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Does Solar Panel Price Depend on the Type of Panel?

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A solar panel refers to the collection of photovoltaic cells, which can be used to generate electricity through the photovoltaic effect. These solar cells are arranged in a grid-like pattern; they absorb the sun’s rays and convert them into electricity. 

Luminous solar panels

Image Source- Luminous

Importance of Solar Panels

With solar panels, you will be able to generate free power and, it will also reduce your utility bills. If you are shopping for solar panels for the first time, certain questions can arise in your mind like-

Does solar panel price depend on the type of solar panel? 

Yes, solar panel price depends on the type of panel, but before we get into this, it is important to understand why solar panels are the need of the hour?

From reducing your carbon footprint levels to minimizing your annual electricity bills, solar panels play a significant role in decreasing the impact of your ever-rising energy costs and generating a tax-free income for the next 25 years. 

To make you better understand the growing importance of solar panels, we have curated a list of reasons stating the importance of solar panels:

  • Helps in Cutting Down Your Carbon Footprints 

Solar panels are eco-friendly, as they utilize the sun’s energy to produce zero-carbon electricity. They do not release any harmful emissions or any other poisonous pollutants into the atmosphere. 

  • Reduce Your Energy Bills

The electricity which is generated by your solar PV system is completely free for you to use. An ideal solar PV system produces roughly around 50% of the electricity a household needs in a year. As you will not be connected to the national grid, you can store the excess energy in the batteries for later use. 

  • Limits Your Dependency on Electricity Suppliers

For the last few years, the price of electricity has risen drastically. However, installing a solar PV system will help in reducing your dependency on grid-supplied electricity and commercial companies while reducing the energy prices for years to come. 

Types of Solar Panels

When you are shopping for solar panels, you will come across the two broad categories of panels used in households and commercial establishments. Solar panel price will depend upon the type of panel you choose. You can choose from Monocrystalline PERC panels or Polycrystalline solar panels. Compare their price range and choose the one that will suit your needs the best. 

What are Mono PERC Solar Panels?

Mono PERC solar panels are made using single silicon crystals, whose appearance is in a uniform black shape that includes purity. Mono PERC solar panels are 2.5% more efficient when compared to polycrystalline panels, and they operate better under adverse conditions like low light and high-temperature atmospheres. These solar panels are space-friendly and can be installed on small rooftops as well.

What are Polycrystalline Solar Panels?

Polycrystalline solar panels comprise several silicon crystals, and their color is in a shade of blue with a pattern that is distinctive and unique from the mono PERC panels. Polycrystalline offers PID (Potential-Induced Degradation) resistance technology. It guarantees a high degree of safety against power failures. These solar panels are an ideal option for those who want to get an inexpensive solar solution with excellent low light efficiency and anti-reflective coating. 

The Price Difference

Consider a situation where if you have a rooftop space of 1,000 square feet. You will need to install 32 polycrystalline solar panels in a 10kw solar system. On the other hand, in the same 10kw solar system, you would just need to install 28 mono PERC panels. Mono PERC solar panels are space-efficient when compared to polycrystalline panels of the same dimensions. Mono PERC solar panels come with an additional back layer behind the solar cells, which is used for capturing the reflected sunlight. Therefore, increasing its efficiency. Though a mono PERC panel is comparatively expensive than polycrystalline solar panels, it offers a substantial amount of savings in the long run. 

Before you proceed with purchasing solar panels for your home, it is extremely important that you opt for the right type of solar panel. Reputable brands like Luminous offers an extensive range of Polycrystalline and Mono PERC solar panels for home. It is advisable that you opt for Mono PERC panels because they are durable and offer an average efficiency of up to 20%. 

Go green with the best solar panels today!

Also, read about Printable solar panels here.


Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to

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