Are bifacial solar panels a viable option?

As the prices become more competitive with monofacial panels, bifacial panels are becoming an attractive option for both utility-scale and distributed solar projects. The bifacial solar market presents significant opportunities for growth driven by several factors.

Do bifacial solar panels cost more?

When evaluating the cost of bifacial solar panels, it's essential to take a long-term view. While they may have a higher upfront cost, they often provide better returns on investment due to their increased efficiency and energy production. Here are some cost-related considerations:

Why is the bifacial solar market growing?

The bifacial solar market presents significant opportunities for growth driven by several factors. Firstly, the increasing global demand for renewable energy sources is propelling the adoption of bifacial technology, which captures sunlight from both sides of the panel, enhancing energy yields by up to 30% compared to traditional panels.

What are bifacial solar panels?

Among the various advancements in solar technology, bifacial solar panels have taken center stage. These innovative panels have the potential to revolutionize the solar industry by capturing sunlight not only from the front but also from the rear side, significantly increasing energy generation.

How much power does a bifacial solar panel get?

Usually, it gives you up to 30% of the front side’s production. For example, a 400 Watt bifacial solar panel gets a 130 Watt bonus if the conditions are good. Since the backside of the bifacial panel is made to work with diffused light, it performs well in low light conditions, such as cloudy weather, fall and winter days.

What is the global bifacial solar market size?

"The quality of research they have done for us has been excellent." The global bifacial solar market size was estimated at USD 16.07 billion in 2023 and is expected to grow at a CAGR of 15.1% from 2024 to 2030.