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Solar panels and their accessories unlock the boundless energy in the sunshine and transform it into useful energy. Making a move to equip your home with the best solar panels on the market has never been easier. Solar tax credits and rebates designed to reward solar power adopters are readily available as the renewable energy market continues to explode. It’s no wonder that so many are choosing home solar panels to power their households. Lifepo4 100ah
With the expanding market comes an ever-increasing number of companies vying for your business. The competition is heating up, and that’s good news for consumers. Competition drives innovation while keeping prices in check. However, the increasing number of solar panel manufacturers and the long lists of available options can confuse those trying to determine the best energy solution for their homes.
To help, we’ve taken a hard look at the top solar panel makers and their product lineups to compile our list of the top five in the business. We’ve listed them here, along with crucial information to consider when deciding which provider has the best solar panels for your home.
Why you can trust Forbes Home: The Forbes Home team is committed to bringing you independent, unbiased ratings and information. We use data and expert advice to inform all of our content. Plus, our advisory board of licensed professionals fact-checks and reviews our content for accuracy and relevancy.
We developed our list of the best solar panels by first identifying competitors that met basic criteria, then reviewing the 12 most widely available residential panels from that list and scoring them all based on 42 different attributes. We further pared our list down to the top five panels. Our ratings take into consideration factors like wattages available, residential batteries available, customer service, guarantee/warranty and maximum efficiency. All ratings are determined solely by the editorial team.
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Forbes’ top solar panels pick for 2023 is SunPower (Maxeon). An innovative company that offers one of the most efficient solar panels on the market, with a maximum output efficient rating of 22.8% and a temperature coefficient of just -0.29% per degree celsius this PVEL top performer provides a product warranty of 25 years and is available in all 50 states.
As one of the most efficient solar panels on the market, SunPower takes the top spot on our list. As an innovator among solar power manufacturers, SunPower holds over 1,000 industry patents and offers five lines of high-efficiency solar panels at various price points with maximum output ratings of 22.8% and a temperature coefficient of just -0.29% per degree Celsius. They also carry a 92% output warranty of 25 years.
SunPower solar panels typically cost around $3.00 per watt for its solar panel system and the company offers four solar panel models: M Series, A Series, X Series and E Series.
Although SunPower panels and systems have slightly higher price tags than their competitors, the benefits outweigh the costs, especially for homes that require high-output panels and equipment. SunPower is a 2022 PVEL top performer in damp heat, mechanical stress and thermal cycling, solar industry standard tests, with power production of up to 440W per panel and a battery system that can store enough energy to keep your home running for up to 3 days.
The company provides product warranties of 25 years for panels and between ten and 25 years for system components. You can monitor the output of your system and individual panels through the company’s app, and free energy consultations are available to help you decide which system is best for your home.
Sunpower uses a network of independent dealers and installers trained by the company to install their products.
Among other things, Panasonic is a popular electronics brand. This year, the company makes our list in the number two spot for its EverVolt series of home solar panels that achieve up to 410W of output per panel. Expect 92% of that output to remain after 25 years of use, backed by their output warranty and product warranties of the same length.
Panasonic panels produce up to a respectable 22.2% efficiency rating. Truly impressive, though, is their temperature coefficient stated at -0.26% per degree Celcius for the panels we reviewed, which makes Panasonic panels an excellent choice for powering homes in hotter climates.
Available in every state through numerous installation companies, Panasonic offers a solar monitoring app for your system and a chat function on its website to answer your questions.
Nationally available installers of Panasonic solar equipment include Green Home Systems, Elevation Solar and Solanta Solar. Panasonic solar installations are also available through a network of local and regional dealers and installers.
Q Cells manufactures solar panels and systems with up to 405 watts of power per panel and budget-friendly pricing. Despite being less efficient than other top panel producers, at 20.6%, Q Cells panels are still listed as PVEL top performers. After ten years of service, they continue to produce 93.5% of their power, but that percentage drops to 86 after 25 years.
Q Cells solar panels are effective against heavy snow loads and are an excellent choice for homeowners in cooler climates. However, those who live in warmer areas will see a significant efficiency reduction of up to -0.34% per degree Celcius as the temperature rises throughout the day.
The solar panels are backed up by a 25-year product warranty, while the available system components have just 2-year warranties. You can monitor your Q Cells system through the company’s app, and free cost estimates are available.
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Nationally available companies, including Momentum Solar, Palmetto Solar and Trinity Solar, can install Q Cells. Q Cells-certified dealers are also available locally and by region.
Canadian Solar is next on our list for its budget-friendly solar power approach. The company produces solar panels with up to 460 watts of power per panel, efficiency ratings that max out at 22.50% and low-temperature coefficient numbers of about -0.26%, all with affordable pricing. Canadian offers both monocrystalline and polycrystalline solar panel options.
However, before making a decision, know that some of Canadian Solar’s warranties are shorter than industry standards. Some panel product warranties are just 12 years and the company only offers 25-year output warranties of 83.1%.
Canadian Solar panels may struggle under heavy snow loads but are high-level performers in warm climates and for solar energy consumers on a budget.
Canadian Solar products are available for installation nationally by Blue Raven and Momentum Solar or certified local and regional installers.
REC Solar home solar panels make our list as excellent all-around performers. The company produces panels that generate up to 430 watts of power at efficiency levels up to 22.3%. They also offer four distinct panel lines at various price points and abilities along with complete energy-production systems, some of which can get pricy compared to the competition.
The company’s website can connect you directly to an installation company, and the mobile app allows you to monitor your system after installation. High maximum snow load capacity, coupled with a lower than average -0.26 temperature coefficient, means that REC Solar panels perform well in any climate.
REC Solar stands behind its products with 25-year panel product warranties and 10 to 25-year product coverage. The company also expects its panels to perform over the long run, providing a 25-year output warranty of 92%.
Astrawatt and Momentum Solar install REC Solar products nationally. REC Solar also certifies local and regional installers across the country.
The rise in popularity of solar energy in 2023 is driven by its compelling financial and environmental benefits. Notably, installing solar panels has become a wise financial choice for homeowners and businesses due to a substantial decrease in solar panel costs over the last decade. This increased affordability has made sustainable technology accessible to more people, resulting in significant savings on electricity bills and the potential to earn incentives or tax credits available in various regions. Moreover, the panels often pay for themselves within a decade, leading to long-term savings and sometimes virtually free electricity in the subsequent years.
A recent Forbes Home survey revealed that 19% of Americans have already embraced solar panels or are currently in the process of doing so. Remarkably, among the remaining 81% of respondents, 48% expressed their strong intentions to install a solar energy system in the future. This exceptional level of interest underscores the growing recognition of solar power’s benefits and its widespread appeal among homeowners.
Solar panels are available in a wide selection of abilities, quality, price points and features. The perfect solar panels for your home and needs may differ greatly from those that fit your neighbors’ requirements. Consider the following criteria when deciding which ones best meet your needs.
The cost of a solar energy system for a home averages around $16,000, with a range from just $3,500 to over $35,000, including installation and panels and without utilizing any tax rebates. Although quality plays a role in solar panel costs, so too do the features and capabilities of individual system components. Look for solar panels that offer the best return on investment, including the ability to slash your energy bill costs but still fit within your budget.
The efficiency rating is stated as a percentage that reflects the productivity of individual solar panels. The current average efficiency rating for residential panels is around 18%. High-performance solar panels have efficiency ratings of over 22%, while budget products come in at approximately 16% efficiency.
Not every home requires the highest efficiency rating possible. Your budget, energy needs, and available space will help determine an acceptable efficiency range. Remember that solar panel efficiency degrades somewhat over time when shopping.
To be beneficial, solar panels need to create at least as much power as they replace. While efficiency ratings reflect how well a panel converts energy, its wattage measures the result in terms of power. Most modern residential solar panel systems generate between 250 and 400 watts per hour while producing power. Generally, higher-wattage panels are preferable to lower-power ones. However, your needs and budget are factors when deciding wattage output per panel.
A panel’s coefficient rating measures its efficiency loss as temperature increases and is expressed in negative percentage numbers. A lower temperature coefficient rating depicts a solar panel that performs better in hot weather than a panel with a higher coefficient rating. Although panels with a low coefficient rating may be crucial in hot-weather locations, they can also show noticeable results in places that experience wild temperature swings.
Depending on your family’s energy use, you may need a home solar system that generates more or less electrical power. Ensure that your system will generate enough electricity during the day and, if desired, enough power storage to get you through each night. Some solar users opt for systems large enough to generate just enough power to meet some of their needs, while others choose systems that allow them to live off the grid or even sell power back to their local energy provider.
The typical product warranty for solar panel brands is 25 years. System components, such as batteries, inverters and other crucial parts, often have warranties that vary significantly between products and manufacturers. Pay attention to those warranties and the panels’ output warranty after 10 and 25 years, especially if you plan on staying in the same home for a long time. Keep an eye out for both the performance warranty and manufacturer warranties.
Beyond being available where you live, ensure that the installation company you choose offers the panels and system components you desire or their equivalent. Check reviews, references and price quotes when selecting a company that can meet your solar energy needs. Look for installer workmanship guarantees in addition to manufacturer warranties.
How much roof or yard space you have, facing in the optimum direction, is a crucial factor that may limit your panel choices. Smaller spaces benefit from fewer panels with higher wattages and efficiencies, while homeowners with larger available spaces could benefit from having more panel quantity and power options.
Not long ago there were few solar power customers to look to for their experiences. As solar-energy popularity grows, and now that consumers have had several years to evaluate their systems over time, that’s all changed. Online reviews of solar panel brands, models, installers, systems, storage and other components are readily available, so you can be confident that you’re investing for the best possible outcome.
Solar energy systems and solar panel systems are constantly evolving and improving. When making your purchase decisions, ask others with experience owning the system you’re considering about what they’ve learned. Also, keep an open mind to recommendations from solar companies regarding your energy needs. In an ever-changing industry, there’s always new information that could be beneficial.
While the most efficient readily available residential solar panels all share efficiency percentages above 20%, Canadian Solar’s HiHero series panels are tied with SunPower for the highest efficiency rating at 22.80% under optimal conditions.
However, the Canadian Solar HiHero 445 H-AG solar panel has a temperature coefficient of 0.26%. Compared to SunPower’s coefficient of 0.29%, the HiHero edges out its competition when the temperature rises over 77 degrees Fahrenheit.
When the sun shines on your solar panels, several processes begin: Energy from the sun excites semiconductors in the panel, which generates an electrical current when electrons break free from atoms. The current merges with other energy produced from the rest of the panels and is collected and converted to usable AC power.
From there, you may use the energy to power your home or store it in batteries for later use after turning it back into DC power.
Photovoltaic solar panels come in three distinct types, distinguished by their construction and best applications. Each kind has benefits and limitations.
Monocrystalline solar panels are identifiable by their rigid, non-flexible, framed construction and black appearance. Monocrystalline (mono) solar panels are highly efficient, with ratings between 16% and 23%.
Despite their high efficiency and high generating capacity, monocrystalline are the most costly type of solar panels. Prices range between $1 and $1.50 per watt of electricity. They’re most commonly used in places where space is limited or in lower-sunlight regions where energy productivity and efficiency are crucial.
These panels have the longest life expectancy and lose efficiency at a slower rate than other types. With efficiency degradation rates below 0.8% per year, monocrystalline panels can last up to 40 years or more. However, performance warranties are usually limited to around 25 years.
Polycrystalline solar panels consist of the same materials as monocrystalline panels. However, the construction process differs, resulting in a somewhat less efficient product. They’re distinguishable by their blue color and have efficiency ratings ranging from 13% to 20%.
Their lower efficiency means a more extensive array of panels is needed to generate the comparable output of a smaller collection of monocrystalline panels. Due to lower production costs, polycrystalline solar panels generally cost between $0.90 and $1 per watt.
Polycrystalline solar panels are excellent for use where sunny spaces are abundant or cost is the most significant factor. Another everyday use for polycrystalline panels is in standalone situations where a small amount of power keeps a battery or electrical device operating.
Expect a lifespan of 25 to 35 years for polycrystalline solar panels, with a degradation rate of around 1% per year.
Thin-film solar panels are really a class of their own. Unlike mono and polycrystalline panels, thin-film types can vary in construction and materials within the same category.
Once only for use in portable, low-power solar energy devices, thin-film solar panels are rapidly improving in efficiency and durability and now experience ratings of between 10% and 18% and rising. Their pricing is also becoming less prohibitive as the technology advances, with current costs between $1 and $1.50 per watt.
Depending on the construction and quality of a thin-film solar panel, expected lifespans range from 10 to 20 years, with a degradation rate of just over 1% per year.
Current popular uses for thin-film panels include portable power and battery charging applications. However, predictions exist that advancements will soon give thin-film panels a place in the market for large-scale uses.
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The efficiency of solar panels is determined by the amount of sunlight reflected on the panels’ surface, which is then transformed into electrical or thermal energy. Previously, the average efficiency of solar panels was around 15%, but thanks to advancements in photovoltaic technology, the efficiency of solar panels is currently between 15% and 22%. High-efficiency solar panels can even reach nearly 23%. As a result, 370W is the typical power rating of a panel, an improvement from 250W. Two factors go into determining solar panel efficiency: photovoltaic (PV) cell efficiency and total panel efficiency.
PV cell efficiency comes as the result of the cell design and silicon type, while cell layout and configuration along with the solar panel size are the basis for total panel efficiency.
Total panel efficiency is determined by the maximum power rating under standard test conditions divided by the total area of the panels (in meters).
An individual solar panel costs between $150 and $350. However, there are several other components in a solar-energy system that add up to determine the overall cost of solar panels.
Price comparisons between panels and systems can be accomplished by looking at the installation cost related to output or the cost-per-watt metric. Solar panels generally cost between $0.90 and $1.50 per watt and depend on type and efficiency.
For example, installing solar panels on the roof of a 1,500-square-foot house would cost around $19,000 on average, including total panel cost and installation, and keeping in mind that there are likely tax advantages you can utilize to reduce this cost.
Despite all of the exciting possibilities of solar panel power generation, deciding whether solar panels are worth it for you can be challenging, as they’re not a one-size-fits-all solution. Investing in solar panels makes sense when a few conditions are met while understanding why you’re installing the system, its costs and what you’ll get in return.
Going solar is a fantastic method to cut down on your monthly power bills. According to a Forbes Home survey, 34% of people opt for solar primarily to save money on their monthly bills, which is a compelling reason for many homeowners to invest in solar energy. Regardless of the solar energy system’s size, it can notably reduce monthly energy costs. While there’s some debate about the environmental impact of solar panel manufacturing, the technology is continually improving. Once the panels are installed, solar power generation becomes emission-free, making it a cleaner and more sustainable energy choice.
The initial costs of installing a solar energy system can be a challenging obstacle when deciding if solar is worth it. Although local, state and federal rebates and tax breaks can significantly reduce upfront costs, a hefty startup investment is often involved. However, solar loans and other incentives can often defer or minimize initial costs.
Ultimately, deciding if a solar energy system is worth it comes down to money. Solar energy systems have a break-even point of between six and ten years, after which all the money savings is yours to keep until improving the system is necessary. However, in the meantime, your system can add value to your home and decrease your overall monthly energy costs.
Maximum individual solar panel production is typically between 250 and 400 watts per hour. Meaning with six to eight hours of uninterrupted sunlight, each panel could generate between 1,500 and 3,200 watt-hours of electricity. However, that’s under rare and perfect circumstances.
In general, a solar panel system’s ability is stated in terms of average power production. A typical family uses about 10,000 kilowatt hours (kWh) of energy annually, so a system of 20 to 30 solar panels will, on average, produce enough power to meet that consumption. A standard solar battery can store energy for around one to six days. Advertisement THIS IS AN ADVERTISEMENT AND NOT EDITORIAL CONTENT. Please note that we do receive compensation for any products you buy or sign up to via this advertisement, and that compensation impacts the ranking and placement of any offers listed herein. We do not present information about every offer available. The information and savings numbers depicted above are for demonstration purposes only, and your results may vary. Compare Quotes From Top-rated Solar Panel Installers Free, No-commitment Estimates Find a Solar Panel Installer
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Several factors affect the efficiency of solar panels.
The type of solar panels determine how much of the sun’s energy is converted to usable electricity and how efficiently it performs the task. Monocrystalline solar panels are the most efficient models currently available for residential installations. The size of the solar panel will determine its maximum potential electrical output.
Once the energy is produced, it must be converted and used or stored for future use. Each component in a solar energy system uses some of the electricity generated. The efficiency of each device will affect the overall system performance.
Not only is the number of hours the sun shines on solar panels crucial for power generation, but the quality of sunshine is also vital. Shade, dust, snow, improper orientation or thin or thick clouds can all negatively impact a solar power system’s performance.
Temperature plays a significant role in solar panel efficiency—specifically heat. As solar panels’ internal and surface temperature rises, their efficiency decreases. In other words, the hotter they get, the less electrical energy they produce.
The ideal operating temperature for solar panels is between 60 and 90 degrees Fahrenheit, and their efficiency rating is calculated in a lab at 77 degrees. A panel’s temperature coefficient rating measures the percentage of efficiency lost for each degree increase above 77 degrees or 25 degrees Celcius.
Because solar panels rely on exposure to sunshine, the orientation and angle of solar panels will affect their performance. The optimal pointing direction for U.S. homes is toward the south at an angle roughly matching the property’s latitude. Deviations will decrease the amount and hours of sunlight that reaches the panels.
Solar panels spend all day and night exposed to airborne dust and debris, such as bird droppings that can land on them and decrease or filter the sunlight that reaches them, making them operate less efficiently. Efficiency drops can be as large as 6% when significant dust has accumulated. Although rain can wash away some of the dust and bird debris, efforts are necessary to clean solar panels periodically regardless of the weather.
Solar energy isn’t the only way to power your home going into the future. Several renewable energy sources are available to today’s consumers, each with its own list of pros and cons. Here are some reasons to consider solar power for your home.
Solar home systems are passive and require little maintenance. In many cases, paying solar-loan installments costs less than the large monthly energy bills you’ll no longer face. When the system is finally paid for, the energy it harnesses is virtually free except for upkeep if necessary. Therefore, according to Forbes Home survey results, 34% of individuals consider saving money on monthly bills as the primary reason for choosing solar energy.
Although the paperwork can be tricky, homes with solar energy systems typically enjoy modestly increased selling values. Solar loans and solar energy leases are usually separated from the other home-buying costs and require extra attention during the process. However, with solar’s popularity soaring, the industry is adjusting accordingly. This has resulted in nearly 80% of Americans believing that solar power increases the value of a home, according to survey results.
A complete solar energy system that meets all of the electrical demands of a house and has battery power storage can run independently from a municipal power grid. That means a large-enough solar energy system can eliminate both your monthly energy bills and power outages as well.
A recent Forbes Home survey revealed that 60% of respondents are concerned about their home’s impact on the environment. Although the manufacturing process of solar panels can have some negative environmental impacts, these effects are significantly less harmful to our planet compared to fossil-fuel-based energy production, as reported by EcoWatch. Solar energy leaves a carbon footprint that is 18 times smaller than that of coal-generated power.
The explosion of solar energy production across the globe continues to add job opportunities in development, technology, manufacturing, transportation, installation and many more renewable energy-related industries.
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To determine the best solar panels ranking, the Forbes Advisor editorial team analyzed 12 top panels, with each panel’s rating determined by evaluating a variety of metrics, including:
A solar panel’s wattage output reflects the maximum potential amount of energy it can produce. The more wattage, the better. We ranked the best solar panels with higher wattages closer to the top of our list.
Efficiency ratings for top manufacturer’s solar panel brands range from 16% to 22% and sometimes slightly more. Generally, as efficiency increases, so too does the cost. To determine our ranking, we awarded panels with high efficiency ratings regardless of price. However, remember that your needs may not require spending more than necessary for highly efficient solar panels.
Solar panel companies that produce solar energy storage devices that pair well with their panels ranked higher on our list.
Our customer service rating is based on each company’s availability, knowledge sharing and ability to answer consumer questions quickly and accurately.
The industry standard for solar panel manufacturer warranties is 25 years. We awarded higher ratings to companies that go beyond the norm by also backing system components and offering performance guarantees. Similarly, the solar energy business is about generating power in a sustainable fashion. Companies that best extend that virtue to the manufacturing and peripheral processes gained favor in our ratings.
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Overall solar panel power comes from a combination of the watts it can produce and its efficiency in delivering that energy to the home’s system. Some of today’s solar panels can generate over 400 watts of power with efficiency ratings of over 22% under ideal conditions.
In our review, REC Solar’s high-end solar panels are the most powerful due to their ability to efficiently deliver high wattages under variable conditions for the longest time.
The best type of solar panels for residential homes depends on the occupants’ needs. A small system with high power and highly efficient monocrystalline panels will be the best choice for homes with little space to commit to solar panels. Consumers with large, open spaces to devote to panels might appreciate the lower costs associated with a larger array of polycrystalline models.
Overall, monocrystalline are considered the best solar panels and most efficient models on the market. After investigating numerous top-contending solar panels of all kinds, our editorial team chose SunPower’s panels as being the best residential solar panels.
The amount of energy your family consumes each year and how much of your home you wish to power with solar energy will determine how many panels of a specific capacity you’ll need. A typical family consumes around 10,000 kWh annually. A system of between 20 and 30 solar panels should meet that need under most circumstances.
Solar panels produce the most power when oriented directly toward the sun. Depending on your earthly location, the optimal angle of approaching sunlight varies. Solar panels in northern latitudes perform best when mounted close to a 45-degree tilt towards the average position of the sun, while those in southern regions do better when installed at 20 to 25 degrees.
Solar panels require very little maintenance. Occasional light cleaning and keeping them free of leaves and debris help them perform at their best. A once-a-year professional inspection helps ensure that your system remains trouble-free for years.
Numerous manufacturers based in China make solar panels for worldwide use. US and Canadian solar panel makers are also fast becoming international contenders.
Surprisingly, solar panels perform better in low temperatures. The coefficient rating for solar panels reflects how well it functions as the panel’s temperature rises. Coefficient ratings are crucial in determining which solar panels work best in hot climates.
SunPower is the top contender in our review with a score of 4.8 and shows up often as the most reputable solar power company across numerous review platforms.
The typical useful lifespan of solar panels is 25 to 30 years. However, panels older than that can still generate power at a reduced rate for several more years.
Solar panels generate less power during times when it’s cloudy, and generate no power at night. That said, any power that is generated, but not used, throughout the day will be stored in the battery for future use. Snow will prohibit solar panels from converting sunshine into power, but most panels are slanted, allowing snow to easily slide off without causing structural issues.
The main disadvantages of solar power include a current lack of carbon-free manufacturing and recycling methods for panels and other components. Also, solar panel efficiency can diminish significantly in locations that don’t receive abundant or regular sunshine, meaning their cost takes longer for homeowners to recover. Large energy storage batteries necessary for systems located in less-than-ideal regions can be cost-prohibitive.
Solar energy systems that don’t incorporate battery backup systems can be subject to reduced energy availability during cloudy or stormy days and at night, making them difficult to use in off-grid situations.
Currently, the highest recorded solar panel efficiency rating took place in a lab and is rumored to have reached over 40% efficiency. However, in more practical conditions, the most highly efficient solar panels available to homeowners is Canadian Solar’s HiHero 445 H-AG model.
Having spent 30+ years in residential construction, contracting, remodeling, maintenance and home repair, Deane now contributes DIY, informational and financial content as a freelance writer and consultant for several publications. Throughout his career, he strived to assist his clients in finding the potential hidden within the walls of every home and empowering them to take control of their household repair and remodeling endeavors. Deane’s primary career goal involves sharing home-related knowledge and providing self-sufficiency tools to as large an audience as possible.
Lowe is a lead editor, covering all things related to home improvement and good design. She previously worked in the decor and lifestyle spaces for digital publishers like Hunker and Ranker and has multiple years of experience creating design and DIY content.
Growatt Hybrid Inverter 3 Phase Samantha is an editor who covers all topics home-related including home improvement and repair. She edited home repair and design content at websites like The Spruce and HomeAdvisor. She also has hosted videos on DIY home tips and solutions and launched multiple home improvement review boards staffed with licensed pros.