Are bifacial solar panels expensive?

Solar energy technology is developing rapidly in today's world, and bifacial solar panels have attracted much attention as an emerging technology. However, the lingering question in people's minds is: Is this efficient bifacial solar panel expensive? To explore this issue in depth, we need to analyze the cost of bifacial solar panels and its influencing factors from multiple angles.

The biggest highlight of bifacial solar panels is that both sides can capture sunlight and generate electricity. Traditional single-sided panels can only collect light on one side, while bifacial panels can also perform photoelectric conversion on the back by adding electrodes on the back. In this way, the power generation efficiency of bifacial panels can theoretically be improved by about 10% to 30% compared with single-sided panels. The actual efficiency improvement also depends on the installation environment, such as surface reflectivity and scattered light intensity.

Bifacial solar panels have a high material cost due to their complex structure. In addition to the cells on the front, the cells on the back also require precise manufacturing processes. In addition, bifacial panels require more silver paste for the production of the back electrode, which undoubtedly increases the cost. According to market data, the current manufacturing cost of bifacial panels is about 10% to 20% higher than that of single-sided panels.

Despite the high material costs, technological progress is rapidly driving down production costs. In recent years, with the rapid development of photovoltaic technology, the localization of production equipment and materials has continued to increase, and costs have been reduced year by year. For example, according to industry reports, the manufacturing cost of bifacial solar panels has fallen by more than 30% in the past five years and is expected to continue to fall in the next few years.

Another important factor affecting the cost of bifacial solar panels is production scale and technological upgrading. Large-scale production can effectively dilute fixed costs, thereby reducing the cost of a single panel. Technological advances have not only improved production efficiency, but also reduced losses in the production process, further reducing costs. For example, the application of PERC (passivated emitter and rear surface cell) technology and heterojunction technology has significantly improved the efficiency of panels, while the cost is gradually approaching the level of traditional panels.

In the long run, although bifacial solar panels have a higher initial investment, their total power generation over the entire life cycle is higher, so the levelized cost of electricity (LCOE) may be more advantageous. The levelized cost of electricity is an important indicator for evaluating the economic feasibility of power generation systems, which comprehensively considers equipment costs, installation and operation and maintenance costs, power generation efficiency, and life span. Because bifacial panels have higher power generation efficiency, they can generate more power under the same area, which means that the production cost per unit of electricity is lower, which offsets the disadvantage of high initial investment to a certain extent.

In addition to direct material and manufacturing costs, installation and maintenance costs are also important factors affecting the overall cost of bifacial panels. Since bifacial panels have high requirements for the reflectivity of the installation environment, they usually need to be installed on surfaces with good reflective effects, such as white roofs or ground with high reflectivity. This may require additional treatment of the installation site, increasing the initial installation cost and complexity.

By deeply understanding the cost structure and influencing factors of bifacial solar panels, we can see that despite its high initial cost, its economic and environmental benefits in long-term use cannot be ignored. In the future, we look forward to seeing bifacial solar panels shine in more regions and applications and make greater contributions to the global clean energy cause.

As a bifacial solar panel factory, we are committed to providing customers with high-performance and cost-effective bifacial panel products to help achieve the widespread application of green energy and sustainable development goals.

http://www.fgnexsolar.com
Wuxi Fgnex Technology Co., Ltd.