What Are the Different Types of Solar Panels That Exist Today?

As the global solar market is expected to reach $223.3 billion by 2026, it’s no surprise that solar panel technology is continually improving.

If you’re interested in getting a solar energy system installed, here’s everything you need to know about the different types of solar panels!

Types of Solar Panels

There are three common types of solar panels on the market, each with its own pros and cons. While most solar panels work in similar ways, they differ in their materials, costs, and outputs.

If you want more information about these types of solar panels, check out this solar panel installer.

Monocrystalline Solar Panels

These are the most popular solar panels for roof installations. As solar panel technology improves, there are now a few options for monocrystalline solar panels.

While they have different manufacturing processes, most of them have the same process of using a single silicon “seed” crystal to create the silicon wafers which go into the solar panel.

When it comes to performance, this is the most efficient type of solar panel, which is why it is so popular.

The downside is that these are also the most expensive of the three solar panel types.

Polycrystalline Solar Panels

This type of solar panel is sometimes referred to as multi-crystalline solar panels. It is like monocrystalline panels in how it’s made, but the cooling process is different and results in many silicon crystals forming.

Polycrystalline solar panels are a great medium option. They are slightly cheaper than monocrystalline panels, but they are less efficient. If you are wanting to put solar panels on your home while working on a budget, this could be the best option for you.

Thin Film Solar Panels

There are a few types of thin-film solar panels. Photovoltaic substances are spread out in a thin layer on a sheet of glass.

This type of solar panel is the cheapest, but it is also the least efficient. This is why it is a popular choice for commercial buildings. When they have lots of space, they can put a lot of solar panels, so the lack of efficiency evens out with the installation cost.

This is also the best-looking type of solar panel. The panels are sleek and completely black, so they are less disruptive to the look of the building.

Benefits of Solar Panels

As the climate crisis grows more critical and the cost of electricity increases, creating a sustainable home is a vital part of homeownership.

Creating electricity through renewable energy is better for the environment. And while solar systems have an initial cost, once you’re able to use the electricity they generate, your utility bills should decrease.

Choosing The Right Solar Panel For Your Needs

When you can choose between all the types of solar panels, making a decision can be tough. And while every solar panel has its pros and cons, remember, the best solar panels are the ones that work for you.

If you enjoyed this article, please check out our blog for more content!