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Horay Solar HS535TC-MHO-D

535 Wp TOPCon Bifacial 80%
ComparePV verdict

Strong in heat, heavy for its output

Rank 5,435 of 14,129
Compare panels Datasheet PDF
Power (Wp)
535
Strong · top 10%
Efficiency (%)
22.50
Typical · median 22.74%
Density (Wp/m²)
225.3
Typical · median 227.4
Temp (%/°C)
-0.280
Strong · top 10%
Weight (kg)
29.0
Weak · 2.0 kg above median
Warranty (yrs)
30
Typical · median 30 yrs

The Horay Solar HS 182-132 TC-D Ocean series consists of double-sided N-type modules designed to maximize energy yield in environments where every kilowatt-hour counts, even under diffuse light and in challenging weather conditions. Thanks to bifacial technology, the panel can effectively utilize reflected light from the ground (e.g., a light roof, sand, or membrane), which significantly improves production compared to single-sided solutions. The use of N-type cells promotes lower degradation over time and more stable operation of the installation, which is particularly important for investors seeking predictable returns.

This series also features a glass-glass construction, which increases resistance to environmental factors and reduces the risk of microcracks during transport and installation. The modules utilize SMBB, which supports better current collection and improves the panel's performance under partial shading. This makes it a good choice for PV farms, commercial installations, and rooftop projects that require high durability and reliability.

Ranking

435 panels in the segment TOPCon 500-550 W
Metric This panel Median Position in segment Overall rank
Module efficiency 22.50% 22.74% Typical 4,281
Power density 225.3 227.4 Typical 4,265
Temperature coefficient -0.280 -0.290 Strong · top 10% 1,347
Weight per kWp 54.2 52.4 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

Commercial and shaded-installations.

Not ideal for

Weight-limited structures.

Strengths
-0.280 %/°C temperature coefficient

Top 10% of the TOPCon 500-550 W segment, against a median of -0.290. Ranked 1,347th in the whole database.

Watch-outs
54.2 kg per kWp

Bottom 21% of the TOPCon 500-550 W segment, against a median of 52.4.

What owners get
Module efficiency 21.9-22.7% above segment median

At the same 540 Wp nominal power, peer comparables DMEGC GHxxxM10T-B66HST and Heliene 144HC M10 SL Bifacial reach only 20.9% efficiency. The Horay HS 182-132 TC-D requires approximately 8% less installation area for the same installed capacity - a meaningful advantage on space-constrained rooftops or ground-mount sites.

N-type TOPCon - low degradation and no LID

N-type cells are immune to Light-Induced Degradation (LID) and exhibit an annual degradation rate of ~0.40% vs. ~0.55-0.70% for legacy P-type PERC. Over a 30-year system lifetime this translates to several additional percentage points of retained power output compared to PERC equivalents in the same wattage class.

Dual-glass construction - durability and reliability

The rear glass replaces a polymer backsheet, reducing annual degradation to ~0.45% vs. ~0.70% for glass-backsheet configurations. It eliminates laminate delamination risk, PID (Potential-Induced Degradation), and moisture ingress - particularly valuable for utility-scale PV farms and commercial installations with a projected operational life exceeding 25 years.

Bifacial + SMBB - higher energy yield

Bifacial technology enables an additional 10-25% energy generation from reflected irradiance (albedo ~0.25-0.50 for white membranes or gravel). Super Multi Busbar (SMBB) shortens current collection paths, reduces resistive losses, and improves the module's tolerance to partial shading, directly boosting annual yield under real-world non-ideal conditions.

BNEF Tier-1 Q1 2025 & Q1 2026 + 30-year power warranty

Horay Solar is listed on the BloombergNEF Tier 1 PV Module Manufacturer ranking in both Q1 2025 and Q1 2026, confirming bankability and facilitating project financing and insurance for commercial installations. The 30-year linear power warranty meets the premium standard for N-type modules and underpins predictable LCOE throughout the full investment cycle.

Trade-offs
Dual-glass weight ~28-32 kg

The glass-glass construction is approximately 25-35% heavier than glass-backsheet equivalents (~21-22 kg for this power class). For rooftop installations this may require a structural load assessment and additional mounting hardware, raising BoS costs and potentially ruling the series out for lightweight roof coverings.

Lower efficiency vs. BC-technology peers at 540 Wp

Peer comparable Gokin GK-5-60HG (540 Wp) achieves 24.4% efficiency - approximately 1.7 percentage points above the 22.7% maximum of this series. For space-constrained industrial rooftops this means roughly 8% more Horay modules are needed to reach the same installed capacity as a back-contact solution.

Notes from the database
  • Efficiency of 22.5% matches the TOPCon 500-550W median
  • Power density of 225.3 W/m² matches the TOPCon 500-550W median
  • Temperature coefficient of -0.28%/°C matches the TOPCon 500-550W median
  • At 29.0 kg (2.0 kg above TOPCon 500-550W median of 27.0 kg), requires checking roof load capacity
  • 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 22.50 % Typical Segment median 22.74%
Vmpp · Impp 40.44 V · 13.23 A Operating point at max power
Voc · Isc 48.04 V · 14.29 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 · 2.0 kg above median
Cells 132 · TOPCon Monocrystalline
Bifaciality 80 % Rear output as a share of front
Coefficient Pmax -0.280 %/°C Strong top 10% 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

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-MHO-D 535 W 22.50% -0.280 29.0 kg You are here
LR7-54HJD-510M 510 W 25.00% -0.240 23.5 kg Cooler, lighter, +2.5 pp
AIKO-A495-MCE54Mw 495 W 24.80% -0.260 21.0 kg -40 W, lighter, +2.3 pp
LR7-60HVH-560M 560 W 24.80% -0.260 25.0 kg +25 W, lighter, +2.3 pp
LR7-54HJD-505M 505 W 24.70% -0.240 23.5 kg Cooler, lighter, +2.2 pp
WST-505BKX54-A2 505 W 24.70% -0.260 25.0 kg -30 W, lighter, +2.2 pp
LR7-60HVH-555M 555 W 24.60% -0.260 25.0 kg Cooler, lighter, +2.1 pp
AIKO-A490-MCE54Mw 490 W 24.50% -0.260 21.0 kg -45 W, lighter, +2.0 pp
HS520TC-MHO 520 W 21.90% -0.280 24.5 kg -15 W, lighter, -0.6 pp
HS525TC-MHO 525 W 22.10% -0.280 24.5 kg -10 W, lighter, -0.4 pp
HS530TC-MHO 530 W 22.30% -0.280 24.5 kg Lighter
GKA120N-PRO-590W 590 W 23.82% -0.300 26.7 kg +55 W, lighter, +1.3 pp
GKA120N-PRO-585W 585 W 23.62% -0.300 26.7 kg +50 W, lighter, +1.1 pp
BGO 580 580 W 23.50% -0.290 26.0 kg +45 W, lighter, +1.0 pp
GKA120N-PRO-580W 580 W 23.42% -0.300 26.7 kg +45 W, lighter, +0.9 pp

Found 405 panels of the same or similar size to this one, within ±10 mm. See them here Found 416 panels of the same or similar size to this one, within ±25 mm. See them here Found 433 panels of the same or similar size to this one, within ±50 mm. See them here Found 961 panels of the same or similar size to this one, within ±100 mm. See them here

About the HS 182-132 TC-D Ocean (N-type bifacial modules) series

6 answered

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

What warranty comes with the Horay Solar HS 182-132 TC-D Ocean modules?
The HS 182-132 TC-D Ocean series carries a 15-year product warranty covering manufacturing defects and structural integrity, plus a 30-year linear power warranty. Thanks to N-type TOPCon cell technology, annual power degradation after year one is typically around 0.4-0.5%, meaning the module should retain over 87% of its rated output after 30 years. This is among the longer warranty standards currently available on the market.
What does bifacial design mean for the HS 182-132 TC-D Ocean and when does it actually pay off?
A bifacial module harvests light from both the front and rear surfaces, potentially generating 10-25% more energy than a monofacial equivalent - provided the surface beneath reflects enough light. The biggest gains come from highly reflective substrates such as white TPO membranes, light-colored gravel, or concrete. Ground-mounted systems with an air gap and flat rooftops benefit most; dark-tile pitched roofs will see minimal bifacial gain.
How does TOPCon technology in the HS 182-132 TC-D Ocean differ from older PERC cells?
N-type TOPCon cells achieve higher efficiency (above 22%) compared to typical P-type PERC cells (around 20-21%) and are virtually free of LID (Light-Induced Degradation). This translates into more stable long-term output and lower overall power loss over the module's lifetime. The HS 182-132 TC-D Ocean uses TOPCon throughout the series, which supports its extended 30-year power warranty.
Do the HS 182-132 TC-D Ocean modules perform well on overcast days and in diffuse light conditions?
Yes. N-type TOPCon cells have a lower startup irradiance threshold and better low-light response than PERC cells. The SMBB (Smart Multi Busbar) design further reduces resistive losses and improves shading tolerance by shortening current paths within each cell. This is especially relevant in Central European climates where cloudy days are frequent and diffuse irradiance makes up a significant share of annual yield.
Does the dual-glass construction of the HS 182-132 TC-D Ocean require a special racking or mounting system?
Dual-glass modules are slightly heavier than standard glass-backsheet modules, so the mounting structure - aluminum rails, ballast blocks, or rooftop anchors - must be specified for the actual module weight listed in the datasheet. The glass-glass build itself improves resistance to moisture ingress, microcracks, and corrosion, making it a preferred choice for flat rooftops and agri-PV installations where long-term durability is critical.
Is Horay Solar a reliable manufacturer and is the HS 182-132 TC-D Ocean series on the Tier 1 list?
Horay Solar is listed on the BNEF Tier 1 Solar Module Manufacturers ranking, meaning the company meets bankability criteria - financial institutions accept its modules as collateral for project financing. Headquartered in China, the company offers a broad portfolio of bifacial and TOPCon products. Note that Tier 1 status reflects a manufacturer's financial stability and supply reliability, not a direct rating of technical quality.
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