Each module is rated by its DC output power under standard test conditions (STC). Power typically ranges from 100 to 365 Watts (W). The efficiency of a module determines the area of a module given the same rated output – an 8% efficient 230 W module will have twice the area of a 16% efficient 230 W module. Some commercially available solar modules exceed 24% efficiency.

Depending on construction, photovoltaic modules can produce electricity from a range of frequencies of light, but usually cannot cover the entire solar range (specifically, ultraviolet, infrared and low or diffused light). Hence, much of the incident sunlight energy is wasted by solar modules, and they can give far higher efficiencies if illuminated with monochromatic light. Therefore, another design concept is to split the light into six to eight different wavelength ranges that will produce a different color of light, and direct the beams onto different cells tuned to those ranges. This has been projected to be capable of raising efficiency by 50%.

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