To be classified as tier 1 the panel manufacturer must have provided own brand own manufacture products to five different projects which have been financed non recourse by five different banks in the past two years.

Tier 1 solar panels definition. Have been producing solar panels for 5 years or more. Tier 1 solar panels are panels that are manufactured by big brands who have a good reputation in the industry. Generally speaking tier 1 solar panel manufacturers are defined as those that. Bloomberg defines a tier 1 solar manufacturer as those which have provided products to five different projects which have been financed non recourse by five different non development banks in the past two years.

Having been around for at least this amount of time in what is a relatively young industry is testament to a company s commitment to its own longevity as well as to its customers and is indicative of the likelihood that that company will still be around in 20 years time to service its warranties. Generally tier 1 is merely a measure of industry acceptance and there s no specific criterion when it comes to solar panel quality production and components. Generally speaking when a solar panel is ranked or advertised as tier 1 it is claiming that it is of high quality and has been constructed and designed to live out the 25 year life expectancy in good form. To begin let s take a look at what qualifies a panel to become tier 1.

Comprised of existing sources already made publicly available on the internet this latest tier 1 solar panels list 2020 is available in an easily indexable fashion for your convenience. However this quarterly ranking by bloomberg new energy finance is really just a measure of the manufacturer s financial stability based on the manufacturer having supplied at least six large scale bank financed projects in the. Finally at least 5 years history producing solar panels is the other criterion for being considered tier 1 for pike research. Strategic and tactical position.

Each year solar review publishes the latest tier 1 solar panels list in a bid to assist end user education understand the term tier 1 was not created as a quality guideline. As these companies have generally been around for more than a few years you re a lot safer investing in tier 1 companies than tier 2 or 3. Most tier 1 manufacturers have been affected by issues of quality or bankruptcy. Are either publicly listed on a stock exchange or have a strong and stable balance sheet.

If you re considering purchasing solar the term tier 1 panels would most likely have been thrust at you to imply quality performance and reliability.

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