Heat reduces solar production, ideally you have very sunny environment with about 25C / 77F.
Buried in that longevity, is an observation that a fifth of panels degrade faster than expected
The long tail appears on graphs showing the degradation rate per year of the panels, indicating that up to 20% of all samples perform 1.5 times worse than the average.
See (Uni NSW study) Cracking the ‘long tail’ problem: new research targets hidden solar panel issue (2026) - https://www.unsw.edu.au/newsroom/news/2026/01/research-targe...and discussion: Maximising time in the sun: how to maintain and repair solar panels to make them last (2026) - https://www.theguardian.com/australia-news/2026/feb/13/maxim...
This is more about the lifetime of many PV panels in Australia (temps to 45 C so far) not specifically about PV panels with many hours at > 50 C.
So a 20 year old panel might be at around 80% in the worst case. Often they are in much better shape. This seems like a pretty good deal to me.