When it comes to buying a home, most people focus on the features and the value of the home they’re buying. But when you add up all your monthly utilities and the cost of maintaining your roof over that space year after year, it makes sense to take into account what you’ll be spending on your new home once you move in as well. After all, no one wants to pay more than necessary for their house. That’s why a good majority of homeowners choose to go solar in order to offset some of those costs and save money long term instead.
If you’re thinking about getting a solar panel system installed on your property, make sure you read up on what a solar panel warranty entails before finalizing your purchase.
After all, if anything goes wrong with your solar panels during any point in time from the moment you install them until five years after that point, it can spell disaster for your savings plan and could even end up costing you more money than if you had just left things as is without installing a solar panel system in the first place. And that can happen fairly quickly too – within just six months or so of using electricity generated by your solar panels regularly rather than purchasing from your utility company directly. However
What Is A Solar Panel Warranty?
A solar panel warranty is a type of insurance that covers the cost of repairs to your solar panel system if anything goes wrong during the period in which you are using electricity generated by your solar panels instead of purchasing from your utility company directly. It’s important to understand what one looks like and the benefits it has for homeowners who choose to go solar.
Types Of Solar Warranties
When you purchase a solar panel system, you want to be sure that it will perform as advertised and that it will be covered in case of any problems. To protect your investment, most solar panel manufacturers offer some type of warranty on their products. Here is a rundown of the different types of solar warranties that are available:
Performance Warranty: Also known as a production warranty, this type of warranty guarantees that the solar panel system will produce a certain amount of electricity over a specified period of time. This warranty is typically for 10 to 25 years.
Workmanship Warranty: This type of warranty covers defects in materials and workmanship that result in the solar panel system not working as it should. This warranty is typically for 5 to 10 years.
Component Warranty: Many solar panel manufacturers also offer a warranty on individual components, such as the inverter or solar panel modules. This warranty is usually for 2 to 5 years.
Battery Warranty: If your solar panel system includes batteries, it will likely have its own warranty. This warranty is typically for 1 to 2 years.
Solar panel performance warranty
A solar panel performance warranty is just what it sounds like: a guarantee that your solar panels will perform as intended for the duration of the warranty. This means that if you’re not completely satisfied with your solar panel system, you can get a refund or replacement within a certain period of time. In most cases, this is usually somewhere between 10 and 15 years.
If you have any issues with your solar panel system during the term of the guarantee, make sure to contact the company you bought it from so they can resolve any issues. Some companies might even offer additional incentives to encourage customers to voice their complaints if they feel it’s warranted.
Some warranties also include an option for replacing your roof or other parts of your new home that was installed after purchasing your solar panel system in case these parts become damaged over time.
Solar panels product warranty
A solar panel warranty offers protection for the installation of your solar panels and for when any other electrical equipment is used with them.
The warranty protects you from any defective material or workmanship, as well as covers any accidental damage to the solar panels including water damage. It also provides coverage for the cost of repairs.
Solar panel warranties are usually valid for between 10-15 years, but that may vary depending on the company and your choice of the installation contractor. You will want to make sure you’re getting a good deal on a warranty before signing on the dotted line, as this is an important part of your investment in your home.
The first thing you’ll want to know about a solar panel warranty is what the terms are for its workmanship warranty. Workmanship warranties vary from company to company, but most of them will cover up to 10 years or 10,000 hours of operation. This means that no matter how many hours your solar panel system runs each month, it will work with proper functionality and efficiency.
Solar panel manufacturer warranties vs. Solar Installer Guarantees
There are many different solar panel warranties out there, but what should you look for when you’re trying to decide which one is right for your needs?
One of the most important things to consider is the warranty period. After all, at least two years of warranty coverage is a must in order to ensure that your savings plan stays intact and doesn’t end up costing more than it should.
Additionally, it’s vital that you pay attention to who is actually servicing your system after the installation process has taken place.
Many homeowners like to go with a solar installer rather than a manufacturer because they want to be sure that their money will be safe if anything goes wrong with their system down the road. Solar installers are like insurance companies – they know what they’re doing and take care of business from beginning to end. And, as mentioned before, many homeowners feel safer having their money go into someone else’s hands rather than their own.
So if you’re thinking about getting a solar panel system installed on your property and want to learn more about warranties and other options related to them, be sure to ask around and get some recommendations from people who have gone through the process before. Then you can make an informed decision when it comes to insuring your savings plan.
How Do The Top Solar Panel Warranties Compare?
When it comes to solar panel warranties, there are a few things you should look for.
First and foremost, make sure the warranty is from a reputable company that’s been in business for at least 10 years. You want to be sure they’re not going to go out of business and leave you high and dry with your solar panels.
Next, make sure you figure out how long the warranty lasts. Some warranties only cover the solar panel system for a short period of time, whereas others last until the house is sold or even if you move out of the property where the system was installed.
It’s also important that your warranty covers any issues with your inverter or grid support systems as well. If you have an issue with those parts, then your warranty might actually cover some or all of that cost on top of what you pay for your solar panel system installation which can be quite expensive in itself.
In addition to these two points mentioned above, make sure that anything covered by your warranty includes labor time and materials costs associated with the repair or replacement process as well as any installation fees that were paid upfront before purchasing the system in question.
What Problems Can Solar Panel Warranty Insurance Prevent?
A good solar panel warranty can protect you against any number of different problems that could happen, from a broken solar panel to theft. A lot of companies offer insurance for your solar panels that will cover you for all the major issues that could arise, such as the cost of replacement and the installation fee.
Some companies offer other types of warranties too, such as maintenance or cleaning services for your panels so that they’ll work well for years to come.
If you decide to get a warranty on your solar panels, make sure you read up on what it entails and what potential problems it can prevent so that you don’t end up spending more money than if you had just left things as is without installing a solar panel system in the first place.