What is a 'Tier 1' solar panel?
‘Tier 1 solar panels’ are solar panels made by large, reliable solar panel manufacturers. This classification was originally created by BloombergNEF in . It’s not a system to judge the quality of solar panels – it’s actually a measure of ‘bankability,’ and is based solely on financial criteria.
What does Tier 1 mean in the photovoltaic industry?
The term TIER 1, in the context of solar panels, refers to an unofficial but widely recognized industry classification that identifies PV module manufacturers considered to be of high quality, reliability, and financial stability.
Are Tier 1 solar panels more expensive?
However, with Tier 1 solar panels, the chances of the solar panels having defects are lower. Tier 1 solar panels are typically 10-30% more expensive than Tier 2 solar panels. Are Tier 1 solar panels worth it?
Does bloombergnef's Tier 1 list assess the quality of solar panels?
BloombergNEF’s Tier 1 list does not directly assess the quality of solar panels but rather the financial strength of the manufacturer. To be included in the list, a manufacturer must have supplied panels to at least six projects financed on a non-recourse basis by six different banks in the past two years.
Who qualifies as a Tier 1 solar panel manufacturer?
To qualify as Tier One, a solar panel manufacturer must have a track record of supplying products for significant installations exceeding 1.5 megawatts. Choosing TIER 1 solar panels offers numerous advantages for distributors, installers and end customers:
What are Tier 2 solar panels?
‘Tier 2 solar panels’ is a term that’s used to describe all solar panels that are not Tier 1. BloombergNEF only created criteria used to identify Tier 1 solar companies. As such, there are no official lists of Tier 2 or Tier 3 solar companies.
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Aug 4, Learn the difference between Tier 1, 2, and 3 solar panels—what they mean, how they impact quality and warranties, and which is best for your solar investment.
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Aug 6, In the commercial category, people look into the return on investment, the durability, as well as the bankability advantage of a solar panel, which is achieved if it is a Tier 1 solar panel.