Understanding the Concept of "Tier-1" Solar Panels
Firstly, it's important to clarify a common misconception in the solar industry - the term "Tier-1". Despite its frequent use, it's not a definitive measure of a solar panel's quality. If you're seeking a simple, clear-cut categorization of solar panels, you might be disappointed. Let's delve a little deeper.
What Does "Tier-1" Really Mean?
The term "Tier-1" was coined by Bloomberg, but it doesn't necessarily reflect the quality or performance of the solar panel. Here's what you need to know:
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Financial Criteria:
- The "Tier-1" label is based on financial criteria, not on audits of manufacturing facilities or product quality. As such, the list of "Tier-1" solar panel manufacturers can change every quarter.
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Not a Lifelong Guarantee:
- The "Tier-1" label isn't a lifelong guarantee. It's not a quality guideline, and Bloomberg isn't a testing institute.
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Quality Audits:
- Some audits have found that solar panels from "Tier-1" manufacturers didn't meet their nameplate value under Standard Test Conditions right out of the box.
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Product Defects:
- Manufacturers rated as "Tier-1" due to high volume production have been found to have more product defects.
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Misleading Assurance:
- While "Tier-1" might sound impressive, it's not a reliable gauge of quality. It's often used to give buyers confidence in a less expensive product. However, the reality can be an underperforming product that doesn't live up to expectations.
The Takeaway
Be a savvy shopper. Look beyond the "Tier-1" label when choosing your solar panels. Quality and performance matter more than a manufacturer's financial status in a particular quarter.