The efficiency of the solar panel can be calculated using the following formula:
Efficiency = (Power output / Power input) x 100%
where Power output is the power produced by the solar panel and Power input is the power of sunlight that falls on the solar panel.
In this case, the Power output is 320 watts and the Power input is 1500 watts.
Using the formula:
Efficiency = (320 / 1500) x 100%
Efficiency = 0.213 x 100%
Efficiency = 21.3%
Therefore, the efficiency of the solar panel is 21.3%.