Solar panel industry first echelon

What is a Tier 1 solar manufacturer?

Solar manufacturers earn Tier 1 status based on factors such as financial stability, large-scale manufacturing capacity, and a proven track record in the industry. This tiering system—where Tier 1 represents the most bankable manufacturers—is commonly used to assess a company's reliability rather than product quality.

Why are solar installations growing so fast?

In the last decade, solar deployments have experienced an average annual growth rate of 28%. Strong federal policies like the solar Investment Tax Credit (ITC), residential solar tax credits, rapidly declining installation costs, and increasing demand for clean electricity across the private and public sector have driven this growth.

Which companies are investing in solar?

Data from SEIA’s annual Solar Means Business report show that major U.S. corporations, including Meta, Amazon, Google, Apple, and Walmart are investing in solar and storage at record levels. Through Q1 2024, the top corporate solar users in America have installed nearly 40 GW of solar capacity, along with over 1.8 GWh of battery storage.

Why should you invest in a Tier 1 solar company?

These companies are known for their stability and ability to consistently deliver reliable solar products. Earning Tier 1 status signals credibility, which is especially important for investors, developers, and customers looking for trusted long-term performance.

How much does a solar system cost?

An average-sized residential system has dropped from a pre-incentive price of $40,000 in 2010 to roughly $26,880. Recent utility-scale PPA prices range from $16/MWh – $35/MWh, competitive with all other forms of generation. Over the past 10 years, solar prices have declined. However, for the past 3 years, prices have been volatile.

Do I need Tier 1 solar panels?

Tier 1 is a classification used to identify solar panel manufacturers with strong financial health, large-scale production capabilities, and a solid track record in the industry. These companies are known for their stability and ability to consistently deliver reliable solar products.