The rise in the utilization of solar energy for energy generation has grown exponentially throughout the past decade. By the end of 2019, the global total installed solar capacity is close to 600 GW (Gigawatts). This share is only expected to rise. Although the current life of solar panels of about 25 years is a good figure to persist the interests of investors, a higher potential is anticipated for PV panels. This results in the sheer interest in investment in the potential recycling of solar panels, which is leading to demand and the need for policy development that regulates the responsibilities of stakeholders. This motive was led by a serious concern regarding the anticipated amount of waste that the disposal of solar panels would resort to. This results in the need of recycling of solar panels which is a relatively modern and growing phenomenon. This article aims to provide a detailed understanding of the existing policies involved in recycling silicon based PV panels currently being employed. In addition, the world's current position on policy issues regarding the recycling of solar panels will be discussed.