What is the Lifespan of Solar Panels?
The first question people ask regarding solar panels is typically how much they cost. After which they want to know how long the solar panels will last. Unfortunately, there isn’t one straight answer. It all depends on the system you choose and the quality of the product.
One thing remains true, however, installing solar panels on your property will always be a good investment. Here’s why:
- It will lower your monthly electricity bill
- It will allow you to reduce your carbon footprint by decreasing pollution and greenhouse gas emissions
Now that we know just how solar panels can benefit property owners, let’s look at the lifespan of a solar panel.
The two primary types of solar heating panels are evacuated tube systems and flat plate systems. These products are expected to last anything from 5 to 25 years. It’s true that solar panels might lose some efficiency in later years but degradation rates are minor. In fact, most solar panels work at 90% of their capacity after 10 years.
Solar panels are an investment but will pay for themselves in just a few years. With the lifespan being a decade or even two, the prospect of saving money is even better when going solar. If free renewable energy is what you’re after, solar panels are the way to go.
Everyone is trying to find ways to lower their monthly financial burden and with electricity rates increasing rapidly, As heating your geyser can take nearly 50% of your total household electricity usage, you might want to consider installing solar hot water panels. Renaissance Solar offers high-quality SABS approved solar products with strong manufacturer warranties at affordable prices to the South African market.
For more information or if you’d like to get started with the installation of your solar panels, get in touch with the friendly team at Renaissance Solar today!
