The definition of a Tier 1 Solar Panel has been misused by many providers in the solar market, leading to a misunderstanding of what this grading really means.

Being rated as Tier 1 has nothing to do with the quality of solar panels. Instead, the Tier 1 ranking scale is a simple scale created by Bloomberg New Energy Finance Corporation and is used to rank solar panel manufacturers in terms of their bankability or financial stability.

In fact, Bloomberg defines a Tier 1 solar manufacturer as “those which have provided products to five different projects which have been financed non-recourse by five different (non-development) banks in the past two years”.

That means that, when you are trying to decide which solar panels to use for your property, the criteria of Tier 1 shouldn’t even be in the equation in contrast to other more critical factors, like safety of panels, ability to store energy etc.

Voltora uses the highest quality of solar panels that ticks all these boxes.

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