The stock of SunPower Corporation (NASDAQ:SPWR) closed at $9.18 gaining 1.66% in yesterday’s trading session. The company made an announcement regarding the launch of the solar industry’s best warranty. This company’s degradation rate is a good thing considering that a lot of homeowners and businesses will gain access to high quality products.
Aside from that, they will also be guaranteed power performance, and experts have termed the provider’s SunPower® E- and X-Series solar panels as the safest. The successful delivery of more electricity, which translates to more savings, is a matter that has received a lot of praise from most users.
These SunPower panels are made in such a way that they can operate reliably for a number of decades. The company has outlined that its products will be associated with a degradation rate of about 0.25 percent over a timeline of 24 years.
There is a clear difference between the company’s solar panels and the conventional ones. Most of the conventional solar panels usually guarantee 80 percent after 25 years which is less compared to the provider’s whose figure stands at 92 percent.
In 2012, SunPower Corporation pioneered the industry’s first 25-year Combined Product Warranty. It has expressed its intention to move ahead with the backing up of the high power, reliability and value for its wide range of products. According to the provider, the best warranty begins from the point of coming up with the best product.
SunPower’s President, Tom Werner opined, “Our proven performance is validated by our customers’ results, as well as extensive field testing under a wide range of real-world conditions. SunPower stands behind its products so that customers have confidence and peace of mind when they choose SunPower to go solar.”
This company has lately formulated a robust method that has been helping it a lot when it comes to calculating solar panel degradation. Each and every solar panel reaches that point where it experiences degradation. However, each of those panels experiences the degradation at its own rate.