Single-phase motors are known for their small power ratings and their usage in various household appliances. Although they are not large electricity consumers, their widespread application contributes to the overall electricity consumption. In addition, standard IEC 60034-30-1:214 defines the efficiency levels for single- and three-phase motors and stipulates the increased electrical efficiency for the electrical motors. Therefore, this paper sets the parametric analysis of permanently split capacitor motor with five different design parameters that have impact on the efficiency of the motor. As an output from the parametric analysis, two different optimized motor models are obtained with increased efficiency. The impact of each parameter on motor efficiency—as well as on the other operating characteristics, like starting torque, overloading capacity, rated current, starting current, total losses, and power factor—is analyzed and adequate conclusions are derived. The obtained motor models are verified with Finite Element Method (FEM) for magnetic flux density distribution.