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Horay Solar HS535TC-MHD-D

535 Wp N-type Bifacial 80%
ComparePV verdict

Strong in heat, heavy for its output

Rank 4,970 of 14,129
Compare panels Datasheet PDF
Power (Wp)
535
Strong · top 18%
Efficiency (%)
22.90
Typical · median 22.55%
Density (Wp/m²)
225.3
Typical · median 225.3
Temp (%/°C)
-0.280
Strong · top 23%
Weight (kg)
29.0
Weak · 2.8 kg above median
Warranty (yrs)
30
Typical · median 30 yrs

The Horay Solar HS 199R-120 TC-D Delta series of photovoltaic panels is an advanced solution based on innovative N-type TOPCon cells, which redefine efficiency standards in challenging lighting conditions. Thanks to the use of bifacial double glass technology, these modules effectively utilize light reflected from the ground, significantly increasing total energy yield compared to single-sided counterparts. The Delta design solves the problem of limited installation space, offering high power density while maintaining compact dimensions. The use of rectangular R-type cells allows for better filling of the module surface, which minimizes energy losses and improves the aesthetics of the installation. These panels are characterized by exceptional resistance to PID and LID degradation, guaranteeing stable operation and a fast return on investment for decades. This product is dedicated to demanding prosumers and commercial investors seeking uncompromising durability and a low temperature coefficient. It is precisely the excellent performance at high temperatures that distinguishes this series from the competition, making it an ideal choice for roofs with high solar exposure. By choosing the Delta series, the user receives a product combining modern design with technology that realistically lowers the cost of producing a kilowatt-hour of energy.

Ranking

142 panels in the segment N-type 500-550 W
Metric This panel Median Position in segment Overall rank
Module efficiency 22.90% 22.55% Typical 2,412
Power density 225.3 225.3 Typical 4,265
Temperature coefficient -0.280 -0.290 Strong · top 23% 1,347
Weight per kWp 54.2 50.0 Weak · bottom 21% 8,510
Performance warranty 30 yrs 30 yrs Typical 21
Colour key Strong - top 25% Typical - middle 50% Weak - bottom 25%

Signals from the data

6 positive · 3 caution
Best for

Hot roofs and southern climates.

Not ideal for

Weight-limited structures.

Strengths
-0.280 %/°C temperature coefficient

Top 23% of the N-type 500-550 W segment, against a median of -0.290.

Watch-outs
54.2 kg per kWp

Bottom 21% of the N-type 500-550 W segment, against a median of 50.0.

What owners get
Efficiency above segment median

The 22.2-23.1% efficiency range clearly outperforms two of three peer comparables: DMEGC GHxxxM10T-B66HST and Heliene 144HC M10 SL Bifacial, both at 20.9%. A gap of ~1.3-2.2 percentage points translates into meaningfully higher energy yield per unit of roof area, reducing LCOE.

N-type TOPCon cell technology

N-type cells exhibit LID degradation below 1% in year one, versus up to 2-3% for PERC. A lower temperature coefficient (typically ~-0.30%/°C for TOPCon vs. -0.35%/°C for PERC) delivers higher real-world yield on hot, high-irradiance rooftops - a decisive advantage for south-facing pitches with minimal shading.

Bifacial double-glass - rear-side gain

The bifacial double-glass construction captures albedo from the rear surface. Over high-reflectivity substrates (gravel, white EPDM, snow), a bifaciality factor in the 70-85% range typical for this module class adds 5-15% to annual energy yield compared to monofacial equivalents. The dual-glass encapsulation also eliminates backsheet degradation risk.

BNEF Tier-1 bankable status

Horay Solar has appeared on the BNEF Tier 1 solar module manufacturer list since Q1 2025, confirming financial credibility and module acceptance as collateral by project-finance lenders for commercial and utility-scale projects. The 2,500 MW/year production capacity reduces supply-chain disruption risk.

30-year linear power warranty

The 30-year linear power warranty exceeds the 25-year standard offered by many peers including DMEGC and Heliene. The extended warranty horizon lowers residual risk in long-tenor project finance structures (PPAs, lease agreements).

Trade-offs
Efficiency below segment leader

Gokin GK-5-60HG achieves 24.4% efficiency at the same 540 Wp power class, representing a ~1.3-2.2 percentage-point advantage over the Delta series (22.2-23.1%). The gap likely reflects Gokin's use of back-contact (BC) cell technology; however, in space-constrained installations (small industrial rooftops), this translates to measurably fewer watts per m².

Product warranty only 15 years

The materials and workmanship warranty is 15 years, whereas leading Tier-1 manufacturers - Trina Solar, JA Solar, LONGi - standardly offer 25 years. For institutional investors and projects with 20-25-year financing horizons, the shorter product warranty increases O&M cost risk beyond year 15.

Notes from the database
  • Efficiency of 22.9% matches the N-type 500-550W median
  • Power density of 225.3 W/m² matches the N-type 500-550W median
  • At -0.28%/°C, hot weather performance is typical for N-type 500-550W panels
  • At 29.0 kg, this panel is 2.8 kg heavier than the N-type 500-550W median (26.2 kg) - more demanding for installation crews
  • Bifacial design (80% factor) captures reflected light - adds 4-12% yield on ground-mount or white roof

Specifications

Open datasheet PDF
Nominal power (Pmax) 535 Wp Nameplate at 1000 W/m², 25 °C
Module efficiency 22.90 % Typical Segment median 22.55%
Vmpp · Impp 37.05 V · 14.44 A Operating point at max power
Voc · Isc 43.68 V · 15.38 A Sizes the string length
Max system voltage 1500 V Longer strings than 1000 V modules
Dimensions 2094×1134×30 mm · 2.37 m² of roof
Weight 29.0 kg Weak Weak · 2.8 kg above median
Cells 120 · N-type Monocrystalline
Bifaciality 80 % Rear output as a share of front
Coefficient Pmax -0.280 %/°C Strong top 23% of its segment
Coefficient Voc · Isc -0.230 · 0.040 %/°C
NOCT 45 °C At 800 W/m², 20 °C ambient
Product warranty 15 years Hardware defects only
Performance warranty 30 years Typical median 30 yrs · median 30 yrs
End-of-warranty output 87.4 % Equals 468 W guaranteed
Degradation 1.00 → 0.40 % First year, then annual

Datasheet charts

Open datasheet PDF

Measured curves published by Horay Solar in this model's datasheet. A chart carrying a wattage was measured on that variant alone - only the ones that describe 535 Wp appear here. The rest cover the whole series.

Simulations

Live - change any input
Lifetime output & value
30 years at 1200 kWh/kWp/year and €0.50 per kWh
Power in year 30
-
Lifetime energy
-
Energy value
-
With bifacial gain
-

Degradation from this panel's own datasheet figures. No inverter, soiling or shading losses.

Heat losses
-0.280 %/°C against a segment median of -0.290
-
Bifacial gain
Rear gain over light concrete: -
-

Model: bifaciality × albedo × 0.6 view factor. A first-order estimate, not a yield simulation.

Alternatives

All Horay Solar panels
Filter these
Size
Panel Power Eff. Temp. Weight Difference
Horay Solar HS535TC-MHD-D 535 W 22.90% -0.280 29.0 kg You are here
LR7-54HJD-510M 510 W 25.00% -0.240 23.5 kg Cooler, lighter, +2.1 pp
AIKO-A495-MCE54Mw 495 W 24.80% -0.260 21.0 kg -40 W, lighter, +1.9 pp
LR7-60HVH-560M 560 W 24.80% -0.260 25.0 kg +25 W, lighter, +1.9 pp
LR7-54HJD-505M 505 W 24.70% -0.240 23.5 kg Cooler, lighter, +1.8 pp
WST-505BKX54-A2 505 W 24.70% -0.260 25.0 kg -30 W, lighter, +1.8 pp
LR7-60HVH-555M 555 W 24.60% -0.260 25.0 kg Cooler, lighter, +1.7 pp
AIKO-A490-MCE54Mw 490 W 24.50% -0.260 21.0 kg -45 W, lighter, +1.6 pp
HS520TC-MHO 520 W 21.90% -0.280 24.5 kg -15 W, lighter, -1.0 pp
HS525TC-MHO 525 W 22.10% -0.280 24.5 kg -10 W, lighter, -0.8 pp
HS530TC-MHO 530 W 22.30% -0.280 24.5 kg Lighter, -0.6 pp
GKA120N-PRO-590W 590 W 23.82% -0.300 26.7 kg +55 W, lighter, +0.9 pp
GKA120N-PRO-585W 585 W 23.62% -0.300 26.7 kg +50 W, lighter, +0.7 pp
BGO 580 580 W 23.50% -0.290 26.0 kg +45 W, lighter, +0.6 pp
GKA120N-PRO-580W 580 W 23.42% -0.300 26.7 kg +45 W, lighter, +0.5 pp

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About the HS 199R-120 TC-D Delta series

6 answered

These answers cover the whole series. Where a figure differs, the specification above is this module's own.

What does N-type TOPCon technology mean in the Horay Solar HS 199R-120 TC-D Delta, and why is it better than PERC?
N-type TOPCon cells deliver higher conversion efficiency and lower annual degradation than conventional PERC cells. In practice, this means more energy from the same roof area and better performance under diffuse light or partial overcast conditions. The Delta series reaches a peak power of 540 Wp thanks to this technology, resulting in a lower LCOE over the full service life.
What is the warranty on the Horay Solar HS 199R-120 TC-D Delta panels?
The manufacturer provides a 15-year product warranty covering material and workmanship defects, plus a 30-year linear power output warranty. The latter guarantees that after 30 years the modules will still produce a specified percentage of their rated power. These terms are standard for Tier 1 manufacturers and are comparable to those offered by leading global brands.
Are the bifacial Horay Solar Delta panels suitable for a typical dark sloped tile roof?
Bifacial technology yields the greatest benefit when installed above a highly reflective surface such as a white membrane or light-colored gravel. On a typical dark sloped roof the bifacial gain is minimal, but the panel still operates very efficiently thanks to its N-type TOPCon cells and strong resistance to PID and LID. The dual-glass construction also adds superior moisture resistance and mechanical durability, which is an advantage regardless of roof type.
How does the HS 199R-120 TC-D Delta series perform in high summer temperatures?
N-type TOPCon cells have a lower temperature coefficient than older P-type cells, meaning a smaller power drop as the module heats up on a sunny day. The Delta series is specifically recommended for highly irradiated roofs for this reason. In real-world conditions the difference can amount to several percentage points of annual energy yield compared with panels that carry a higher temperature coefficient.
Is Horay Solar a reliable manufacturer, and is the Delta series available in Poland?
Horay Solar is listed as a Bloomberg NEF Tier 1 manufacturer, confirming financial stability and production scale. The company is headquartered in China and regularly exports modules across Europe. The HS 199R-120 TC-D Delta series is available through authorized renewable energy distributors in Poland, though availability of specific power variants should be confirmed with the supplier.
How do the rectangular R-type cells and Delta construction in the Horay Solar series differ from standard solar panels?
Rectangular R-type cells fill the module surface more efficiently than conventional square cells, eliminating dead zones and maximizing the active power-generating area. The Delta construction is designed for installations with limited roof space, delivering higher power density per square meter. Together they allow more watts to be fitted on irregular or smaller roof shapes without compromising output.
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