What’s the lifespan of solar panels?By Hannes | May 29, 2018 | Blog
Installing solar panels in your home or business is an investment that can be extremely beneficial, not only for reducing your carbon footprint but also for your bottom line.
Typically, the first question people ask with regards to solar panels is “How much does it cost?”. While it is a valid question, decisions should never be made on price alone. That brings us to the next question “How long will my solar panels last?”. If you install quality products, you can expect at least 30 years of clean energy. That doesn’t mean that it will stop working after you’ve reached three decades.
It does, however, mean that your solar panels might lose some efficiency over the years, but the degradation rates aren’t extreme. According to a recent study by NREL (National Renewable Energy Laboratory), out of the 2000 solar panels that were tested, the majority of them were running at 88% of its original capacity after 25 years.
While you might have to invest some money now, most solar power systems will pay for themselves within a few years. And with the prospect of a lifespan of 30+ years, you can be sure to save a substantial amount of money on electricity. The benefits of installing solar panels far outweigh the price you need to pay.
If you have been looking for ways to fight global warming, you can by installing solar panels. Using solar panels as your primary energy source will save you money and help you protect the environment.
Max Yield Energy is a solar panel installation company in Cape Town with many years experience in the industry and a passion for saving and preserving the environment. Visit their website for more information or get in touch with one of their team members if you’d like to get started with the installation of your solar panels.