Bloomberg Tier 1 solar cells and
You may have come across the term Tier 1 while investigating solar panel brands.
However, to completely comprehend which solar panel is best for you, you must first comprehend what these 'tiers' entail and how solar panel manufacturers are classified as Tier 1, 2, or 3.
What does Tier 1 mean?
Three tiers of solar panel producers have been established. Tier 1 solar panels are made by well-known companies with a good reputation in the industry. Tier 1 firms are much safer to invest in than Tier 2 or 3 companies because they have often been around for more than a few years.
Where did the Tier 1 list come from?
A business called Bloomberg compiles the tiering system for Australian solar panels. Although there are a few additional tier 1 lists available, most solar companies rely on the Bloomberg list.
The ranking is based on the panel manufacturers rather than the panels themselves. This is a crucial distinction to understand: panel manufacturers frequently produce a variety of panels of various quality and scope, ranging from low-cost panels to high-end, premium panels.
The Bloomberg ranking prioritizes companies with a strong financial foundation, as well as those who invest in new and developing technology research & development and production capacity.
Tier 2 and Tier 3 solar panels aren't always of poor quality... Tier 1 solar panels, on the other hand, are a good indicator of trust and reputation.
Tier 2 and 3 – or lower – solar panels do not generally have lower quality parts or manufacturing. These manufacturers, on the other hand, may have only been in business for a year, have only completed a few tasks, and are not assured to continue in business for many years. Smaller, boutique brands may produce high-quality panels, but how likely are they to be around in 4 or 5 years to maintain, repair, or replace them if something goes wrong?
Purchasing solar panels from a Tier 1 firm is an excellent method to assess quality in an increasingly crowded industry, as well as to protect your future in the event of any technical faults or warranty claims. Tier 1 solar panels will cost a bit more than Tier 2 or 3, but as the phrase goes, you often get what you pay for.
What is the best way to tell if the panels I'm buying are Tier 1?
Many solar businesses, including ourselves, will claim that their panels are Tier 1. However, without direct access to the Bloomberg-published list, determining if a shop is employing the Bloomberg tier system might be difficult.
Make sure to ask for proof of their Tier 1 designation when getting a price for your new solar system. Either inquire about the standards upon which their Tier 1 rating is based, or inquire about the manufacturer. A reputable solar retailer will gladly offer you this information to assist you in making an informed decision.