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

# Horay Solar vs Phono Solar

Horay Solar has the broader catalog (182 vs 174 models). Phono Solar leads on peak efficiency at 23.50%. Horay Solar leans bifacial (67% of lineup).


## The two companies


| Attribute | Horay Solar | Phono Solar |
| --- | --- | --- |
| Country | China | China |
| Headquarters | Wuxi, Jiangsu Province | Nanjing |
| Founded | 2010 | 2004 |
| Employees | 400 | 13000+ |
| Annual capacity | 2.5 GW/year | 3-4 GW/year |
| Tier 1 | yes | yes |
| Listed |  |  |
| Website | [http://www.horaysolar.com](http://www.horaysolar.com) | [https://www.phonosolar.com](https://www.phonosolar.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...

Phono Solar Technology Co., Ltd. specializes in the research, development, and manufacture of photovoltaic solar panels and is a global provider of solar products and services. The company is affiliated with SUMEC Group, a subsidiary of China National Machinery Industry Corporation (SINOMACH). Phono Solar has been...


## Catalog & Power


| Measure | Horay Solar | Phono Solar | Margin |
| --- | --- | --- | --- |
| Panel Models | 182 | 174 | +8 |
| Max Power | 720 W | 730 W | +10 W |
| Avg Power | 536 W | 515 W | +21 W |


## Efficiency


| Measure | Horay Solar | Phono Solar | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.30% | 23.50% | +0.20 pp |
| Avg Efficiency | 22.46% | 21.77% | +0.69 pp |


## Reliability & Warranty


| Measure | Horay Solar | Phono Solar | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.280%/°C | -0.306%/°C | +0.026 |
| Bifacial Share | 122 (67%) | 74 (43%) | +25 pp |
| Avg Warranty | 30.0 yrs | 27.1 yrs | +2.9 yr |


## Efficiency distribution

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


| Efficiency band | Horay Solar | Phono Solar |
| --- | --- | --- |
| 21-22% | 24 (13.2%) | 53 (30.5%) |
| 22-23% | 133 (73.1%) | 62 (35.6%) |
| 23%+ | 25 (13.7%) | 19 (10.9%) |
| \<20% | 0 | 3 (1.7%) |
| 20-21% | 0 | 37 (21.3%) |


## Power distribution

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


| Power band | Horay Solar | Phono Solar |
| --- | --- | --- |
| 400-499W | 55 (30.2%) | 78 (44.8%) |
| 500-599W | 91 (50.0%) | 51 (29.3%) |
| 600-699W | 33 (18.1%) | 23 (13.2%) |
| 700W+ | 3 (1.6%) | 12 (6.9%) |
| \<400W | 0 | 10 (5.7%) |


## Cell technology

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

Dominant cell tech: **PERC** (37%)


| Technology | Horay Solar | Phono Solar |
| --- | --- | --- |
| TOPCon | 102 (56.0%) | 53 (30.5%) |
| N-type | 80 (44.0%) | 50 (28.7%) |
| PERC | 0 | 65 (37.4%) |
| HJT | 0 | 5 (2.9%) |
| Back Contact | 0 | 1 (0.6%) |


## 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, Phono Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [PS730M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps730m13gfh-22-wshw) | 730 | 23.5 | -0.240 | Monocrystalline |
| 2 | [NS-730MH-132](https://comparepv.com/panel/phono-solar-ns-730mh-132) | 730 | 23.5 | -0.290 | Monocrystalline |
| 3 | [PS725M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps725m13gfh-22-wshw) | 725 | 23.3 | -0.240 | Monocrystalline |
| 4 | [PS720M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps720m13gfh-22-wshw) | 720 | 23.2 | -0.240 | Monocrystalline |
| 5 | [NS-720MH-132](https://comparepv.com/panel/phono-solar-ns-720mh-132) | 720 | 23.2 | -0.290 | Monocrystalline |
| 6 | [PS715M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps715m13gfh-22-wshw) | 715 | 23.0 | -0.240 | Monocrystalline |
| 7 | [PS710M13GFH-22/WNH](https://comparepv.com/panel/phono-solar-technology-co-ltd-ps710m13gfh-22-wnh) | 710 | 22.9 | -0.290 | Monocrystalline |
| 8 | [PS710M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps710m13gfh-22-wshw) | 710 | 22.9 | -0.240 | Monocrystalline |
| 9 | [NS-710MH-132](https://comparepv.com/panel/phono-solar-ns-710mh-132) | 710 | 22.9 | -0.290 | Monocrystalline |
| 10 | [PS705M13GFH-22/WNH](https://comparepv.com/panel/phono-solar-technology-co-ltd-ps705m13gfh-22-wnh) | 705 | 22.7 | -0.290 | Monocrystalline |


## Summary

Horay Solar is a Chinese manufacturer founded in 2010 and headquartered in Wuxi, Jiangsu Province, with a reported annual production capacity of approximately 2.5 GW. The company achieved BloombergNEF Tier 1 recognition in Q1 2025, marking its entry into the bankability tier that project financiers and large-scale EPCs typically require. Phono Solar Technology Co., Ltd., based in Nanjing, was established in 2004 under the SUMEC Group - a subsidiary of Sinomach, China's state-owned National Machinery Industry Corporation with revenues exceeding $43 billion. Phono Solar has maintained continuous BNEF Tier 1 status since 2014, has cumulatively shipped more than 20 GW of modules, and operates module production capacity of approximately 4 GW. On institutional depth and bankability track record, Phono Solar holds a considerably stronger position in global markets.

Horay Solar's current lineup centers on N-type TOPCon modules in 182 mm and 210 mm cell formats, offered in both standard and bifacial configurations, covering residential rooftop, commercial, and industrial applications. The company has also integrated upstream into mounting structures and aluminum frames, offering a broader supply scope. Phono Solar covers a wider technology range - including PERC, TOPCon, HJT, and bifacial - with power outputs spanning roughly 400 Wp to beyond 700 Wp, making it a credible choice across residential, commercial and industrial (C&I), and utility-scale ground-mount segments. Its broader portfolio gives developers more flexibility when sourcing across different project types.

For buyers prioritizing long-term bankability and supply security - particularly on larger commercial or utility projects requiring project finance - Phono Solar is the safer default, given its decade-long Tier 1 standing and Sinomach's institutional backing. Horay Solar is a credible and growing alternative for buyers comfortable with a newer entrant, particularly on residential or smaller C&I projects where distributor relationships and panel price matter more than institutional pedigree. The two brands are not interchangeable in terms of market track record, though at the module technology level their TOPCon offerings occupy broadly similar competitive ground.

Written by claude-sonnet from the figures above.


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

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