Best High Efficiency Solar Panels for Homes in 2022: Pros and Cons

Solar has been one of the fastest-moving industries over the last decade, which is why it can be difficult to know where to start when shopping for the best solar panels for your home, and how to make important decisions while weighing your options.

Residential rooftop solar panels installed on the south-facing side of the roof on a two-story house.

To help homeowners in the United States and beyond, we’ve developed this guide, which explores everything you need to know about today’s best high efficiency solar panels designed for residential use.

Now that you’ve decided to take the first step to lower your home’s carbon footprint and utility expenses, it is time to find the right solar panels, equipment, and installer to carry out the job.

Table of Contents:

Understanding High-Efficiency Solar Panels

First, let’s begin with sufficient information to bring even the newest solar panel novices up to speed.

It doesn’t take an expert to recognize that “high-efficiency” solar panels imply a high-quality product, but the term has somewhat lost its true meaning as every reputable manufacturer claims that their solar panels are “high-efficiency.”

The efficiency rating of a solar panel is expressed as a percentage and indicates the efficiency with which a given panel can generate usable electricity from direct sunlight.

Majority of solar panels available on the market today are rated for 15% to 20% solar energy conversion efficiency. However, there are also ultra-premium residential PV panels from companies like SunPower, LG, and Panasonic that achieve energy conversion efficiency ratings of 20% to 23%.

In the context of this guide, we refer to high-performance solar modules with efficiency ratings between 19% and 23% as high-efficiency panels.

Did you know? All solar panels lose efficiency and degrade over time. When looking at a specific solar panel, we are not only concerned with the initial efficiency rate but also with how well that initial efficiency will be retained over time. – This is known as the solar panel efficiency degradation rate. The slower a specific panel’s performance degrades over time the more premium and valuable it is.

Most premium, high-efficiency and high-power home solar panels on the market today will retain at least 85% of their initial conversion efficiency at the 25-year mark, while the best of breed panels will retain over 90% of the initial efficiency at the 25-year mark.

When a given solar panel harnesses the sunlight and produces electricity, its actual efficiency performance will vary based on the ambient temperature aka the air temperature of the panel’s immediate surroundings, shade, cloudiness, weather conditions, and sun angle/conditions.

While low-efficiency solar panels may work for yard lights or calculators, midrange to high-power efficiency modules are entirely necessary when considering most home installations with limited rooftop space.

So, while many solar salesmen are eager to tout their “high-efficiency” panels, it is important to recognize that every reputable residential solar company should exclusively install high-quality solar panels with efficiency rating that are appropriate for your home’s needs — for a worthwhile renewable energy investment.

What are High-Efficiency Solar Panels?

Today, monocrystalline PERC and N-type IBC solar cells have been developed for efficiencies of 18% to 20% and above. This has set the new standard for high-efficiency residential solar panels of the future, as commercially available panels are beginning to exceed 20% to 22% peak operating efficiencies.

More so, extensive research is being conducted into photovoltaic (PV) solar energy, with new technologies debuting constantly at high-efficiency ratings. For instance, InsoLight has recently unveiled hyper-efficient solar panel designs with working efficiencies of over 30%.

Monocrystalline Solar Cells vs. Polycristalline

Today, most high-efficiency solar panels utilize monocrystalline solar cells, not polycrystalline. However, there are some decent quality polycrystalline solar panels like the ones from Trina Solar that can achieve efficiencies of over 17%, making them an affordable and economical choice for some of the more-spacious and larger-sized residential rooftops.

Solar Industry Jargon: “Poly” or “mono” for short, mono cells are generally more efficient than poly cells but they are also usually significantly more expensive.

Relatively speaking, solar panels can be considered highly efficient if they are sold with a manufacturer’s efficiency rating above 17%. What this means is that the solar cells within the panel can convert 17% of the energy from sunlight that hits the panel’s surface area.

While 17 percent Sunlight-to-Electricity conversion efficiency rate may not sound like a lot, it is important to understand that all energy conversions experience some energy loss, and that the amount of sunlight that earth receives is truly abundant! 😊

For our guide’s purposes, we define high-efficiency solar panels as those with efficiency ratings of 19% or higher and efficiency degradation rates of 85% or higher at the 25-year mark.

Note that we’ve also included Jinko Solar on our list of the most efficient solar panels in spite of Jinko solar panels having only about 81% of their initial efficiency remaining after 25 years in service.

However, our view is that Jinko’s relatively high initial efficiency rate and their superior value pricing, make Jinko solar panels a compelling option for budget conscious homeowners.

Our view and that of the industry is that premium quality panels will degrade at a slower rate than basic or midrange panels.

Here are the top 11 most efficient solar panels and brands to consider for home solar power system installations:

Rank Make Model Power Efficiency 25-year Efficiency
1 SunPower Maxeon 3 400 W 22.6 % 92 %
2 LG Neon R 405 W 22.3 % 92.5 %
3 REC Alpha 405 W 21.9 % 92 %
4 Panasonic EverVolt 380 W 21.7 % 92 %
5 Jinko Solar Tiger Pro 6Rl3 585 W 21.4 % 80.7 %
6 FuturaSun Silk Pro 440 W 21.16 % 87 %
7 Trina Solar Vertex S 405 W 21.1 % 83.1 %
8 Canadian Solar HiDM 420 W 20.4 % 83.1%
9 Solaria PowerXT 400 W 20.2 % 86%
10 Q Cells Peak Duo G6+ 345 W 19.5 % 85%
11 Mission Solar Energy 385 SX5R 385 W 19.3 % 84.08 %

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Panasonic Solar Panels Cost, Pros & Cons – The Ultimate Guide

Panasonic is a popular brand in the consumer electronics market, and they also manufacture some of the best solar panels. Panasonic focuses on product quality, and their solar panels can operate at high efficiency even when exposed to hot weather. They also offer some of the best warranties in the industry, protecting your investment for up to 25 years following the installation.

Panasonic home solar panels on a metal roof

In terms of efficiency, solar panels from Panasonic are among the top five, converting up to 21.7% of sunlight into electricity. Only three brands have achieved higher efficiency ratings, and the difference is small: SunPower offers up to 22.8% efficiency, followed by LG at 22.3%, and REC at 21.9%. High-efficiency solar panels make your roof space more productive, generating more kilowatt-hours from each square foot covered.

Surprisingly, Panasonic solar panels have competitive prices in spite of being premium products. According to solar pricing data gathered by EnergySage (a home solar marketplace, no affiliation), you can expect an average cost of $2.71 per watt when using Panasonic. — This is below the US average price reported by the Solar Energy Industries Association (SEIA), which is $3.06 per watt according to their quarterly report from December 2021.

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