Solar PV Panel Choices

UNDERSTANDING YOUR PANEL OPTIONS

As depicted above we use only the best when it comes to our PV panels. All four of the manufacturers above are what’s referred to as Tier 1 solar panels.

Manufacturers only get this designation when several criteria are met and maintained concurrently. This is rated and judged by an independent and reputable data analyst within the industry.

These parameters include:

  • Experience – These manufacturers have vast experience in the industry and have a track record of at least 5 years
  • R&D – Vast amounts of resources go into researching and developing new technologies
  • Manufacturing Scale – The majority of these Tier 1 companies have a large production capacity which exceeds 1GW annual production
  • Durability & Quality – A 25 year output warranty is industry standard coupled with a product warranty that usually goes over 12 years and above. They are also made with higher quality raw materials (Silicon)
  • Financial Position – These companies are either publically listed or on the stock exchange
  • Ethics – adhering to international law in regards to the salvery act, ensuring employees are renumerated and looked after in a humane and proper way

what is the lifespan of a PV Panel?

Commercial solar panels typically have a lifespan of 25 to 30 years, during which they can efficiently convert sunlight into electricity. However, their performance doesn’t abruptly stop after this period; it gradually declines at about 0.5% to 1% per year.

This degradation rate means that even after three decades, most panels can still produce a significant portion of their initial output. Manufacturers often guarantee that panels will operate at above 80% of their original capacity by the end of their nominal lifespan.

what do we mean by tier 1 solar panel and why does it matter?

Tier 1 solar panels refer to a classification used by financiers to decide the bankability of a solar panel manufacturer. The tier system is not directly related to the quality, performance, or efficiency of the solar panels themselves but rather to the financial stability and reliability of the manufacturing company. 

1. Financial Stability: Tier 1 manufacturers are more likely to honor their product warranties over the long term due to their financial health.

2. Product Quality: While the tier system doesn’t directly rate the solar panels’ performance, Tier 1 manufacturers typically invest heavily in R&D, leading to high-quality and often more efficient products.

3. Bankability: For large-scale solar projects, financiers prefer Tier 1 solar panels because the financial stability of the manufacturer minimises the risk of investment.

4. Innovation and Technology: Tier 1 companies are usually at the forefront of solar technology advancements, offering cutting-edge solutions.

the size of solar panels, both physical and Wattage

The size of solar panels are becoming less and less important with the increasing level of technology.

With the continual improvement and development of solar panels, more and more cells are within the cm2. thus improving the performance and generation of the solar panel overall.

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Cost Vs Return

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Last Updated: 07/05/2024

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