February 13, 2024 - Today, SolarReviews released its annual solar panel brand ranking list, and Qcells has been crowned the top solar panel brand for the second year in a row! Details around the ranking list can be found here, but here is a quick snapshot of the top 2024 solar panel brands:
On the first day of the conference, PVBL’s annual ranking of the Top 20 Global Photovoltaic Inverter Brands was announced. Preferential policies promoted the inverter market growth in 2023. Most of the major inverter companies won a large amount of orders and expanded their capacity with high shipment volume.
Going solar is a long and major investment, so it’s only natural to seek out the best equipment to maximize your savings. In the last 12 months, REC, Q Cells, and Panasonic stood out as the best brands for solar panels, while Enphase and SolarEdge were the best brands for inverters.
The people have spoken. REC and Q Cells were clearly the preferred brands of solar panels in 2023 and were selected in nearly 75% of sales on the solar.com marketplace. Panasonic was a distant third place with 9.3% market share, followed by 11 brands that were selected less than 5% of the time.
This is known as bankability. While only 0.05% of solar panels fail, lost energy production is lost money, so it’s worth sticking with solar panel and inverter brands best known for their reliability.
The major players maintained their leading positions throughout the list. The top four were LONGi, Jinko, Trina and JA Solar, the same order as last year. Chint (Astonergy), Tongwei, Canadian Solar, Risen Solar, DAS Solar, GCL SI and First Solar were among the top five to ten.