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.
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.
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.
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.
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.
Solar panels usually come with two types of warranties: The product warranty covers defects in the solar panel itself and typically covers around 20-25 years, although some manufacturers offer longer warranties up to 30 years or beyond.
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