What this means for the end customer is that solar panels over the years become slightly less efficient and will over time produce slightly less electricity.
How much efficiency do solar panels lose per year.
By the end of their 25 year useful lifespan they will still be operating at 82 5 a slightly more durable panel with a degradation rate of 0 5 will likely produce around 87 5 as much electricity as.
The worst degradation rate is 80 a year but as a benchmark you can expect an average degradation rate of 50 a year for any panel.
How much do solar panels decrease over time.
Factors that affect solar panel efficiency solar panels have been consistently increasing in efficiency at about 5 annually since 2010.
Is that estimate accurat.
For the above example a 0 8 degradation rate means that in year two your panels will operate at 99 2 percent of their original output.
These days panels are typically around 17 efficient.
While solar panel efficiency is generally around 15 20 solar cell efficiency can reach 42 in some cases.
According to a national renewable energy laboratory nrel study premium modern solar panel manufacturers such as panasonic and lg offer panels with degradation rates as low as 0 30 per year.
This is how much of the light energy falling on the panel gets converted into electrical energy.
In mono crystallineand poly crystalline solar panels the effect is more subtle in the order of around 0 7 power loss per annum.
For many panels this is given as 2 to 3 in the first year and then 0 7 a year after that but it can be as low as 0 25 a year for some.
Listen to this story photovoltaic pv modules typically come with 20 year warranties that guarantee that the panels will produce at least 80 of the rated power after 20 years of use.
Over 25 years it is around 20.
There are three points i want to make.
We estimate that solar panels lose about 1 of their production every year.
The average efficiency of solar panels falls between the 17 to 19 percent efficiency range.
The solar industry standard is a conservative estimate of 3 in the first year and less than 1 per year after that.
The highest efficiency solar panels on the market today can reach almost 23 percent efficiency.