Monocrystalline
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In addition, the specifications of the panels (such as power) and the cost of installation also play a role. On average, you pay around €500 to €600 per solar panel, including installation. The cost of solar panels depends on the number of panels and the power per panel. In general, the more panels you buy, the cheaper the price per panel becomes.
The exact cost of monocrystalline solar panels will vary depending on the manufacturer and the size of the solar panels. As a rule of thumb, monocrystalline solar panels have their highest price point at about £1 – £1.50 per Watt. Polycrystalline solar panels, on the other hand, have a lower efficiency rating than monocrystalline panels.
Efficiency rates vary due to differences in solar cell technology. Monocrystalline panels are the most efficient solar panels due to their improved solar cell technology, with rates over 20%. Polycrystalline solar panels have lower efficiency ratings in the range of 15%–17%. Both panels have a great life span, but mono panels last longer.
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