The shelf life of solar panels

How long do solar panels last?

Surprisingly, solar panel lifespan has always been extremely good. Given they have no moving parts, there is rarely something that can go wrong within the solar panel itself, which means they can keep generating electricity for a very long time. However, what has improved is the level a solar panel will be performing at after 25 years of usage.

How long do monocrystalline solar panels last?

However, when it comes to longevity, monocrystalline panels have the upper hand. While both types of panels typically come with a 25-year warranty, monocrystalline panels have a longer lifespan. According to the American Solar Energy Society, monocrystalline solar panels last around 40 years, whilst polycrystalline models last roughly 35 years.

How much do solar panels deteriorate a year?

The National Renewable Energy Laboratory (NREL) has been tracking degradation rates for the last several years as part of its Photovoltaic (PV) Lifetime Project. NREL’s findings indicate that solar panels have an average degradation rate of 0.5% per year.

Do solar panels expire?

There is technically no expiration date on solar panels. However, over time, they naturally tend to become less efficient at producing energy. Some panels can also break due to physical damage from extreme weather conditions.

How long do solar inverters last?

These may incur damage from weather elements. Solar inverters generally last 10 to 15 years. This shortened lifespan is due to how hard inverters continually work to convert energy from the solar panels into usable electricity for your home. On average, solar inverters cost $1,000 to $2,000 to replace.

How much do solar panels degrade a year?

The degradation rate of solar panels is calculated as a percentage. Experts estimate that most solar panels degrade at a rate of around 0.2% – 0.5% per year. This means that the output of usable energy generated by your solar panels slowly decreases over time.