When it comes to selecting a solar panel for home use, the entire process could be a tad bit difficult.
Let’s assume, you are planning to refurbish your house and have selected a couple of contractors for the same. Now, although you may not know much about refurbishing, you may still have some idea about the materials required for your house and its overall expense. You could even judge the quality of the contractors’ work by going through some of their existing projects.
However, when choosing a solar company, chances are you will be unfamiliar with which system is the best for your house. You are also likely to have the following questions in mind:
- Are you buying the right equipment?
- Is it of good quality?
- Will it match your daily energy requirements?
- Will the solar company install the system correctly?
In this article, we have mentioned the top 5 things you need to look for when partnering with a solar company.
Let’s get started!
- Total Years of Industry Experience
The first thing you need to look for when choosing solar companies in Albuquerque is their years of industry experience.
This does not mean a younger company won’t offer excellent service. But the chances of them not being in the industry for the overall 25 years of the solar system’s warranty could be very high.
Studies suggest that only 50% of solar companies are able to successfully stay in operation for more than 5 years.
This means it could get difficult for you if the solar company, you purchased the panels from, goes out of business. Simply put, the warranty on solar panels would no longer be available and you will need to look after the cleaning and maintenance services all by yourself.
This is why you must choose a company with 5 or more years of industry experience.
- The Quality of Solar Panels
When it comes to the standard of solar panels, you might wonder how to check whether it is of good or bad quality.
The evaluation of quality is quite simple; you need to look for just 2 aspects:
- The inverter
- The modules
But when selecting the right inverter for the system, there are three options to choose from –
- A standard string inverter
- Or string inverter with optimizers
Although standard string inverters are a good option, it’s best to go for either micro inverters or string inverters with optimizers because they offer exemplary performance and are considered as top-quality systems.
- Different Financing Options
There is no denying the fact that going solar could be an expensive affair. But there are various payment options, like power purchase agreements, leasing, and green energy loans that you can choose from.
However, know that each one of them has its own pros and cons which must be considered before you make the final decision.
When it comes to green energy loans, remember these are intended particularly for those who wish to switch to renewable energy sources. Also, since this loan has a lower rate of interest, you can purchase the solar panel and pay for it over a period of time. In most cases, people reimburse their loans in 7 to 8 years.
The other 2 options – leasing and power purchase agreements – are quite similar.
If you take up the leasing option, you get to rent the solar panels for which you’re required to pay a monthly fee. The power purchase agreement is very similar, as you get to rent the system; but rather than paying a fixed monthly fee, you pay for the energy consumed from your end.
With these financing options, you can use the solar panels but you don’t really own them.
You can go with either of the payment options as per your convenience and once you’ve finalized the solar business, discuss further details with them. Make sure the solar company you choose offers one of these options.
- Solar Panels Warranty
The warranty of your solar panel is a crucial factor that must be considered when selecting the solar company.
Normally, your warranty comprises 2 aspects – Performance and Equipment.
The solar energy system guarantee usually lies between 10 to 12 years, whereas the system performance warranty lasts for nearly 25 years. Although the majority of solar panels last for nearly a decade, it’s crucial to ensure you have a robust warranty and guarantee in place.
Always go for a solar company that provides the following:
- System warranty up to 12 years
- 90% performance guarantee for at least 10 years
- 80% performance guarantee for at least 25 years
- The Installation Expense
While calculating the installation expense of your solar panels, you need to consider the price based on the watt of your panels.
You can evaluate this by dividing the total expense by gross wattage (power rating) of your solar system. But while evaluating the cost per wattage, ensure that you are taking the total expense without those incentives instead of the system’s overall cost.
This way you get precise comparisons between different quotes offered by different solar companies.
So there we have it – the crucial factors you cannot afford to miss out on when looking for a professional solar company.