About Solar panels power generation efficiency drops
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Extreme temperatures and sunlight harm the panels and their efficiency by shifting the properties of semiconductors that increase the current but decrease the voltage. It also is the reason for the reduced lifespan.
However, after some time, solar panels degrade in their efficiency which decreases their life span gradually. The National Renewable Energy Laboratory mentions that the degradation rate is around 0.5% to 0.8 % per.
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