Hi,
I think polycarbonate is a good all around material for solar collectors.
It has a high temperature capability (270F).
Long life IF it has a coating on the outside surface to protect it from UV -- this is a must.
As mentioned, very good impact resistance.
Its easier to cut and drill that some of the plastics.
Like glass, it has low transmission in the IR, so it loses less heat radiated by the absorber plate.
It comes is several flavors:
Corrugated -- as in the Suntuf corrugated panels that Home Depot sells for $1 per sqft.
As far as I know, only available in 2 ft wide by 8 or 12 ft long.
Twinwall -- this is the stuff that a lot of greenhouses use now. Very nice to work with. Prices as low as $1.50 per sqft. Also comes in 4 ft and 5 ft wide sheets of just about any length -- a convenience over the corrugated.
Sheet -- you can buy thin sheet polycarbonate directly from GE in 300 ft rolls, but (as far as I know) its hard to get otherwise.
When glazing with polycarbonate, its important to include enough support to keep the panels from buckling as they heat up. In my experience, this means if you are working with 4 ft wide sheets, you need cross supports about every 2.5 ft. These don't have to be very heavy -- they are just there to control buckling. On the last collector, I used EMT conduit for these supports -- its cheap and straight. Some say that if you are very careful to leave room for thermal expansion of the panel, then it will not buckle -- I've not found this to be the case.
These are links to two collectors that I've built with polycarbonate -- one with corrugated and the other with twinwall:
Corrugated:
http://www.builditsolar.com/Projects/SpaceHeating/solar_barn_project.htm
Twinwall:
http://www.builditsolar.com/Projects/SpaceHeating/SolarShed/collectors.htm
I was just finishing up the tank plumbing on the 2nd one today, and found a leak in one of the collectors. I was able to remove the 4 ft by 12 ft twinwall sheet, fix the leak, and reinstall the glazing inside of an hour -- try that with glass
I like the twinwall.
Are your panels going to be vertical or tilted?
Gary