In present work, testing of solar collector has been performed for MgO/water working fluid having particle size similar to 40 nm and particle volume concentration at 0.25, 0.5, 0.75, 1.0, 1.25 and 1.5% at 0.5, 1.0, 1.5, 2.0, 2.51pm respectively. Performance analysis of solar collector is based on first law of energy balance and qualitative nature of energy flow based on second law analysis. Parameters of performance analysis are chosen in order to examine both quantitative and qualitative characteristics of system performance. These parameters are thermal efficiency, energetic efficiency, pumping power, entropy generation; Bejan number and reduction in surface area. Experimental observation establishes thermal efficiency enhancement 9.34% for 0.75% particle volume concentration at flow rate 1.5 Lpm. Exergetic efficiency enhancement observed 32.23% for same concentration and flow rate. Bejan number also reaches closer to unity (0.97) which throws light on systems qualitative response in terms of decline in entropy generation contribution due to internal irreversibilities and frictional heat loss. Entropy generation is 0.0611 W/K for 0.75% particle concentration compare to 0.1394 W/K for same flow rate and 0.071 W/K for 1.5% particle volume concentration. In this endeavor some penalty in form of rise in pumping power loss also incurred. 6.84% enhancement in pumping power loss observed for optimum flow rate and particle volume concentration which has not as much pronounced effect as enhancement in thermal efficiency and exergetic efficiency. (C) 2016 Elsevier Ltd. All rights reserved.