Meaning of the word "photovoltaic panel" in English

What does "photovoltaic panel" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

photovoltaic panel

US /ˌfoʊ.toʊ.vɒlˈteɪ.ɪk ˈpæn.əl/
UK /ˌfəʊ.təʊ.vɒlˈteɪ.ɪk ˈpæn.əl/

Noun

a panel designed to absorb sunlight as a source of energy for generating electricity

Example:
The house has several photovoltaic panels on its roof to generate electricity.
Investing in photovoltaic panels can reduce your electricity bills.