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

# Horay Solar vs Luxen Solar Energy

Horay Solar has the broader catalog (182 vs 151 models). Luxen Solar Energy leads on peak efficiency at 24.80%. Horay Solar leans bifacial (67% of lineup).


## The two companies


| Attribute | Horay Solar | Luxen Solar Energy |
| --- | --- | --- |
| Country | China | China |
| Headquarters | Wuxi, Jiangsu Province | Suzhou |
| Founded | 2010 | 2005 |
| Employees | 400 | 500+ |
| Annual capacity | 2.5 GW/year | 3 GW/year |
| Tier 1 | yes | yes |
| Listed |  |  |
| Website | [http://www.horaysolar.com](http://www.horaysolar.com) | [http://www.luxensolar.com](http://www.luxensolar.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...

Luxen Solar is a global company dedicated to the production and sales of high-power, low-attenuation solar photovoltaic modules. The company was founded in Spain and has since established manufacturing facilities and branches in various countries. Luxen is recognized as a Tier 1 manufacturer by BloombergNEF and is...


## Catalog & Power


| Measure | Horay Solar | Luxen Solar Energy | Margin |
| --- | --- | --- | --- |
| Panel Models | 182 | 151 | +31 |
| Max Power | 720 W | 720 W |  |
| Avg Power | 536 W | 567 W | +31 W |


## Efficiency


| Measure | Horay Solar | Luxen Solar Energy | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.30% | 24.80% | +1.50 pp |
| Avg Efficiency | 22.46% | 22.42% | +0.04 pp |


## Reliability & Warranty


| Measure | Horay Solar | Luxen Solar Energy | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.280%/°C | -0.293%/°C | +0.013 |
| Bifacial Share | 122 (67%) | 78 (52%) | +15 pp |
| Avg Warranty | 30.0 yrs | 29.6 yrs | +0.4 yr |


## Efficiency distribution

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


| Efficiency band | Horay Solar | Luxen Solar Energy |
| --- | --- | --- |
| 21-22% | 24 (13.2%) | 28 (18.5%) |
| 22-23% | 133 (73.1%) | 104 (68.9%) |
| 23%+ | 25 (13.7%) | 17 (11.3%) |
| 20-21% | 0 | 2 (1.3%) |


## Power distribution

Luxen Solar Energy offers more 600W+ panels (43% of lineup)


| Power band | Horay Solar | Luxen Solar Energy |
| --- | --- | --- |
| 400-499W | 55 (30.2%) | 42 (27.8%) |
| 500-599W | 91 (50.0%) | 44 (29.1%) |
| 600-699W | 33 (18.1%) | 58 (38.4%) |
| 700W+ | 3 (1.6%) | 7 (4.6%) |


## Cell technology

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

Dominant cell tech: **N-type** (81%)


| Technology | Horay Solar | Luxen Solar Energy |
| --- | --- | --- |
| TOPCon | 102 (56.0%) | 1 (0.7%) |
| N-type | 80 (44.0%) | 123 (81.5%) |
| Back Contact | 0 | 14 (9.3%) |
| PERC | 0 | 10 (6.6%) |
| Unknown | 0 | 3 (2.0%) |


## 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, Luxen Solar Energy


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [LNET-720ND](https://comparepv.com/panel/luxen-solar-energy-lnet-720nd) | 720 | 23.2 | -0.300 | Monocrystalline |
| 2 | [LNET-715ND](https://comparepv.com/panel/luxen-solar-energy-lnet-715nd) | 715 | 23.0 | -0.300 | Monocrystalline |
| 3 | [LNET-710ND](https://comparepv.com/panel/luxen-solar-energy-lnet-710nd) | 710 | 22.9 | -0.300 | Monocrystalline |
| 4 | [LNET-705N](https://comparepv.com/panel/luxen-solar-energy-lnet-705n) | 705 | 22.7 | -0.290 | Monocrystalline |
| 5 | [LNET-705ND](https://comparepv.com/panel/luxen-solar-energy-lnet-705nd) | 705 | 22.7 | -0.300 | Monocrystalline |
| 6 | [LNET-700N](https://comparepv.com/panel/luxen-solar-energy-lnet-700n) | 700 | 22.5 | -0.290 | Monocrystalline |
| 7 | [LNET-700ND](https://comparepv.com/panel/luxen-solar-energy-lnet-700nd) | 700 | 22.5 | -0.300 | Monocrystalline |
| 8 | [LNET-695ND](https://comparepv.com/panel/luxen-solar-energy-lnet-695nd) | 695 | 22.4 | -0.300 | Monocrystalline |
| 9 | [LNET-695N](https://comparepv.com/panel/luxen-solar-energy-lnet-695n) | 695 | 22.4 | -0.290 | Monocrystalline |
| 10 | [LNET-690N](https://comparepv.com/panel/luxen-solar-energy-lnet-690n) | 690 | 22.2 | -0.290 | Monocrystalline |


## Summary

Horay Solar is a Chinese photovoltaic module manufacturer founded in 2010, headquartered and manufacturing in Wuxi, Jiangsu Province, operating as the successor to the My Solar brand. It has been confirmed on BloombergNEF's Tier 1 bankability list for both Q1 2025 and Q1 2026, and runs fully automated production lines with an annual capacity of roughly 2.5 GW. Luxen Solar Energy has a longer track record, founded in 2005 in Spain, with operational headquarters relocated to Vienna, Austria in 2023; it opened its first production plant in 2011 and earned BloombergNEF Tier 1 status in 2022, with capacity estimated around 3 GW and stated expansion plans toward roughly 10 GW by 2026, giving it a somewhat broader institutional footprint with a presence spanning over 90 regions worldwide.

Both brands cover a wide power range - Horay Solar from 420W to 720W and Luxen from 415W to 675W - serving residential rooftop, commercial and industrial (C&I), and utility-scale ground-mount projects, making either suitable for international buyers sourcing for distributed generation or larger solar farms. Horay Solar's portfolio includes both TOPCon and N-type/PERC cells, with a notable share of bifacial modules well suited to ground-mount installations. Luxen has likewise adopted TOPCon technology alongside older PERC lines, and backs its panels with warranties in the 15 to 20 year product range and performance warranties extending to 30 years.

For a typical international buyer, the two brands are largely comparable in bankability and application scope, both holding Tier 1 status and recognized quality certifications. Luxen may appeal more to buyers who value a longer operating history and wider global distribution network, while Horay Solar's stronger bifacial share can be an advantage for ground-mount utility projects. In practice, the deciding factor should be local distributor support, current pricing, and the specific warranty terms on offer rather than a fundamental gap between the two manufacturers.

Written by claude-sonnet-5 from the figures above.


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Source: https://comparepv.com/horay-solar-vs-luxen-solar-energy

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