What is a Tier 1 solar manufacturer?

These manufacturers are renowned for their financial stability and consistent delivery of high-quality solar products. Attaining Tier 1 status underscores a manufacturer's credibility, which holds significance for project developers, investors, and customers seeking dependable panels.

Does Solarity have a relationship with a Tier 1 PV manufacturer?

Solarity has a close relationship with several manufacturers in the PV industry. For more information, see our list of our products. The list of Tier 1 PV manufacturers published by Bloomberg New Energy Finance (BNEF) provides a clear outlook at the manufacturer’s bankability.

What is the Tier 1 Manufacturer List?

Tier 1 manufacturers are usually the companies in the quarterly Bloomberg New Energy Finance (BNEF) PV Market Outlook sorted according to their annual module production capacity in MW/year.

Which companies are not in Tier 1 R&D?

Some companies with large investments in R&D do not appear in the Tier 1 list such as SunPower or Hanergy due to their unique production of IBC solar panels and thin-film technology. The graph below from PVTech’s article shows the annual R&D expenditures per manufacturer in 2017.

What is a Tier 1 module manufacturer?

The exact definition from BNEF is following: “Tier 1 module manufacturers are those which have provided own-brand, own-manufacture products to six different projects, which have been financed non-recourse by six different (non-development) banks, in the past two years.” These projects must be:

Are high-quality solar panels a good investment?

However, high-quality manufacturers tend to produce high-quality solar panels, so these rankings are still a good indication of a panel’s performance and reliability. Earning a Tier 1 ranking from the Bloomberg New Energy Finance Corporation indicates a high likelihood of long-term financial and operational viability for a solar panel company.