The cost of bifacial solar panels is generally higher than that of traditional monofacial solar panels. On average, bifacial panels cost about 10 to 20 cents more per watt compared to monofacial panels. For larger utility-scale projects, this cost difference can be smaller, around 1 to 5 cents more per watt.
In terms of total system costs for residential installations, bifacial panel systems tend to be more expensive. For example, a bifacial system for a medium-sized home could cost between £5,500 and £6,600 including installation, whereas a comparable monofacial system might range from £4,000 to £5,000 installed. Additional installation costs such as special mounting or tracking systems may add $600 to $1,200 more for a typical 6 kW bifacial system.
However, this higher upfront cost is often offset by bifacial panels’ increased energy generation, typically 6% to 10% more than traditional monofacial panels under optimal conditions. Bifacial panels capture sunlight on both sides, potentially reaching efficiency ratings of up to 30%, compared to 15-20% for monofacial panels.
Thus, bifacial panels cost more initially but can provide better long-term value due to higher energy yields and greater overall efficiency. Additionally, tariff exemptions on bifacial panels in the U.S. have improved their price competitiveness in recent years.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-does-the-cost-of-bifacial-panels-compare-to-traditional-panels/
