Low reinforced thin concrete panels have been used for the re-construction of living buildings in the devastated zone of L’Aquila. A structural characterization of these types of panels is presented in this paper, paying particular attention to the fact that these panels are subjected mainly to shear forces. Refined compression-field theory (RCFT) has recently been proposed in order to better predict the behaviour of reinforced concrete members subjected to in-plane shear and axial stresses. This theory is based on continuum mechanics, i.e. satisfying compatibility, equilibrium and formulating the constitutive equations in terms of average (i.e. “smeared”) stresses and strains. The improvement of RCFT in comparison with the two most famous theories for reinforced concrete member subjected to shear [i.e. the modified compression-field theory (MCFT), and the rotating-angle softened-truss model (RA-STM)], deals with an embedded bar model based on the tension stiffening model in concrete. After an ad-hoc calibration procedure, the RCFT is employed in order to reproduce the envelope of the experimental load-deflection response of three full-scale thin low reinforced concrete panels subjected to cyclic loading. The predictions provided by RCFT are compared with the experimental data as well as with those provided by MCFT and RA-STM. This paper presents the necessary parameters for the design of thin low reinforced concrete panels using the RCFT. The preliminary numerical validations seem very promising. However, additional experimental data are required for calibrating and validating the parameters of the proposed RCFT theory.