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1. Material Composition The type of material used in solar panels plays a significant role in determining efficiency. Monocrystalline panels, made from high-purity silicon, typically offer the highest efficiency rates, often between 15% and 22%. Polycrystalline panels, which are made from multiple silicon crystals, tend to be less efficient, ranging from 13% to 16%. Emerging technologies such as thin-film solar cells also contribute to efficiency discussions, although they generally lag behind crystalline panels in performance.