How national & regional contractors influence the top 10 solar panels
IN 2021, Hanwha Q Cells, Longi and LG Electronics solar panels were used for 6 out of every 10 solar installations in New Jersey. Here’s a big part of the reason why:
What we’re seeing here is that most commonly used solar panel brands are determined by the significant volume of large national or regional (multi-state) solar contractors. These contractors tend to rely heavily on third-party ownership, or selling solar leases or solar PPAs (learn more about the top 10 solar contractors including how much of their sales were third-party owned here).
In a solar lease or solar PPA the homeowner doesn’t have a choice as to which solar panels are installed on their home and the solar contractor will choose the panel manufacturer based on several factors including availability and preferential purchase terms. When solar contractors can buy solar panels at a lower cost, they make more money on each solar sale. That’s not to say that they will only use the cheapest products since solar panels and other equipment which are used in solar leases and PPAs have to meet the criteria of the banks who finance these types of installations.
But given the high volume of solar leases and PPAs in New Jersey, most solar panels aren’t being chosen by homeowners so in a sense they’re not actually the “most popular” solar panels, but they are the solar panels used in the largest volume for home solar.