Monocrystalline first-generation solar panels are made up of black solar cells in which panel light interacts with a single crystal to produce electricity. This type of solar panel is highly efficient and produces a high capacity of power compared to other panels. Comparatively, these types of solar panel in India are more expensive than other panels. Monocrystalline solar panels are manufactured by using a single silicon crystal. It is the best solution for homes and businesses who have limited spaces. More than 80% of homes are occupied by monocrystalline solar panels. Also, it offers you to save more money on electricity bills. There is 36 % of the Market share of the Monocrystalline solar panels. Monocrystalline solar panels efficiency is 18-24 % with the highest conversion amongst all other commercial Solar PV technology.