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Sighten accounts for production degradation on an annual basis by applying a percentage degradation, or rate, for each year of the solar energy system's lifetime, beginning in year 2.
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No production degradation factor is applied to year 1 production estimates in Sighten.
Production degradation rates are configured by financial product, meaning that the same degradation rates applies to all solar energy systems within a financial product. The default degradation rate is set to 0.7% per year and functions as follows:
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Since production degradation rates are configured by financial product, a financier can designate a fixed degradation rate for the lifetime of their financial product. The default value is set to 0.7% per year but can be revised to a different value. Please contact your Sighten Account Manager and/or submit a request to Sighten support.
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Note that production degradation rates are static for all years of the financial product's lifetime. That is, Year 2 degradation rate is the same as all subsequent years.
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