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Return on Investment

2. Polycrystalline Panels These panels consist of multiple silicon crystals. They are generally larger and less efficient than monocrystalline panels, meaning they require more space for the same output. However, they are often less expensive and may be suitable for larger installations where space is not a primary concern.

2. Technology The type of technology used in solar panels can significantly influence their price. For instance, monocrystalline panels, renowned for their high efficiency and space-saving properties, generally cost more than polycrystalline panels. If efficiency is a priority, investing in a monocrystalline 345 watt solar panel may be worthwhile.