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

# Horay Solar vs AEET

Horay Solar has the broader catalog (182 vs 5 models). Horay Solar leads on peak efficiency at 23.30%. Horay Solar leans bifacial (67% of lineup).


## The two companies


| Attribute | Horay Solar | AEET |
| --- | --- | --- |
| Country | China |  |
| Headquarters | Wuxi, Jiangsu Province |  |
| Founded | 2010 |  |
| Employees | 400 |  |
| Annual capacity | 2.5 GW/year |  |
| Tier 1 | yes | no |
| Listed |  |  |
| Website | [http://www.horaysolar.com](http://www.horaysolar.com) |  |

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 | Horay Solar | AEET | Margin |
| --- | --- | --- | --- |
| Panel Models | 182 | 5 | +177 |
| Max Power | 720 W | 200 W | +520 W |
| Avg Power | 536 W | 190 W | +346 W |


## Efficiency


| Measure | Horay Solar | AEET | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.30% | 15.70% | +7.60 pp |
| Avg Efficiency | 22.46% | 14.90% | +7.56 pp |


## Reliability & Warranty


| Measure | Horay Solar | AEET | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.280%/°C | - |  |
| Bifacial Share | 122 (67%) | 0 (0%) | +67 pp |
| Avg Warranty | 30.0 yrs | 25.0 yrs | +5.0 yr |


## Efficiency distribution

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


| Efficiency band | Horay Solar | AEET |
| --- | --- | --- |
| 21-22% | 24 (13.2%) | 0 |
| 22-23% | 133 (73.1%) | 0 |
| 23%+ | 25 (13.7%) | 0 |
| \<20% | 0 | 5 (100.0%) |


## Power distribution

Horay Solar offers more 600W+ panels (20% of lineup)


| Power band | Horay Solar | AEET |
| --- | --- | --- |
| 400-499W | 55 (30.2%) | 0 |
| 500-599W | 91 (50.0%) | 0 |
| 600-699W | 33 (18.1%) | 0 |
| 700W+ | 3 (1.6%) | 0 |
| \<400W | 0 | 5 (100.0%) |


## Cell technology

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

Dominant cell tech: **PERC** (100%)


| Technology | Horay Solar | AEET |
| --- | --- | --- |
| TOPCon | 102 (56.0%) | 0 |
| N-type | 80 (44.0%) | 0 |
| PERC | 0 | 5 (100.0%) |


## 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 |


## Top panels, AEET


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [SE200M(24)F](https://comparepv.com/panel/aeet-se200m-24-f) | 200 | 15.7 | - | Monocrystalline |
| 2 | [SE195M(24)F](https://comparepv.com/panel/aeet-se195m-24-f) | 195 | 15.3 | - | Monocrystalline |
| 3 | [SE190M(24)F](https://comparepv.com/panel/aeet-se190m-24-f) | 190 | 14.9 | - | Monocrystalline |
| 4 | [SE185M(24)F](https://comparepv.com/panel/aeet-se185m-24-f) | 185 | 14.5 | - | Monocrystalline |
| 5 | [SE180M(24)F](https://comparepv.com/panel/aeet-se180m-24-f) | 180 | 14.1 | - | Monocrystalline |


## Summary

I now have enough information to write the comparison. Here it is:

Horay Solar, founded in 2010 and headquartered in China, operates a module manufacturing capacity of 2.5 GW and carries Bloomberg New Energy Finance (BNEF) Tier 1 status as confirmed on both the Q1 2025 and Q1 2026 lists. AEET Energy Group GmbH, by contrast, is a small-scale manufacturer based in Germany offering just five panel models, with no disclosed production volume and no Tier 1 or equivalent bankability recognition. The institutional gap between the two is substantial: Horay's roughly 400-person workforce, export reach across Europe and the United States, and lender-accepted bankability rating stand in sharp contrast to AEET's niche, locally oriented profile.

Horay's 182-panel portfolio reflects a modern, high-performance strategy. Average module power sits at 536 Wp and peaks at 720 Wp, with average cell efficiency of 22.46% reaching a maximum of 23.3%. TOPCon n-type cells account for about 56% of models, and 67% of panels are bifacial, positioning the lineup firmly at utility-scale ground-mount and large commercial rooftop buyers who prioritize energy yield and project finance compatibility. The 30-year product warranty reinforces that durability-focused stance. AEET's offering is far narrower: five models averaging 190 Wp with a ceiling of 200 Wp, average efficiency of 14.9%, no bifacial variants, and cell technology listed as unknown. A 25-year warranty is adequate, but the low wattage and modest efficiency figures are characteristic of panels suited to small off-grid or legacy residential retrofits rather than competitive commercial or utility procurement.

For any mainstream residential, commercial, or utility project in 2025, Horay Solar is the clear default. Its BNEF Tier 1 bankability, broad TOPCon portfolio, strong average efficiency, and 30-year warranty cover virtually the entire procurement landscape where lender due diligence or competitive yield targets apply. AEET may retain a role in very small or constrained off-grid installations where a compact, low-wattage format is genuinely necessary, but even in that niche it competes against better-documented alternatives with clearer technology disclosures.

\---LINKS---

\- https://www.enfsolar.com/horay-solar \| Horay Solar Co., Ltd - ENF Solar Industry Directory \| review

\- https://www.solarfeeds.com/biz/horay-solar-gmbh/ \| Horay Solar Company Overview - Production Capacity and Tier 1 \| article

\- https://www.enfsolar.com/aeet \| AEET Energy Group GmbH - ENF Solar Industry Directory \| review

\- https://energypal.com/best-solar-panels-for-homes/aeet-energy-group \| AEET Energy Group - EnergyPal Buyer's Guide \| review

Sources:

\- \[Horay Solar Recognised as BloombergNEF Tier 1 Manufacturer\](https://www.horaysolar.com/News/230.html)

\- \[Horay Solar Co., Ltd - ENF Solar\](https://www.enfsolar.com/horay-solar)

\- \[AEET Energy Group GmbH - ENF Solar\](https://www.enfsolar.com/aeet)

\- \[Horay Solar Company Overview - SolarFeeds\](https://www.solarfeeds.com/biz/horay-solar-gmbh/)

\- \[AEET Energy Group - EnergyPal\](https://energypal.com/best-solar-panels-for-homes/aeet-energy-group)

Written by claude-sonnet from the figures above.


## Other comparisons

- [Horay Solar vs A.B. Energy](https://comparepv.com/horay-solar-vs-a-b-energy)
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- [Horay Solar vs AIKO](https://comparepv.com/horay-solar-vs-aiko)
- [AKCOME vs AEET](https://comparepv.com/akcome-vs-aeet)
- [Horay Solar vs ARTsolar](https://comparepv.com/horay-solar-vs-artsolar)
- [ASM vs AEET](https://comparepv.com/asm-vs-aeet)


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

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