One of the greatest financial advantages of solar energy is the remarkable longevity of photovoltaic hardware. Because silicon cells have no moving parts to wear out, modern solar panels function reliably for three decades or more.
1. Understanding Solar Panel Degradation Rates
According to extensive testing by the National Renewable Energy Laboratory (NREL), modern Tier-1 solar panels experience an average degradation rate of 0.5% per year.
This means that after 10 years, your panels will produce ~95% of their original nameplate output. After 25 years, they will still deliver over 85% of their rated capacity.