Understanding Solar Panels’ LifetimesSolar panels have become an increasingly popular choice for homeowners and businesses seeking to save money on their energy bills while reducing their carbon footprint. However, many people are hesitant to make the investment in solar panels due to concerns about their longevity. The good news is that the standard industry norm for solar panels’ lifetimes is between 25 and 30 years. The lifespan of a solar panel is influenced by several factors, including the quality of the panels and the climate in which they are installed. While most panels are designed to withstand harsh weather conditions, extreme heat, cold and high humidity can cause wear and tear over time. It’s also important to note that the amount of electricity generated by solar panels tends to decrease over time, although this typically occurs at a relatively slow rate.
How Solar Panel Manufacturers Back Their ProductsWhen shopping for solar panels, it’s essential to choose a reputable manufacturer that offers a warranty on their products. The majority of reputable manufacturers provide warranty on production for 25 years or longer, effectively covering the majority of the panel’s useful life. In addition to product warranties, many manufacturers also offer performance warranties. These warranties guarantee that the panels will produce a certain amount of power over a specific period of time, typically 10-25 years. If the panels fail to meet the performance standards outlined in the warranty, the manufacturer will repair or replace them at no cost to the customer.
The Importance of Warranty on Solar PanelsInvesting in solar panels is a significant financial decision, and it’s important to protect that investment with a comprehensive warranty. A strong warranty provides peace of mind that you’re covered in the event of unexpected problems.
Determining Energy Savings with Solar PanelsOne of the primary benefits of investing in solar panels is the potential cost savings on energy bills. However, the amount of savings can vary widely depending on several factors, including the amount of electricity used, the cost of electricity in your area, and the amount of sun exposure your solar panels receive. To determine your potential savings, consider the following factors:
- The size of your solar panel system
- The cost of electricity in your area
- Your energy consumption habits
- The amount of sun exposure your panels receive