Precisely. My simple obversations seem to point to 10% per year and on that basis 100% over 10 years. If they were down to say 70% by then I'm sure the guarantee provider would have no difficulty rejecting any claim.If the panels actually 'fail' before the end of the guarantee period then, provided that the guarantee still 'works' (e.g. the provider of the guarantee still exists!), that's presumably not a problem, is it, since they would presumably replace the failed panels 'under warranty'? However, there could, and probably would, be some argument about what constituted 'failure' - particularly if one was just talking about reduced output!
Which I've heard of so many times, including having a car stolen less than 12 hours after the insurance expired at which point my initial renewal price simply wafted away.The nastier situation is presumably if the panels fail soon after the end of the guarantee period?
I'm not far behind in age but 13 years ago I came to the same conclusion. I'd have been 56 thenAs I always say, I think that far too many people do not give enough thought to the financial side of all this. As I've said to him, I think that the wisdom of people as old as eric and myself making a large 'capital investment' which will mean that, at best, we will be financially 'worse off' for the next X years is pretty questionable.
Fully agree, I feel anyone 'out in the sticks' would be very sensible to have PV with batteryOf course, as someone may well point out, there are reasons other than financial for having PV - and I would not knock people who felt that being "financially worse off for the next X years" was an acceptable price to pay for 'saving the planet'. However, I suspect that not too many people think like that!