What are the Top 10 solar panel companies in the world? There are many solar companies that are continue to provide more efficient and ideal solar panels, but as per age, quality and experience only few companies can reach the top list. So, here are the list of top 10 companies:
1. JinkoSolar Holding Co. Ltd. (JKS)
One of the world’s top producers of solar modules and suppliers of solar energy solutions is JinkoSolar Holding Co. Ltd. (NYSE: JKS). Shanghai, China, serves as the company’s headquarters. It was established in 2006. JinkoSolar is renowned for its proficiency in photovoltaic (PV) product creation, research, manufacturing, and marketing.
In terms of delivered gigawatts (GW), it is one of the world’s leading producers of solar batteries. The business has clients in 160 nations worldwide.
|Important people||Xiande Li (Chairman of the company) Kangping Chen (CEO of the company)|
|Net Income||$27.95 million|
|Contact Number||Not provided|
- Efficiency and Performance: JinkoSolar is renowned for producing solar modules of the highest caliber with an effective energy conversion rate.
- Product Variety: JinkoSolar provides a range of solar module types, enabling customers to select goods most suitable for their individual requirements and price range.
- Warranty and Reliability: Customers may find it comforting that JinkoSolar often offers strong warranties for its goods.
- Global Presence: Because of its extensive global distribution network, JinkoSolar’s goods are accessible in several nations.
- Cost: Although the firm sells various goods, some consumers could discover that their higher-efficiency panels are more expensive at first than their lower-efficiency counterparts.
- Environmental Concerns: The production of solar batteries influences the environment, particularly regarding energy usage and trash creation throughout the process.
What are the user reviews?
A customer was happy with the product’s performance and durability.
Many customers love customer service.
Negative Reviews are not available.
2. Canadian Solar Inc. (CSIQ)
In addition to offering solar energy solutions, Canadian Solar Inc. (NASDAQ: CSIQ) is a top producer of solar photovoltaic (PV) modules worldwide. Dr. Shawn Qu established the business in Canada in 2001, and its main office is in Guelph, Ontario.
With offices and subsidiaries spread across more than 20 nations, Canadian Solar is a worldwide player. They are well-represented in the leading solar markets of South America, Europe, Asia, and North America.
|Headquarters||Guelph, Ontario, Canada|
|Important people||Shawn Qu (Chairman, President and CEO of the company)|
|Net Income||$188.10 million|
|Contact Details (Number)||Not mentioned|
- Efficiency: Canadian Solar manufactures photovoltaic cells with a reputation for producing power from sunshine with exceptional efficiency. More power can be generated from the same quantity of sunlight by higher-efficiency panels.
- Quality: The business is known for manufacturing solar modules of the highest caliber. High-quality panels often require less upkeep, are longer lasting, and are more resilient.
- Selection of Products: For a range of uses, including utility-scale, commercial, and residential projects, the company provides several photovoltaic cell types. Customers may select items that best fit their individual needs thanks to this diversity.
- Cost: The company’s superior panels could be more expensive than some of its less expensive rivals.
- Regulatory and Policy Risks: Modifications to solar energy-related laws, regulations, or subsidies may affect how profitable solar energy systems built with the company’s products are.
What are the user reviews?
- A user reviewed the company has great people and provides a learning curve.
- It provides workers with good pay, as told by the reviewers.
- Many users opined that the company has terrible management.
- Users had complained that even though the upper management was fully aware, they still didn’t care.
3. SolarEdge Technologies Inc. (SEDG)
A leading supplier of intelligent energy technology solutions worldwide is SolarEdge Technologies Inc. (NASDAQ: SEDG). The business is well-known for its goods and services that improve solar energy systems’ efficiency and give customers more insight and control over their energy use. Technology and hardware for solar arrays are manufactured and distributed by SolarEdge Technologies.
|Important people||Zvi Lando|
|Contact Number||Not mentioned|
- Enhanced Energy Production: The energy production of solar systems may be significantly increased by using the company’s DC-optimized inverter technology, which incorporates power optimizers.
- Real-Time Data on Solar System Performance: The company offers a complete platform for monitoring and control that gives access to real-time data on solar system performance.
- Complexity: Compared to conventional string inverters, SolarEdge’s technology may be more difficult for specific clients to install and maintain.
- Dependency on External Factors: Variations in these outside variables may affect how much demand there is for SolarEdge’s goods.
- A customer reviewed that he loved the product.
- The management of the company is well-maintained.
- The product was manufactured very poorly.
- Products sold are expensive yet poor in quality.
4. First Solar, Inc. (FSLR)
First Solar, Inc. (FSLR) is an American company that manufactures photovoltaic (PV) systems and offers solar energy solutions. Tempe, Arizona, is home to the company’s headquarters. Known for its thin-film solar batteries, which are intended to be more efficient and economical in some applications than conventional silicon-based photovoltaic cells, the company is a prominent player in the solar business.
The company has secured deliveries through 2027 and anticipates increasing as it prepares to scale worldwide manufacturing.
|Headquarters||Tempe, Arizona, US|
|Traded as||Nasdaq: FSLR|
|Net Income||$94.75 million|
|Important people||Michael J Ahearn|
- Cost-effective Production: Compared to standard crystalline silicon panels, thin-film photovoltaic cells, especially those built with cadmium telluride (CdTe) technology, are frequently less expensive to create. This may result in lower costs for solar energy.
- High-Temperature Performance: In hotter climes, thin-film panels may perform better because they tend to do so. They lose less efficiency as they heat up because they have a lower temperature coefficient.
- Diminished Efficiency: Generally, thin-film solar batteries have a reduced energy conversion efficiency compared to crystalline silicon panels. This implies they need more room to produce the same amount of electricity.
- Reduced Lifespan: Compared to crystalline silicon panels, thin-film panels could have a lower lifespan.
- The company’s service was good at installing its solar products.
- The product quality is not up to the mark, and after-sale, customer assistance is not satisfying.
5. Sunrun Inc. (RUN)
One of the top US providers of home solar energy is Sunrun Inc. (RUN). One of the biggest domestic solar and energy services firms in the US, it has its headquarters in San Francisco, California.
Sunrun is a company that specializes in offering solar and energy storage solutions to homes that wish to lessen their dependency on the conventional grid and produce their clean energy. Its offerings include large-scale energy projects, residential rooftop panels, and batteries.
|Headquarters||San Francisco, California, US|
|Traded as||Nasdaq: RUN|
|Net Income||$71.84 million|
|Important people||Mary Powell (CEO) Lynn Jurich (Co-chair) Edward Fenster (Co-chair)|
- Easy Access to Solar Energy: Sunrun gives households simple access to solar energy, enabling them to produce clean electricity independently, lessen their need on the traditional grid, and maybe cut their energy costs.
- Different Financing alternatives: Sunrun provides several financing alternatives, including power purchase agreements (PPAs) and solar leases, which can lower the cost of solar installations for homes that do not have the money to buy a system outright.
- Market and Regulatory Risks: Shifts in-laws, subsidies, and economic conditions might affect the solar sector. Changes in the economic climate or governmental policy may impact the corporation’s business.
- Initial Cost: Despite Sunrun’s financing alternatives, some homes may find the initial cost of installing solar batteries to be a significant financial barrier.
- A customer was happy with the customer service. Wrote, “There isn’t one complaint or regret we have from Sunrun.
- Another customer reviewed, “Overall experience with Sunrun was excellent; the installation team was very responsive.”
The customer was unhappy with the quality of the product.
6. Enphase Energy Inc. (ENPH)
Enphase Energy Inc. (NASDAQ: ENPH) manufactures sophisticated solar energy systems focusing on renewable energy design and production. The business is well-known for its microinverter technology, transforming solar-generated direct current (DC) power into proper alternating current (AC) electricity for residences and commercial buildings. The goal of Enphase’s microinverters is to increase the dependability and efficiency of solar power systems.
|Headquarters||Fremont, California, US|
|Traded as||Nasdaq: ENPH|
|Net Income||$296.2 million|
|Important people||Badri Kothandaraman|
- Enhanced System Efficiency: Enphase can optimize the energy output of each photovoltaic cell with its panel-by-panel microinverters. This may result in a greater overall system efficiency, mainly when specific meetings may be wholly or partially shaded.
- Improved Upkeep and Monitoring: Many Enphase devices include advanced monitoring systems that let installers and homeowners keep tabs on each solar battery’s performance in real-time. As a result, any problems are more straightforward to see and fix, ensuring the system performs at its peak.
- Greater Initial Cost: Compared to conventional string inverters, Enphase’s microinverter technology typically has a higher initial cost. Some prospective solar system customers could find the price disparity a deterrent.
- Installation Complexity: Compared to string inverters, microinverter installations might be more complex and time-consuming. The necessity for a separate microinverter for every solar battery might raise labor expenses.
- A customer was happy with the timely response he received from the company.
- The product quality is not satisfactory- reviewed by a customer.
- A customer reviewed that the photovoltaic cell installed in his house cost more electric bills than ever, and the customer service was also not good.
7. SunPower Corp. (SPWR)
High-efficiency photovoltaic cell designs, production, and sales are the activities of SunPower Corp. (NASDAQ: SPWR), a solar energy firm. The business is renowned for its dedication to sustainability and concentration on solar technology innovation.
Solar panels with exceptional efficiency are SunPower’s specialty. Compared to traditional photovoltaic cells, they are renowned for having some of the most significant conversion efficiencies in the business, which allows them to produce more power from a given quantity of sunshine.
|Headquarters||Richmond, California, US|
|Traded as||Nasdaq: SPWR|
|Net Income||$68.62 million|
|Important people||Richard Swanson|
- High Efficiency: A more significant proportion of sunlight can be converted into power using SunPower’s well-known high-efficiency solar batteries. This implies that, in comparison to conventional solar batteries, you may produce more energy in the same amount of area.
- Sleek Design: SunPower panels are an excellent option for residential installations where aesthetics are essential since they frequently feature a sleek and visually attractive design.
- Greater Cost: Compared to traditional solar panels, SunPower’s high-efficiency panels have a comparatively higher upfront cost. This is its main disadvantage and may increase the initial outlay of funds.
- Restricted Availability: The distribution of SunPower’s goods could be restricted to specific areas, and they might not be as broadly accessible as conventional photovoltaic cells.
- Many customers reviewed that they were satisfied with the cost-effective product.
- The customer was happy with SunPower’s installation services.
- A customer wrote, “Has to be the worst customer service I have experienced as a new customer.”
- A customer was unhappy with both the quality of the product and customer service.
8. Array TMost Zechnologies Inc. (ARRY)
Array Technologies Inc. (NASDAQ: ARRY) is focused on designing and producing solar tracking systems. Utility-scale solar projects, namely those involved in photovoltaic solar energy generation, employ these tracking systems. Array Technologies is renowned for providing cutting-edge tracking technologies that maximize solar projects’ energy production and efficiency.
|Headquarters||Kevin G Hostetler|
|Traded as||Nasdaq: ARRY|
|Net Income||$8.36 million|
|Important people||Albuquerque, New Mexico, US|
|Contact Number||Not mentioned|
- Enhanced Energy Production: By following the sun’s movement and continually adjusting the position of the solar batteries, solar tracking systems maximize the amount of sunlight received throughout the day. As a result, more energy is produced than with fixed-tilt methods.
- Increased Efficiency: The sun’s dynamic tracking makes it possible for photovoltaic cells to run longer during the day at their maximum efficiency, which raises the system’s total efficiency.
- Rapid return on investment (ROI): Despite having higher initial expenditures, solar tracking systems’ better energy yield frequently leads to a quicker ROI and more significant long-term cost savings.
- Complicated Installation: To guarantee maximum performance, tracking system installation might be more intricate and time-consuming. Careful alignment and calibration are necessary.
- Dependability: Although solar tracking systems are built to last, every mechanical system is susceptible to faults or failures that might reduce the amount of energy produced.
Customer Reviews are not available.
9.Maxeon Solar Technologies Ltd (MAXN)
Renewable energy solutions and solar cell technology are the areas of expertise for Maxeon Solar Technologies Ltd (NASDAQ: MAXN). A significant participant in the solar energy sector, Maxeon Solar is a global pioneer in solar innovation. The company’s main priorities are the development and production of solar energy products connected to high-efficiency photovoltaic cells.
|Net Income||256.06 million|
- Innovation: To continuously advance its solar technology, the firm makes research and development investments. Over time, more sophisticated and effective goods may result from this dedication to innovation.
- Diminished Carbon Footprint: People and companies may drastically reduce their carbon footprint by utilizing Maxeon solar batteries.
- High-efficiency solar sheets may require more complex installation since they may be less tolerant of shadowing and unfavorable environmental conditions. Higher installation costs and complexity may result from this.
- Dependency on Sunlight: Sunlight is necessary for the energy generation of solar batteries, especially Maxeon models. This implies they might not be appropriate for areas with little sunshine or usually cloudy weather.
Customer Reviews are not available.
10. Sunnova Energy International Inc. (NOVA)
Within the renewable energy industry, Sunnova Energy International Inc. (NYSE: NOVA) specializes in home solar and energy storage solutions. In addition to offering solar power services, Sunnova is a home solar and energy services provider. Sunnova provides the tools and installation required for homeowners to produce solar energy for their houses as part of their residential solar services.
|Headquarters||Houston, Texas, US|
|Net Income||$146.84 million|
- Energy Independence: Sunnova’s solar and energy storage solutions can provide homes with energy independence. With energy storage devices, households may store extra solar energy at night or during blackouts.
- Financial choices: Sunnova makes it simpler for homes to acquire solar technology without making a significant upfront investment by providing a range of financing choices, such as leasing agreements, loans, and power purchase agreements (PPAs).
- Expense: Installing a solar and energy storage system can be a substantial upfront commitment, even with the many financing options that Sunnova provides. Recovering these expenses through energy savings can take some time.
- Geographic Restrictions: Not all states or areas can access Sunnova’s services. Depending on where you live, their products and services may not always be available.
- A customer was happy with the products he purchased and how it was cost efficient.
- Most of the customers appreciated the experienced product installation service of the company staff.
- Even an employee in his work experience review wrote that the employees and staff of the company are professional and good to work with.
- A customer reviewed, “Every time you can call someone, they tell you something different, and you never get a resolution.”
- Few customers are unhappy with the customer services provided by the company staff.