Solar Panel Tiers: What Homeowners Need to Know
In your research before getting solar panels, you’ll find out that not all solar panels are the same and that a tier system created by BloombergNEF classifies panels based on their quality, efficiency, and manufacturer reputation. This article will explore the solar panel tiers to help you identify and choose the best solar panels for your specific needs. The Ins and Outs Of The Solar Panel Tier System Tier 1 Tier 1 solar panels refer to high-quality solar panels manufactured by well-established and reputable companies in the industry. These manufacturers typically have a strong track record of producing reliable and efficient solar panels. These are some key features solar panels should have to be considered tier 1: As of 2023, examples of companies that are considered tier 1 are LONGi, Sunpro Power, and Huasun. We at Solar YYC use LONGi solar panels in our installations. Tier 2 Although BloombergNEF didn’t create criteria to classify tier 2 solar panels, people in the industry needed a way to describe the panels that didn’t match tier 1 characteristics; hence, tiers 2 and 3 were created. Tier 2 panels are typically produced by smaller or less established manufacturers than Tier 1 manufacturers in the solar industry. While they may offer competitive pricing, Tier 2 panels are associated with certain risks and characteristics: Tier 3 Tier 3 solar panels are typically considered the lowest tier or category of solar panels. These panels are produced by young companies with smaller market presence and fewer resources than Tier 1 and Tier 2 manufacturers. Here are some characteristics and considerations associated with Tier 3 solar panels: The Choice Is Yours While tier 2 and tier 3 solar panels offer cost savings, assessing and understanding their potential risks is crucial. In some cases, these panels may be suitable for specific applications, particularly when budget constraints are a significant consideration. However, going solar is usually a long-term investment, which is why reliability and performance should be on top of mind when choosing your panels. In all cases, consulting with a knowledgeable solar installer will help you make the best decision based on your needs and circumstances. If you are in the Calgary area and need to know more about solar panel tiers or any other questions regarding solar energy, contact us to book a free consultation.
