Tier 1 Solar Panels Definition

Typically tier 1 solar panels are 10 30 more expensive than tier 2 and tier 3 solar panels.

Tier 1 solar panels definition.

Tier 1 is the sign of financial stability or bankability of a solar panel manufacturer but is not the sign of quality. There s a widely believed myth that when it comes to choosing the right solar panels tier 1 means good quality. For obvious reasons the ranking of a pv manufacturer is a matter of great pride and highly valued. The terms tier 1 tier 2 and tier 3 are often heard with regard to solar panel manufacturers as a way of distinguishing the wheat from the chaff.

One may quite rightly make an assumption that a tier 1 ranking has more to do with financial stability rather than product quality and the answer is yes. Solar panel manufacturers that claim to be tier 1 include. The tier 1 ranking scale is orchestrated by bloomberg new energy finance corporation and is used to rank solar panel manufacturers in terms of their bank ability or financial stability. Therefore it is not a suitable idea to make your decision to tile your rooftop only based on finding these tier 1 solar panels.

A new year and another 4 quarters of fluctuating manufacturers depending on who chooses to pay to be on the latest tier 1 solar panels list 2019 or not. The group first developed the tiered system for pv modules to create a transparent differentiation among the many solar manufacturers so financial institutions could easily determine which brands were bankable. A reinforcement that the latest tier 1 solar panels list 2019 shouldn t be used as a quality guideline when selecting the ideal solar panel for your home or project. The official origin of the phrase tier 1 solar panels comes from bloomberg new energy finance.

This article takes a look at what these terms mean in practice and how they can help you to make a decision about going solar. Consider this your most up to date online alternative to other popular tier 1 solar panel lists available for your research requirements. Although technically incorrect as only tier 1 solar panel manufacturers exist for the purpose of indexing on the internet the below lists have evolved to be known as the latest tier 1 solar panels list 2018. Mis leading sales of tier 1 solar panels many clients come to us and ask for a tier 1 panel often under the misunderstanding that a tier 1 panel will be a top quality product worth buying.

Tier 1 solar panels are the best and tier 3 the worst although alarmingly some industry analysts now go lower than tier 3. In actual fact there is no such thing as a tier 1 solar module only tier 1 module manufacturers.