Charge carrier lifetime is a crucial material parameter in optoelectronic devices and knowing the dominant recombination channels points the way for improvements. The effective carrier lifetime τeff of surface‐passivated hyperdoped (hSi) and nonhyperdoped “black” (bSi) silicon by quasi‐steady‐state photoconductance decay (QSSPC) measurements and its evolution upon controlled wet‐chemical etching are studied. Sample preparation involves the irradiation of Si by numerous ultrashort laser pulses either in SF6 for hSi or ambient atmosphere for bSi. Findings suggest that the hSi is composed of a double layer: 1) an amorphous resolidified top layer with about 92% of the total incorporated sulfur that accounts for the sub‐bandgap absorptance and 2) a crystalline layer underneath in which sulfur concentration tails off toward the Si substrate. The effective lifetime is deconstructed by a 1D simulation to quantify the impact of the local lifetime of the defect‐rich top layer, τtop. It is found that by the QSSPC method, a maximum τtop for 1) can be estimated. For 2), τtop between 2 and 8 ns is estimated. The bSi sample shows a faster lifetime recovery upon etching which suggests that in hSi samples purely laser‐induced defects are not limiting the carrier lifetime compared to sulfur‐related defects.