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What is the difference between monocrystalline and polycrystalline PV panels?

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What is the difference between monocrystalline and polycrystalline PV panels?

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Monocrystalline panels tend to be slightly more expensive than polycrystalline panels, however monocrystalline panels are regarded as having a higher output per kW peak power installed. Polycrystalline wafer has a dark blue colour, monocrystalline wafer is black.

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