What are the best Cheap solar panels?

Based on our latest Intel Report, we’ve compiled a list of the best cheap solar panels that are as reputable as they are affordable. AXITEC, Jinko Solar, LONGi Solar, REC Group, and QCELLS are our top picks for the best cheap solar panels based on their price per watt ($/W) and performance.

Are cheap solar panels a good investment?

Cons of cheap solar panels: Lower efficiency: Cheap solar panels are more likely to be less efficient, usually around 18–21% efficient rather than 20-23% efficient. Affordability hurdle: The upfront cost of solar panels, even cheap ones, is still a significant investment that may only be affordable for some homeowners.

Are solar panels affordable?

Solar panel affordability continues to increase thanks to falling prices, incentives, rebates, and flexible financing options. The solar panel with the cheapest price tag may not be the most cost-effective option in the long term. Consider efficiency, performance, and warranties when comparing your options.

Are low-cost solar panels more expensive?

Panels with higher efficiency ratings are usually more expensive. Warranty: One area where low-cost panels often fall short compared to premium options is the warranty. The industry standard is 25 years’ worth of protection for both the panels themselves and their power output. I recommend looking for panels with 25-year warranties.

Are low-cost solar panels a good investment?

Low-cost solar panels are an affordable option for homeowners, yet their lower efficiency results in lower overall energy production which may lead to a slower payback period on your investment. Opt for cheap solar panels if you have a tight budget and your household energy consumption is relatively low.

Why are cheap solar panels so expensive?

The overall construction of cheap solar panels is poor. This includes the use of low-grade ethylene vinyl acetate (EVA) which degrades over time and results in lower energy production. Also, the back of the cheapest solar panels is often made from Tedlar (polyvinyl fluoride film trademark), which is prone to degradation and deterioration.