---
title: "Canadian Solar vs Horay Solar - Brand Comparison | ComparePV"
description: "Compare Canadian Solar vs Horay Solar solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/canadian-solar-vs-horay-solar"
---

# Canadian Solar vs Horay Solar

Canadian Solar has the broader catalog (292 vs 182 models). Canadian Solar leads on peak efficiency at 24.40%. Horay Solar leans bifacial (67% of lineup).


## The two companies


| Attribute | Canadian Solar | Horay Solar |
| --- | --- | --- |
| Country | Canada | China |
| Headquarters | Kitchener | Wuxi, Jiangsu Province |
| Founded | 2001 | 2010 |
| Employees | 17,113 | 400 |
| Annual capacity | 51 GW/year | 2.5 GW/year |
| Tier 1 | yes | yes |
| Listed | NASDAQ: CSIQ |  |
| Website | [https://www.canadiansolar.com](https://www.canadiansolar.com) | [http://www.horaysolar.com](http://www.horaysolar.com) |

Canadian Solar Inc. is a global renewable energy company founded in 2001. Headquartered in Kitchener, Ontario, it manufactures solar PV modules and provides battery energy storage solutions. The company also develops utility-scale solar power and battery energy storage projects.

Horay Solar is an integrated photovoltaic company specializing in the R&D, production, and sales of solar modules and solar power systems. They are committed to globalization and offer standard and customized solar module solutions. The company's products are exported globally, providing efficient clean energy...


## Catalog & Power


| Measure | Canadian Solar | Horay Solar | Margin |
| --- | --- | --- | --- |
| Panel Models | 292 | 182 | +110 |
| Max Power | 730 W | 720 W | +10 W |
| Avg Power | 472 W | 536 W | +64 W |


## Efficiency


| Measure | Canadian Solar | Horay Solar | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 24.40% | 23.30% | +1.10 pp |
| Avg Efficiency | 20.66% | 22.46% | +1.80 pp |


## Reliability & Warranty


| Measure | Canadian Solar | Horay Solar | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.331%/°C | -0.280%/°C | +0.051 |
| Bifacial Share | 133 (46%) | 122 (67%) | +21 pp |
| Avg Warranty | 28.2 yrs | 30.0 yrs | +1.8 yr |


## Efficiency distribution

Horay Solar skews to higher efficiency: 14% of lineup is 23%+


| Efficiency band | Canadian Solar | Horay Solar |
| --- | --- | --- |
| \<20% | 128 (43.8%) | 0 |
| 20-21% | 36 (12.3%) | 0 |
| 21-22% | 41 (14.0%) | 24 (13.2%) |
| 22-23% | 50 (17.1%) | 133 (73.1%) |
| 23%+ | 37 (12.7%) | 25 (13.7%) |


## Power distribution

Canadian Solar offers more 600W+ panels (24% of lineup)


| Power band | Canadian Solar | Horay Solar |
| --- | --- | --- |
| \<400W | 104 (35.6%) | 0 |
| 400-499W | 72 (24.7%) | 55 (30.2%) |
| 500-599W | 45 (15.4%) | 91 (50.0%) |
| 600-699W | 64 (21.9%) | 33 (18.1%) |
| 700W+ | 7 (2.4%) | 3 (1.6%) |


## Cell technology

Dominant cell tech: **PERC** (67%)

Dominant cell tech: **TOPCon** (56%)


| Technology | Canadian Solar | Horay Solar |
| --- | --- | --- |
| PERC | 195 (66.8%) | 0 |
| TOPCon | 85 (29.1%) | 102 (56.0%) |
| HJT | 12 (4.1%) | 0 |
| N-type | 0 | 80 (44.0%) |


## Top panels, Canadian Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [CS7N-730TB-AG](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-730tb-ag) | 730 | 23.5 | -0.290 | Monocrystalline |
| 2 | [CS7N-725TB-AG](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-725tb-ag) | 725 | 23.3 | -0.290 | Monocrystalline |
| 3 | [CS7N-720TB-AG](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-720tb-ag) | 720 | 23.2 | -0.290 | Monocrystalline |
| 4 | [CS7N-715TB-AG](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-715tb-ag) | 715 | 23.0 | -0.290 | Monocrystalline |
| 5 | [CS7N-710TB-AG](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-710tb-ag) | 710 | 22.9 | -0.290 | Monocrystalline |
| 6 | [CS7N-705TB-AG](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-705tb-ag) | 705 | 22.7 | -0.290 | Monocrystalline |
| 7 | [CS7N-700TB-AG](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-700tb-ag) | 700 | 22.5 | -0.290 | Monocrystalline |
| 8 | [CS7N-695TB-AG](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-695tb-ag) | 695 | 22.4 | -0.290 | Monocrystalline |
| 9 | [CS7N-690TB-AG](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-690tb-ag) | 690 | 22.2 | -0.290 | Monocrystalline |
| 10 | [CS7N-675MS](https://comparepv.com/panel/csi-solar-co-ltd-canadian-solar-cs7n-675ms) | 675 | 21.7 | -0.340 | Monocrystalline |


## Top panels, Horay Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [HS720TC-MHG-D](https://comparepv.com/panel/horay-solar-hs720tc-mhg-d) | 720 | 23.2 | -0.280 | Monocrystalline |
| 2 | [HS710TC-MHG-D](https://comparepv.com/panel/horay-solar-hs710tc-mhg-d) | 710 | 22.9 | -0.280 | Monocrystalline |
| 3 | [HS700TC-MHG-D](https://comparepv.com/panel/horay-solar-hs700tc-mhg-d) | 700 | 22.5 | -0.280 | Monocrystalline |
| 4 | [HS690TC-MHG-D](https://comparepv.com/panel/horay-solar-hs690tc-mhg-d) | 690 | 22.2 | -0.280 | Monocrystalline |
| 5 | [HS680TC-MHG-D](https://comparepv.com/panel/horay-solar-hs680tc-mhg-d) | 680 | 21.9 | -0.280 | Monocrystalline |
| 6 | [HS650TC-MHD-D](https://comparepv.com/panel/horay-solar-hs650tc-mhd-d) | 650 | 23.3 | -0.280 | Monocrystalline |
| 7 | [HS645TC-MHD-D](https://comparepv.com/panel/horay-solar-hs645tc-mhd-d) | 645 | 23.1 | -0.280 | Monocrystalline |
| 8 | [HS640TC-MHD-D](https://comparepv.com/panel/horay-solar-hs640tc-mhd-d) | 640 | 22.9 | -0.280 | Monocrystalline |
| 9 | [HS635TC-MHD-D](https://comparepv.com/panel/horay-solar-hs635tc-mhd-d) | 635 | 22.7 | -0.280 | Monocrystalline |
| 10 | [HS635TC-MHG-D](https://comparepv.com/panel/horay-solar-hs635tc-mhg-d) | 635 | 22.4 | -0.280 | Monocrystalline |


## Summary

Canadian Solar was founded in 2001 and is headquartered in Guelph, Ontario, Canada, though the vast majority of its manufacturing takes place in China. The company has maintained a long-standing position on the BloombergNEF Tier 1 bankability list and operates at an annual module production capacity of approximately 61 GW, placing it firmly among the top five manufacturers globally. Horay Solar, by contrast, was founded in 2010 and is headquartered in Wuxi, China, with a stated annual production capacity of around 2.5 GW. Horay achieved BloombergNEF Tier 1 status in Q1 2025 - a meaningful milestone that reflects genuine progress in manufacturing quality and global project delivery, but one that marks an early stage in its institutional track record. In terms of scale, financing depth, and length of market presence, Canadian Solar carries the stronger institutional footprint by a significant margin.

Canadian Solar fields a broad product portfolio covering residential rooftop, commercial and industrial, and utility-scale ground-mount applications. Its TOPCon lineup - the HiKu6 and BiHiKu6 series for 182mm cells, and the HiKu7 series for 210mm cells - reaches outputs up to 690W and is available in both monofacial and bifacial configurations. In 2025 the company also began delivering its HJT-based Low Carbon modules, targeting utility and C&I buyers with outputs up to 660W and module efficiencies reaching 24.4%. Horay Solar's catalog covers similar technological ground, offering N-Type TOPCon modules in 182mm and 210mm formats with bifacial options, alongside HJT and BC variants. Its range is well-positioned for residential rooftop and smaller commercial installations, and its freshly awarded Tier 1 status gives project financiers a workable basis for larger deals in many markets.

For most buyers - residential homeowners, commercial developers, or utility-scale project financiers - Canadian Solar is the more defensible default. Its decade-long Tier 1 record, massive production scale, and diversified technology portfolio substantially reduce both procurement and financing risk. Horay Solar is a credible and growing manufacturer whose Tier 1 entry is a genuine quality signal, but its shorter international track record makes it a less straightforward choice for bank-financed projects. For smaller installations where bankability requirements are lighter, Horay Solar is a reasonable alternative worth evaluating on price and local distributor support.

Written by claude-sonnet from the figures above.


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Source: https://comparepv.com/canadian-solar-vs-horay-solar

Not in this file, on the page: the distributions above drawn as charts.