Solar Energy Conversion and the Shockley-Queisser Model, a Guide for the Perplexed

The Shockley-Queisser model is a landmark in photovoltaic device analysis by defining an ideal situation as reference for actual solar cells. However, the model and its implications are easily misunderstood. Thus, we present a guide to help understand and avoid misinterpreting it. Focusing on the five assumptions, underlying the model, we define figures of merit to quantify how close real solar cells approach each of these assumptions.