Why the efficiency of solar cell is 3%

Explanation:

because

The efficiency of the solar cells used in a photovoltaic system, in combination with latitude and climate, determines the annual energy output of the system. For example, a solar panel with 20% efficiency and an area of 1 m2 will produce 200 kWh/yr at Standard Test Conditions if exposed to the Standard Test Condition solar irradiance value of 1000 W/m2 for 2.74 hours a day. Usually solar panels are exposed to sunlight for longer than this in a given day, but the solar irradiance is less than 1000 W/m2 for most of the day. A solar panel can produce more when the sun is high in the sky and will produce less in cloudy conditions or when the sun is low in the sky. The sun is lower in the sky in the winter. In a high yield solar area like central Colorado, which receives annual insolation of 2000 kWh/m2/year,[1] such a panel can be expected to produce 400 kWh of energy per year. However, in Michigan, which receives only 1400 kWh/m2/year,[1] annual energy yield will drop to 280 kWh for the same panel. At more northerly European latitudes, yields are significantly lower: 175 kWh annual energy yield in southern England under the same conditions.[2]

Schematic of charge collection by solar cells. Light transmits through transparent conducting electrode creating electron hole pairs, which are collected by both the electrodes. The absorption and collection efficiencies of a solar cell depend on the design of transparent conductors and active layer thickness.[3]

Several factors affect a cell's conversion efficiency value, including its reflectance, thermodynamic efficiency, charge carrier separation efficiency, charge carrier collection efficiency and conduction efficiency values.[4][3] Because these parameters can be difficult to measure directly, other parameters are measured instead, including quantum efficiency, open-circuit voltage (VOC) ratio, and § Fill factor (described below). Reflectance losses are accounted for by the quantum efficiency value, as they affect "external quantum efficiency." Recombination losses are accounted for by the quantum efficiency, VOC ratio, and fill factor values. Resistive losses are predominantly accounted for by the fill factor value, but also contribute to the quantum efficiency and VOC ratio values. In 2019, the world record for solar cell efficiency at 47.1% was achieved by using multi-junction concentrator solar cells, developed at National Renewable Energy Laboratory, Golden, Colorado, USA.[5] This is above the standard rating of 37.0% for polycrystalline photovoltaic or thin-film solar cells.[6]

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are their multiple choices ?

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