Investing in commercial solar panels is a substantial and long-term decision. Naturally, business leaders embarking on this journey want to ensure their investment is safeguarded. This is where a solar panel warranty comes into play.
Solar warranties serve to mitigate the risk of potential issues such as faulty equipment, breakage, or underperformance. While problems with solar panels are statistically rare, having documented assurances can provide peace of mind and help stakeholders understand the financial implications of solar ownership, fostering support for a proposed solar project.
When exploring commercial solar options, you’ll encounter various warranties with differing coverage and term lengths, often accompanied by complex terms and conditions. Understanding the distinctions between warranty types is crucial when evaluating solar companies.
Let’s delve into the different types of assurances typically associated with your organization’s solar system:
- Solar Panel Product Warranty: This warranty covers defects in materials or workmanship. For instance, if a solar panel malfunctions due to a flaw in manufacturing, the product warranty typically covers the repair or replacement.
- Solar Panel Power Warranty: Over time, all solar panels experience a decrease in power output, known as degradation. The power warranty guarantees a minimum power output over specific periods (e.g., 5, 10, and 25 years). If a panel’s output falls below the promised level, the manufacturer may repair, replace, or reimburse accordingly.
- Combined Power and Product Warranty: Some manufacturers offer both power and product warranties, either for different durations or as a single comprehensive warranty. It’s essential to carefully review the terms of each warranty to understand the coverage provided.
At Solar by EnFin, we pride ourselves on offering industry-leading warranties. Our panels boast a slower degradation rate compared to conventional options, ensuring reliable performance over their lifespan. Our comprehensive warranty covers repair or replacement costs for 25 years, including labor, shipping, and parts.
Navigating the complexities of solar warranties can be challenging. Consulting with a solar energy expert can provide valuable insights and assistance in comparing warranty terms. They can help you assess how different warranties may impact your organization financially, both in the short and long term.
Now equipped with a deeper understanding of solar panel warranties, you can confidently evaluate your options and make informed decisions regarding your commercial solar investment.