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Personal Finance (Not Investing) • Re: Are solar panels a good investment

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I suspect that many of the solar warranties will prove useless. Not that the products will fail, but thr companies behind them won't exist when/if needed.
Many electronics have a "bathtub curve" failure mode.

Almost all failures occur early on, or much later at end of life.

On my SolarEdge system, the inverter failed within the first 2 months, and was replaced at no cost.

I agree with you that many companies will just disappear in a 25 year timespan. One can only hope that does not occur for the company you bought from. The same could be said for other products.
GM declared bankruptcy in the 2008/9 Great Recession. That likely made warranties unenforceable for cars that had been sold in the previous 3 years .

The long length of warranty and the number of solar firms likely means that this would happen more often than for cars
And this is why our local solar companies will not use solar edge products anymore. To many failures.

Statistics: Posted by em4772193 — Wed Jun 26, 2024 3:08 am



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