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.

What is a solar panel manufacturer tier system?

The solar panel manufacturer tier system was developed by Bloomberg New Energy Finance (BNEF) to identify major brands in the solar industry. It identifies so-called “bankable” brands—those that are most “likely to be offered non-recourse debt financing by banks.”

Are Tier 1 solar panels more expensive?

However, with Tier 1 solar panels, the chances of the solar panels having defects are lower. Tier 1 solar panels are typically 10-30% more expensive than Tier 2 solar panels. Are Tier 1 solar panels worth it?

What is the difference between Tier 1 and Tier 2 solar panels?

Here are the three differences you’re likely to find between Tier 1 and Tier 2 solar panels i.e. the remaining 98% of companies: The main difference between Tier 1 solar panels and Tier 2 solar panels is the reliability of the warranties. With Tier 1 solar panels, you can trust that their 25-year performance warranty will be honored.

Who is Canadian Solar?

Canadian Solar is a globally recognized solar photovoltaic (PV) module manufacturer and a leading player in the renewable energy industry. With a strong commitment to sustainability and clean energy solutions, Canadian Solar has established itself as a trusted name.

What does 'bankability' mean in tiering a solar project?

Definitions 'Bankability/ - whether projects using the solar products are likely to be offered non-recourse debt financing by banks - is the key criterion for tiering. Banks, and their technical due diligence providers, are extremely unwilling to disclose their whitelists of acceptable products.