This paper presents the optimum energy conversion conditions of stationary photovoltaic panels used for electrical power generation. The results are arrived at after performing calculations for 180 days in a given year at the latitude of St. John's, Newfoundland. The latitude of this city is close to other Canadian major population centers. Various angular orientations of sun's rays on the earth are considered. On a given day, the incident energy flux of sun is resolved into three components, and the conversion efficiency is based on the flux normal to the panels. The efficiency of conversion of the incident energy is measured with respect to a solar tracking process. The numbers of days in a given year are divided into two groups - one between the winter solstice and the spring equinox, and another between the spring equinox and the summer solstice. The results show the existence of two maxima, one for each of the two periods. By setting the panels at each of these maxima, very significant improvement in energy conversion can be achieved.