In this post, we shall let you understand not just the different type of panels out there in the market especially in Nigeria but also their economic consideration.

Efficiency of solar panels
Every type of solar panel varies in how much power it can generate.

Monocrystalline and polycrystalline solar panels
Monocrystalline typically has the highest efficiencies and power capacity of all types of panels. Most monocrystalline solar panels often achieve efficiencies above 20 percent, while polycrystalline solar panels usually have efficiencies ranging from 15 to 17 percent.
Monocrystalline solar panels tend to generate more power than other types of panels due not only to their efficiency, but also to the fact that they have come in higher wattage modules. Many monocrystalline solar panels come with power capacity exceeding 300 watts (W), some exceeding 350 W. On the other hand, polycrystalline solar panels tend to have lower watts.

This does not mean that monocrystalline and polycrystalline solar panels are not physically the same size-in fact, with 72 or 96 cell variants (usually for large-scale installations), both types of solar panels tend to come with 60 silicon cells each. But even with the same number of cells, more electricity can be produced by monocrystalline panels.

Read more on the following link https://wavetra.com/blogs/news/efficiency-and-economic-considerations-of-best-and-different-types-of-solar-panels-in-nigeria