Bifacial Solar Modules – Does it still make sense to use Monofacial?
Back in 2020, we published a blog outlining the benefits of Bifacial Solar PV Modules, demonstrating that they offered the lowest Levelized Cost of Energy (LCOE) when it comes to Solar and suggesting that Bifiacials are likely the future of photovoltaics.
Bifacial Solar Panels Offer Lowest Levelized Cost of Energy for Solar
Bifacial PV is currently a hot trend in solar. While bifacial panels are still more expensive than traditional monofacial panels, they offer a significant increase to energy production in the right circumstances. This means a quicker payback and a lower Levelized Cost of Energy (LCOE) for the solar project. In fact, a recent study conducted by Joule shows that bifacial-1T installations (meaning a bifacial solar array mounted on a single-axis tracker) increase energy yield by 35% and reach the lowest levelized cost of electricity (LCOE) for the majority of the world (93.1% of the land area).[1] These numbers are likely to improve as production costs continue trending downward and new efficiencies in the technology are discovered.