Bifacial solar panels are generally more expensive than traditional (monofacial) solar panels. On average, bifacial panels cost about 10 to 20 cents more per watt compared to monofacial panels. In larger utility-scale projects, the cost difference may be smaller, around 1 to 5 cents more per watt.
The higher initial cost of bifacial panels is often offset by their increased energy generation, as they can capture sunlight from both sides, leading to an energy yield increase of approximately 6% to 10% compared to traditional monofacial panels. This improved performance can make bifacial panels more cost-effective over time despite the higher upfront price.
Installation costs can also be higher for bifacial panels due to factors like the need for ground mounts or solar tracking systems, adding roughly $600 to $1,200 extra for a typical 6 kW system. However, their prices have been decreasing and are predicted to fall further by about 23% in the next five years, which may reduce this cost gap.
In summary:
| Panel Type | Cost Difference | Energy Yield | Installation Notes |
|---|---|---|---|
| Bifacial Solar Panels | 10-20 cents more per watt (small scale), 1-5 cents (large scale) | 6-10% higher than monofacial | May require additional mounting/tracking systems, higher installation cost |
| Monofacial Solar Panels | Lower upfront cost | Standard efficiency | Lower installation complexity |
Thus, bifacial solar panels are more expensive initially but offer higher energy output that can justify the higher cost over time.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-bifacial-solar-panels-more-expensive-than-traditional-panels/
