Solar technology is improving across all facets of the typical solar installation. In this article, we’ll discuss half-cut solar cells, a variation on standard silicon solar cells that can help improve solar panel performance.
Finding the best solar panels for your home can feel like a daunting challenge. There are more than a hundred different brands of solar panels and other solar equipment on the market at any given point.
You may be looking for cheap solar panels available in order to really cash in on solar power. And sure, when you install solar on your home or business, you can save thousands on your electricity bills. But going solar isn’t automatically cheap: buying solar panels to install on your roof typically costs thousands of dollars. It’s no wonder that the cost of solar is among the most important considerations for today’s homeowners. If you’re thinking about going solar and worried about prices, you’re probably wondering: what are the best value solar panels and will solar get even cheaper?
Who are the top solar companies in the world and in the USA? Industry analysts from SPV, SEIA and other organizations offer their top rankings, based on updated shipping forecasts from each of the companies included. *Note: if you are looking for information about the Trump Administration’s tariff on U.S. solar panel imports, read our complete analysis here.
The top 3 solar manufacturers as of mid 2018
Currently the top 3 solar manufacturers in the world are Trina Solar, JinkoSolar and Canadian Solar (respectively) determined by market share among panel manufacturing companies. The biggest solar installation companies in the U.S. are Sunrun and Vivint Solar.
There were some major changes in 2017, including some new leaders in solar manufacturing who were once no names in the PV industry. JA Solar is grabbing market share with a passion while Hanwha Q CELLS has slumped since last year. The question for you as a solar shopper in 2018: should you care if your solar panels are made by one of the big 10 manufacturers in the world? Are American made solar panels truly the better product when the majority of manufacturers are located elsewhere? Here’s our breakdown of the best solar manufacturers around the globe.
How to compare the best solar energy companies in the world
Because manufacturer rankings are based on the total volume of solar panels that the companies ship by the end of 2017, being in the top position does not necessarily mean they offer the highest quality panel. Some of the smaller manufacturers specialize in premium products, whereas most of the larger manufacturers have gotten to where they are by either making a panel for the high volume market or by focusing their efforts on large-scale projects. That being said, a company’s proven ability to produce and sell a large amount of product is testimony to its brand’s credibility, engendering trust among consumers and installers alike.
The important thing for you to keep in mind as a solar shopper is the ability to differentiate between them to find the panel that best suits your needs and budget. To this end, EnergySage has developed a solar panel quality ranking system of our own so that our customers can confidently choose a panel and manufacturer.
Under our system, panels are classified as Premium, Standard or Economy based on standard criteria. If you’re interested in learning more about how panels are ranked, visit our Solar Buyer’s Guide. When it comes to metrics like solar panel efficiency, the simple cost per watt of a single solar panel is not a unit of measure that can stand on its own. It’s important to understand the conversion potential of your panels as a way to decide which brand to go with. SunPower, for example, is heralded for its impressive conversion efficiency which has regularly fluctuated over the past 10 years for holding the world record. That being said, SunPower panels are much more expensive than a cheaper brand such as Canadian Solar and thus the size of your system and panel output will help you decide what will generate the most solar savings and most immediate payback period.
Where are the best solar panels being made?
The simple answer to this commonly asked question is East Asia, and you will notice that the majority of the top ten manufacturers are Chinese as the bulk of global solar panels are manufactured there. East Asia has become the solar manufacturing hub of the world and the latest emerging trend is that companies outside of China are starting to have success, including Canadian Solar.
As we’ve noted before, however, a panel’s country of manufacture is not usually the most important consideration for someone going solar. Instead, most people will find a balance between cost and quality, with a panel’s country of manufacture being a secondary consideration – a possible deal-breaker. For some homeowners, the importance of energy independence is a major factor when considering what brand of panels they would prefer. Though we at EnergySage support American companies and sustainability of the U.S. nation, we do recommend getting advice from your installer and considering their suggestions. After all, they will have the most up to date experience with long term efficiency, maintenance and durability of various solar panel brands and will also know which models are most popular on the market.
What are the top companies making solar panels in the U.S.?
Though the large majority of solar manufacturers import their equipment from southeast asia (even in the case of leading American solar companies like SunPower), there is a short list of American solar companies that actually make their solar panels here in the United States.
Here is the breakdown of U.S. solar companies:
- Itek Energy
- Mission Solar
- SolarWorld Americas
Missing from the above list are Tesla and Panasonic who each began manufacturing U.S. solar panels in late 2017. The two companies are now producing Tesla’s new solar roof product and low profile solar panels at its large manufacturing plant in Buffalo, known as the Gigafactory.
The top 10 list of solar panel manufacturers (Global)
A big part of calculating solar panel quality is understanding the metrics and factors that determine it such as module efficiency and performance. Check out this solar panel analysis to better understand significant characteristics that will impact your solar panel performance. Also notable is the fact that not every company that made this list has a significant share of the US residential solar power market.
Top Solar Panel Manufacturers in 2018
|5||Hanwha Q CELLS||South Korea|
Three Tips for Solar Shoppers
1. Homeowners who get multiple quotes save 10% or more
As with any big ticket purchase, shopping for a solar panel installation takes a lot of research and consideration, including a thorough review of the companies in your area. A recent report by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) recommended that consumers compare as many solar options as possible to avoid paying inflated prices offered by the large installers in the solar industry.
To find the smaller contractors that typically offer lower prices, you’ll need to use an installer network like EnergySage. You can receive free quotes from vetted installers local to you when you register your property on our Solar Marketplace – homeowners who get 3 or more quotes can expect to save $5,000 to $10,000 on their solar panel installation.
2. The biggest installers typically don’t offer the best price
The bigger isn’t always better mantra is one of the main reasons we strongly encourage homeowners to consider all of their solar options, not just the brands large enough to pay for the most advertising. A recent report by the U.S. government found that large installers are $2,000 to $5,000 more expensive than small solar companies. If you have offers from some of the big installers in solar, make sure you compare those bids with quotes from local installers to ensure you don’t overpay for solar.
3. Comparing all your equipment options is just as important
National-scale installers don’t just offer higher prices – they also tend to have fewer solar equipment options, which can have a significant impact on your system’s electricity production. By collecting a diverse array of solar bids, you can compare costs and savings based on the different equipment packages available to you.
There are multiple variables to consider when seeking out the best solar panels on the market. While certain panels will have higher efficiency ratings than others, investing in top-of-the-line solar equipment doesn’t always result in higher savings. The only way to find the “sweet spot” for your property is to evaluate quotes with varying equipment and financing offers.
For any homeowner in the early stage of shopping for solar that would just like a ballpark estimate for an installation, try our Solar Calculator that offers upfront cost and long-term savings estimates based on your location and roof type. For those looking to get quotes from local contractors today, check out our quote comparison platform.
In today’s fast expanding solar industry, there are already hundreds of different panel models and designs available to the modern day solar shopper. A growing number of premium technology brands (think Panasonic and LG) have entered the residential solar market, leaving homeowners across the country wondering: what’s next? What new technologies can we expect for solar panels in 2018? In this article we will discuss all of the new developments with photovoltaic (PV) panels, including new aesthetics like clear solar panels, bi-facial (double-sided) panels, efficiency improvements and solar inverter integration.
When homeowners are considering solar offers on the EnergySage Solar Marketplace, we often hear questions about a solar panel’s manufacturer origin and whether it’s a good idea to choose Chinese panels for an installation. This is a common question as the latest estimates indicate that China is manufacturing roughly 70% of the world’s solar panels today – a dominant market share and a clear indicator of China’s key role in the global solar industry. China has a significant impact over worldwide solar trends like pricing, warranties and manufacturing practices. For example, the 80% decline in worldwide solar prices between 2008 and 2013 occurred largely due to improvements in manufacturing costs in China. And because China is such a major player in solar, many U.S. homeowners are asking “should I choose Chinese solar panels and will it match the quality of other top brands?” In this article we’ll break down pricing, quality and brand influence of Chinese solar panels.
Trina Solar Energy is one of the largest producers of solar panels in the world, and was founded in 1997. The company manufactures all of its solar products in China, and is one of the most popular brands featured in quotes to solar shoppers comparing their options on the EnergySage Solar Marketplace.