Now a days all are aware that conventional sources such as coal, petrol, diesel, nuclear are currently deteriorating day by day. Research is therefore concentrating on renewable sources such as solar, wind, tidal, biomass, etc., as an alternative to conventional sources. In all of these renewable sources, solar energy is affordable and incredibly efficient because of its cheap cost and pollution free. Therefore, regardless of their motivation, everyone chooses solar energy to meet their daily needs. As a result, to produce electricity more efficiently, the ratings of solar PV cell must take into account which panels have a significant role in determining the performance of the solar panel as well as which is also used in the construction of solar panels. And at the same time, the performance of a photovoltaic (PV) system can be obtained by estimating the accurate solar PV cell variables such as diode saturation current (Id), photocurrent (Iphoto), ideality factor (α), shunt resistance (Rsh), series resistance (Rse). All these five parameters are estimated by using the Single Diode Model (SDM) and it demonstrates the deficits in the quasi-neutral region. Researchers used a lot of methods to find out these parameters. But in this context, these parameters can be extracted by considering the series and shunt resistances.