What a solar panel warranty is and what the two main types are.
There are two types of warranties you can get when making up your contract with a solar panel company. The first type is a performance warranty, which will usually ensure you get 90% of your generation ten years from your date of installation and 80% after 25 years. The second type is an equipment warranty, which will typically ensure 10-12 years without failing.
A solar panel’s produce warranty insurance covers the integrity of the panel itself, and it protects you against obstacles such as manufacturing defects, environmental issues, premature wear, and tear, etc. As with many warranties, a more lengthened period is generally much better for you if you own your solar panel system. When considering a solar panel warranty and its manufacturer, the two most significant factors on which you should focus are:
1. Product (or elements) warranty.
2. A performance warranty.
A solar panel warranty can prevent a variety of problems.
If you install a solar PV system for your house or business, you are very unlikely to have to deal with your solar panels having any major issues or encountering troubles with them producing the amount of energy they should be. However, solar panel problems do transpire from time to time, so if you happen to experience a problem with a solar panel after it’s been installed, it’s essential for you to understand that the rest of your system will not be rendered inoperable. Usually, problems can be easily fixed, which is why having a warranty is so important, in order to avoid huge costs on something that’s easy to fix.
Even if you do experience issues, it will usually be on one panel, and the rest of your system will continue to operate as though nothing is even wrong. But sometimes, panels fail in ways that impact the performance of all nearby panels, especially if they’re installed in series. In either instance, it’s the solar panel’s product warranty insurance that will cover you if you ever require to get a lousy panel swapped out for a new one. We should point out, the cost of a single solar panel generally ranges from $150 to $300.
You should estimate and compare warranties to get the best warranty possible.
Estimating and comparing the product warranty coverage of panel manufacturers can help assure you that your service and support requirements will be covered if you do ever have to deal with a solar panel malfunction or repair. Manufacturers’ product warranties are therefore an important complement to other considerations in evaluating not only a panel manufacturer’s technical specifications but also its business practices. In case a solar panel fails, the company will ship you a replacement panel and in some cases, even pay for shipping cost and labor expense to replace it. Just make sure you find the perfect warranty that has the maximum duration guarantee possible.
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