Efficiency
Efficiency measures how much of the sunlight hitting the panel is converted into electricity. Modern residential panels range from about 20% to 23.5% efficiency.
Higher efficiency means more electricity per square metre of roof. This matters most when roof space is limited. If your roof is large enough to fit the number of panels you need regardless of efficiency, a slightly lower-efficiency panel at a lower price may offer better overall value.
Do not assume the highest-efficiency panel is always the best choice. Efficiency is one factor among several.


