Investing In Solar Panels? Here Are 5 Factors to Evaluate Besides Solar Panel Price

Solar Panels Lifespan: For upon|Investing in solar energy is one of the wisest decisions you can make in favor of a greener planet. Governments and citizens all over the world are rooting for this renewable source of energy which is evident from the fact that Solar PV generation increased by an all-time high of 156 TWh in 2020 to reach 821 TWh, which is a 23% increase. Solar Panels Lifespan.

Solar energy is ahead of hydropower and just slightly behind compared to wind energy and has immense potential to not only reduce but eliminate our need for fossil fuels for energy generation. Moreover, it’s a free source of energy that requires very little investment and can keep powering your home for decades.  Solar Panels Lifespan.

So, if you too want to be a part of the growing list of people making the switch to solar then you are at the right place, as we are going to discuss a few factors that will help you get up to speed while evaluating solar panel price.

Image Courtesy: Luminous

Type of Panel to Choose

Technology has come a long way, and consumers today can choose more than one type of panel for their homes. Currently, there are two types of panels that are widely used: Monocrystalline, and Polycrystalline. Let’s have a brief look at both types of solar panels. (1). Solar Panels Lifespan.

1. Monocrystalline: They are relatively newer solar panels that are still gaining popularity among consumers. They are known for being highly efficient; however, they can be slightly expensive.

2. Polycrystalline: They are the oldest type of solar panels and therefore, they are most developed. These are cheaper compared to the monocrystalline panels, however, that also means their efficiency varies as well.

Performance

When you are looking for a solar PV, it is important to consider the performance along with the solar panel price. A more efficient system means that batteries will get charged faster and the setup will be able to generate the required amount of energy to keep your home appliances up and running at all times. Solar Panels Lifespan.

Panel Size

Getting the right-sized panel for your home is crucial. Even though you may have a lot of space on your roof, you still need to ensure that you get a panel that is just the right size. Panels are known for generating more energy per square meter; therefore, they require ample space. So, pay close attention to the overall configuration to make the best of it. Solar Panels Lifespan.

Durability

Consider getting a panel that can withstand the elements. Get a solar panel that doesn’t break sooner than expected. Great panels can typically last up to 25 years, so if you want to get maximum value out of your investment, you should only invest in a high-quality panel that’s durable and will last a long time. Solar Panels Lifespan.

Warranty

This is one more important aspect that can’t be ignored. Solar panels are not something that we invest in every couple of years; therefore, you need to be sure that you are investing in the right product. Good brands tend to give the highest warranties and it is these brands that you should go for whenever planning to buy solar panels for your home. Solar Panels Lifespan.

After Sales Service

A solar panel is made of components that tend to wear and tear over time requiring maintenance. While you can remove the debris that accumulates yourself, you will need a qualified professional to perform the required technical checks. See, if your manufacturer offers a maintenance package when you buy a solar panel from them. Solar Panels Lifespan.

Don’t get a panel-based exclusively on the solar panel price, it’s crucial to consider the factors that we discussed so far. If you are looking for some of the best solar panels in the industry, Luminous has some great panels available at the right price. 

They have one of the widest portfolios of solar products in the market and their panels are known for exceptional performance, durability, and after-sales service. So, if you are thinking of buying solar panels and getting your home future-ready, do check out their extensive portfolio of solar panels.

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