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Solar-cell efficiency

Ratio of energy extracted from sunlight in solar cells

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Through Solar cell, Thermal conduction and Electromagnetic spectrum

As of 2024, the record for solar cell efficiency was 47.6%, set in May 2022 by Fraunhofer ISE, with a III-V four-junction concentrating photovoltaic (CPV) cell. The record in real-world conditions is held by NREL, which developed triple junction cells with a tested efficiency of 39.5%.

Commercial solar modules may exceed 24% efficiency. As of 2025, the best reached 24.5%, typically lower than their cells in isolation. The most efficient mass-produced solar modules have power density values of 175 W/m2 (16.22 W/ft2).

In 2026 using triple III-V germanium cells and shingled matrix technology to interconnect cells, Fraunhofer achieved efficiency of 34.4%. An important innovation was the use of direct cell-to-cell contact, eliminating traditional solder-coated copper ribbons and the resulting shading of active cell areas.

Several factors affect conversion efficiency, including its reflectance, thermodynamic efficiency, charge carrier separation efficiency, charge carrier collection efficiency and conduction efficiency values. Because these parameters are difficult to directly measure, other parameters are measured instead, including quantum efficiency, open-circuit voltage (VOC) ratio, and § Fill factor. Reflectance losses are accounted for by the quantum efficiency value, as they affect external quantum efficiency. Recombination losses are accounted for by these factors. Resistive losses are predominantly accounted for by the fill factor value, but also contribute to the others.

Depending on construction, photovoltaic modules can produce electricity from a range of frequencies of light, but usually cannot cover the entire solar radiation range (specifically, ultraviolet, visible, infrared and low or diffused light). Hence, much of the incident sunlight energy is not processed by solar modules. Theoretically, sunlight could be split into wavelength bands (each a different color), each directed onto cells tuned to those ranges that would convert that band more efficiently.

History

Until 2024 the record was 47.1%, set in 2019 by multi-junction concentrator solar cells developed at National Renewable Energy Laboratory (NREL), Golden, Colorado, USA, which was set in lab conditions, under extremely concentrated light.

In early 2026, Fraunhofer ISE announceed a 34.2% efficient 883 cm2 (136.9 sq in) module. The module used triple III-V germanium cells. The unit was an adaptation of its space cell to the terrestrial solar spectrum.

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