Global provider of solar energy solutions REC has announced that it has extended its product warranty to 12 years — up from its previous tenure of 10 years — for solar panels on all rooftop installations up to 500kW registered by REC Solar Professionals.
The motion to increase the warranty on panels ranging up to 500kW signifies the growing appeal for commercial entities to invest in PV energy and the clamour for a dependable return on investment (ROI) regarding solar power generation.
Luc Graré, senior vice president of sales and marketing at REC, said: “More and more commercial organisations are investigating solar energy as a way to reduce their energy bills. The steady drop in photovoltaic system costs in countries all over the world means that these larger commercial and industrial installations make sound business sense for the enterprises concerned. But the power output from solar installation projects has to be reasonably predictable in order to ensure reliable investment projections for enterprises.
“By extending its product warranty from ten to 12 years for all registered installations up to 500kW, REC is providing planners for commercial and industrial installations with greater ROI predictability. It also reflects the confidence we have in the reliably high quality of REC solar panels, even after many years of service.”