SOLAR PANEL WARRANTY: PROTECTING YOUR INVESTMENT
If you're considering installing solar panels, you're making a smart decision for your wallet and the planet. But as with any major investment, it's important to consider what happens if something goes wrong. That's where solar panel warranties come in.
What is a solar panel warranty?
A solar panel warranty is a guarantee from the manufacturer that the panels will operate at a certain level for a certain amount of time. There are two types of warranties: a performance warranty and a product warranty.
A performance warranty guarantees that the panels will operate at a certain level (usually 80-90% of their original capacity) for a set number of years (usually 25-30 years). If the panels fail to meet this level of performance, the manufacturer will either repair or replace them.
A product warranty, on the other hand, guarantees that the panels will be free from defects in materials and workmanship for a set number of years (usually 10-12 years). If there are any defects, the manufacturer will repair or replace the panels.
Why are solar panel warranties important?
Solar panel warranties are important for a few reasons. First, they protect your investment. Solar panels can cost thousands of dollars to install, and a warranty ensures that you won't have to foot the bill for any repairs or replacements that are necessary due to manufacturing defects.
Second, warranties give you peace of mind. When you install solar panels, you want to be confident that they'll be reliable and efficient for years to come. A warranty can give you that assurance.
Finally, warranties can be a selling point if you decide to sell your home. Buyers are often willing to pay more for a home that has solar panels with a warranty, as it gives them confidence that the panels will continue to operate effectively.
What should you look for in a solar panel warranty?
When you're shopping for solar panels, it's important to pay attention to the warranty. Here are a few key things to look for:
Length: How long is the warranty? As mentioned, performance warranties are typically 25-30 years, while product warranties are usually 10-12 years.
Coverage: What does the warranty cover? Make sure you understand what repairs and replacements are covered, and what is not covered.
Exclusions: Are there any exclusions or limitations to the warranty? For example, some warranties may not cover damage caused by extreme weather conditions.
Transferability: Is the warranty transferable if you sell your home? If so, this can be a major selling point.
Reputation: Finally, make sure you choose a manufacturer with a good reputation for honoring warranties. Read reviews and talk to other solar panel owners to get a sense of which manufacturers are reliable.
Conclusion
Solar panel warranties are an important consideration when you're investing in solar energy. They can protect your investment, give you peace of mind, and even increase the value of your home. When you're shopping for solar panels, make sure you pay attention to the warranty and choose a manufacturer with a good reputation for standing behind their products.