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

# Horay Solar vs Solar N Plus

Horay Solar has the broader catalog (182 vs 149 models).


## The two companies


| Attribute | Horay Solar | Solar N Plus |
| --- | --- | --- |
| 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 | Solar N Plus | Margin |
| --- | --- | --- | --- |
| Panel Models | 182 | 149 | +33 |
| Max Power | 720 W | 720 W |  |
| Avg Power | 536 W | 506 W | +30 W |


## Efficiency


| Measure | Horay Solar | Solar N Plus | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.30% | 23.30% |  |
| Avg Efficiency | 22.46% | 21.96% | +0.50 pp |


## Reliability & Warranty


| Measure | Horay Solar | Solar N Plus | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.280%/°C | -0.316%/°C | +0.036 |
| Bifacial Share | 122 (67%) | 111 (74%) | +7 pp |
| Avg Warranty | 30.0 yrs | 29.7 yrs | +0.3 yr |


## Efficiency distribution

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


| Efficiency band | Horay Solar | Solar N Plus |
| --- | --- | --- |
| 21-22% | 24 (13.2%) | 42 (28.2%) |
| 22-23% | 133 (73.1%) | 70 (47.0%) |
| 23%+ | 25 (13.7%) | 16 (10.7%) |
| 20-21% | 0 | 21 (14.1%) |


## Power distribution

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


| Power band | Horay Solar | Solar N Plus |
| --- | --- | --- |
| 400-499W | 55 (30.2%) | 77 (51.7%) |
| 500-599W | 91 (50.0%) | 36 (24.2%) |
| 600-699W | 33 (18.1%) | 19 (12.8%) |
| 700W+ | 3 (1.6%) | 10 (6.7%) |
| \<400W | 0 | 7 (4.7%) |


## Cell technology

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

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


| Technology | Horay Solar | Solar N Plus |
| --- | --- | --- |
| TOPCon | 102 (56.0%) | 83 (55.7%) |
| N-type | 80 (44.0%) | 26 (17.4%) |
| PERC | 0 | 35 (23.5%) |
| Unknown | 0 | 5 (3.4%) |


## 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, Solar N Plus


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [SP-N18/132HG-720W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-720w) | 720 | 23.2 | -0.300 | Monocrystalline |
| 2 | [SP-N18/132HG 720](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-720) | 720 | 23.2 | -0.300 | Monocrystalline |
| 3 | [SP-N18/132HG-715W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-715w) | 715 | 23.0 | -0.300 | Monocrystalline |
| 4 | [SP-N18/132HG 715](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-715) | 715 | 23.0 | -0.300 | Monocrystalline |
| 5 | [SP-N18/132HG-710W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-710w) | 710 | 22.9 | -0.300 | Monocrystalline |
| 6 | [SP-N18/132HG 710](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-710) | 710 | 22.9 | -0.300 | Monocrystalline |
| 7 | [SP-N18/132HG-705W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-705w) | 705 | 22.7 | -0.300 | Monocrystalline |
| 8 | [SP-N18/132HG 705](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-705) | 705 | 22.7 | -0.300 | Monocrystalline |
| 9 | [SP-N18/132HG-700W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-700w) | 700 | 22.5 | -0.300 | Monocrystalline |
| 10 | [SP-N18/132HG 700](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-700) | 700 | 22.5 | -0.300 | Monocrystalline |


## Summary

Horay Solar is a Chinese manufacturer headquartered in Wuxi, Jiangsu Province, founded in 2010 and active in the photovoltaic sector for roughly fifteen years. The company holds confirmed BloombergNEF Tier 1 status as of Q1 2026, signalling recognised bankability for project-finance purposes, and operates an annual module production capacity of approximately 2.5 GW. Solar N Plus New Energy Technology Co., Ltd is also a Chinese manufacturer, vertically integrated across cells and modules, with production bases spread across Jiangsu, Anhui, and Yunnan provinces. The company claims an available manufacturing capacity of around 20 GW, with a further 10 GW reportedly under construction - figures that would place it among the larger emerging Chinese producers. No BNEF Tier 1 listing has been confirmed for Solar N Plus in publicly available 2025-2026 data, which gives Horay Solar the meaningfully stronger institutional footprint on that benchmark.

Horay Solar's product range covers residential rooftop, commercial and industrial, and utility-scale ground-mount applications. The portfolio includes bifacial modules across multiple cell formats, and the company has confirmed TOPCon, HJT, and back-contact technologies within its lineup. Its larger utility-side products, including the Galaxy-series high-wattage modules, have been noted for competitive wind-load ratings alongside strong output figures. Solar N Plus positions itself primarily as a TOPCon specialist: the company focuses on N-type TOPCon cells and modules and cites mass-production cell efficiencies of around 26%, which, if independently verified, would represent a leading industry figure. Its scale and vertical integration suggest a primary orientation toward large commercial and utility-scale buyers rather than the residential segment.

For a typical buyer who prioritises bankability and long-term warranty assurance backed by a documented track record, Horay Solar's confirmed BNEF Tier 1 status makes it the lower-risk default in 2026. Solar N Plus may appeal to project developers seeking competitive TOPCon pricing at high volumes, but the absence of confirmed Tier 1 recognition means additional due diligence on project-financing terms is advisable. The two brands are not straightforwardly interchangeable: Horay Solar offers a broader multi-technology portfolio and clearer bankability credentials, while Solar N Plus is a more narrowly specialised, higher-scale TOPCon-focused producer whose institutional standing remains harder to verify independently.

Written by claude-sonnet from the figures above.


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Source: https://comparepv.com/horay-solar-vs-solar-n-plus

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