||Average Efficiency (%)|
|BenQ Solar (AUO)||15.50%||18.30%||17.19%|
|Mission Solar Energy||18.05%||19.35%||18.73%|
|Neo Solar Power||16.00%||17.00%||16.48%|
There are multiple variables to consider when seeking out the best solar panels on the market. While certain panels will have higher efficiency ratings than others, investing in top-of-the-line solar equipment doesn’t always result in higher savings. The only way to find the “sweet spot” for your property is to evaluate quotes with varying equipment and financing offers.
For any homeowner in the early stage of shopping for solar that would just like a ballpark estimate for an installation, try our Solar Calculator that offers upfront cost and long-term savings estimates based on your location and roof type. For those looking to get quotes from local contractors today, check out our quote comparison platform.
Commonly asked questions about high efficiency solar panels
There are many factors that can affect the efficiency of your solar panels including weather, debris on your panel, or installation issues. That being said, all solar panels are tested under Standard Test Conditions to produce an accurate and standardized efficiency quote. Your panel’s temperature coefficient can help you understand how the efficiency may fluctuate depending on the temperature outside, or how the solar cells in your panel react to summer heat or winter’s cold.
Maybe! 47% efficiency has already been reached by a world record-breaking solar panel in a lab, and that same panel reached 40% efficiency in-field. By combining 6 collectors, or photoactive layers, into a single panel, scientists at the National Renewable Energy Laboratory were able to convert 40% of the sun’s energy into electricity in “single sun” conditions, or, conditions created to mimic the irradiance of one sun. Each photovoltaic layer is manufactured to harness different wavelengths of energy, so the panel can convert energy from a higher percentage of the rays that hit its surface. This technology differs from traditional solar cell technology since there are 140 layers of the 6 collector materials used to make this high efficiency panel. A detailed description of the new technology was published in the journal Nature Energy. Researchers say that this technology can be fine-tuned to reach 50% efficiency in the future.
The amount of solar panels it takes to power a house varies depending on how much energy you use, how big your house is, and the solar panels you have. That being said, the average house in the U.S uses 10,400 kWh of electricity annually- meaning that with 28-34 250 kilowatt panels (the average wattage for a solar panel), you could power your home entirely on the sun’s energy.
It is important for solar shoppers to do their due diligence in collecting all of the necessary information before going solar, such as how much electricity you consume and the sunlight hours your roof gets, to name a few. This way, you will know how many panels you need to power your home solely on solar energy.
Learn more about how many solar panels you need to power your house in our article.