They''re both made from silicon; many solar panel manufacturers produce monocrystalline and polycrystalline panels. Both monocrystalline and polycrystalline solar panels can be good choices for your home, but there are key differences you should understand before making a decision.
Monocrystalline solar panels are more expensive compared to their polycrystalline counterparts. However, this increased cost is accompanied by greater efficiency ranging from 15 to 25%, while polycrystalline solar panels generally have lower efficiency, with rates ranging from about 13% to 16%.
Typically, polycrystalline panels cost between $0.40 and $0.50 per watt, compared to the more expensive monocrystalline panels at $0.50-0.80 per watt. Monocrystalline panels are more efficient than polycrystalline panels, converting up to 25% of sunlight compared to polycrystalline panels, which convert up to 16%.
These panels usually have a blue, speckled appearance. Typical efficiency ratings for polycrystalline panels sit at around 15 to 18 per cent. As a result, more panels and more roof space are needed to achieve the same output as a monocrystalline solar panel system.
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