Suntech Solar Panels Review: Back In Business!
Suntech Solar was founded back in 2001 and the aim was to manufacture, develop, and deliver the most cost-effective solar energy solutions in the world. Suntech manufactures four models of solar panels whose wattage ranges from 240Watts to 305 Watts made of Polycrystalline and Monocrystalline technology. Their products come with a 10-year warranty and a guaranteed lifespan of 25 years. At the end of the 25 years, power output should not be less than 80.2 percent. The panels are manufactured in China, USA, and Japan.
A few years back, it was reported that Suntech was bankrupt with an outstanding debt of over a billion dollars. While this is true, Suntech has managed to come back in a big way. The company managed to go through corporate restructuring successfully, thanks to its high quality products, the quality of the brand, overall record of accomplishment, proven reliability, and performance.
In fact, Suntech Solar is actually one of 2 Photovoltaic manufacturing companies from China that don’t have a negative bank balance thanks to the successful acquisition by Shunfeng back in 2014. In addition, it is one of only three companies in the world with VDE quality certification.
Since it was founded back in 2001, Suntech has been the industry leader in the manufacture of solar products for utility, industrial, commercial, and residential applications. Suntech Solar has delivered over 30 million photovoltaic cells to over 1,000 clients in over 80 countries. Between 2007 and 2014, Suntech Solar shipped over 1.7 million PV modules in Australia with valid warranty claims of less than 0.018 percent.
Suntech Solar has invested heavily in pioneering Research and Development. This investment has paid off quite well leading to the creation of consumer-centered innovations that drive solar to grid parity against the fossil fuels. The mission of Suntech Solar is the provision of reliable access to the cleanest and most abundant energy source in nature.
Acquisition By Shunfeng
Shunfeng’s acquisition of Suntech Solar means that the company is now part of the largest renewable energy company in the world. Shunfeng owns Suntech as well as Sunway’s a German inverter manufacturing company. In addition, it has a majority stake in Powin Energy, which is one of the biggest utility scale battery manufacturers in the United States. Shunfeng also owns Boston Power, which is another leading manufacturer of Lithium-ion batteries.
Other Companies Shunfeng Owns
– S.A.G. Solar, A leading solar power station operators in the world as well as the biggest developers of solar power plants in Europe.
– MeteoControl, which, like S.A.G. is a leading developer and operator of solar power stations in the world. While S.A.G. runs 117 power stations and generating 8.8 Gigawatts, MeteoControl monitors over 500MW of renewable installations all over the world.
– Nabao renewable Energy, which is a pioneer in developing Ground Heat Pump technology. Nabao is also the biggest Energy Management Contract business solutions provider in China.
– Lattice Power is also part of the group. They own advanced LED technology and provide a complete range of LED lighting solutions.
– GreenWheel, which is a pioneer R&D of vehicle related technology and the manufacture of electric vehicles in China
As you can clearly see, Suntech is in good company and is in fact bigger and stronger than it ever was. In fact, most of the other manufacturers have higher levels of exposure and risk than Suntech ever had but have no one to come pick them up.
Suntech claims the following key benefits
– 25-year performance warranty
– 10-year product warranty
– Positive power tolerance of 0/+5%
– Panel power production capability of up to 325 Watts
– Tested against salt mist corrosion and approved for increased wind and snow loads.
Considering all these positives, Suntech Solar seems like the ideal choice for your solar power needs but you need to consider three important things first:
– Suntech’s solar panels have an efficiency rate of up to 17%, which is slightly lower than the market leader that has an efficiency of up to 21%. Even though a lower efficiency brand will usually be cheaper, you will have to sacrifice some long term ROI by not going with the highest efficiency brand.
– In case your roof is not too constricted, solar panels from Suntech are a cost effective option since you can fit enough panels on your roof to meet your power needs at reasonable cost. However, if you have space limitations on your roof then Suntech solar panels might not be ideal for you. You should always keep in mind that solar is an investment.
– If you do choose to go with Suntech solar, it is not a good idea to be too hasty in accepting the first quote that you come across. Different installers will charge different prices even for a similar product. Installers, have varying margins, get their products from different places, and offer different levels of service. The prices quoted, even for the same product can vary by several hundred dollars depending on the company you are talking to. The best way to ensure that you get the right panel for your needs is to compare quotes from different installers with experience in your area.
While it is a fact that Suntech nearly went under a few years back, the reality is that it is back and now stronger than ever. Suntech came back from the brink of disaster and is in a better financial position now at a time when its peers are too exposed financially. Suntech is still a major player in the manufacture of solar panels and if you are looking to get into renewable energy, it is an excellent choice.
This article has shown that Suntech is not as dead as most people assume and that it can be worthwhile to buy panels from the company that has reclaimed its lost glory. Therefore, let bygones be bygones, forget about the past, and focus on the future by investing in Suntech solar energy solutions today.