This article presents the analysis of degradation rate over 10 years (2008 to 2017) for six different photovoltaic (PV) sites located in the United Kingdom (mainly affected by cold weather conditions) and Australia (PV affected by hot weather conditions). The analysis of the degradation rate was carried out using the year-on-year (YOY) degradation technique. It was found that the degradation rate in the UK systems varies from −1.05% and −1.16%/year. Whereas a higher degradation ranging from −1.35% to −1.46%/year is observed for the PV systems installed in Australia. Additionally, it was found that in the Australian PV systems multiple faulty PV bypass diodes are present due to the rapid change in the ambient temperature and uneven solar irradiance levels influencing the PV modules. However, in cold weather conditions (such as in the Northern UK) none of the bypass diodes were damaged over the considered PV exposure period. Furthermore, the number of PV hot spots have also been observed, where it was found that in the UK-based PV systems the number of hot spotted PV modules are less than those found in the Australian systems. Finally, the analysis of the monthly performance ratio (PR) was calculated. It was found that the mean monthly PR is equal to 88.81% and 86.35% for PV systems installed in the UK and Australia, respectively.There are various references in the literature that include the degradation rate of PV systems worldwide. However, there are a lack of references found in the literature describing the behavior and degradation analysis of existing PV systems in the United Kingdom and Australia. Therefore, in this article, the degradation rate of six PV sites installed in three different locations in the UK and Australia are examined over a period of ten years (2008 to 2017). Before moving to the methodology, it is indeed important to have an overview of the degradation rate across multiple regions in the world, which will be summarized as follows:• United States of America (USA): The USA is placed on the top five countries leading the PV technology worldwide [6]. In 1977, the Department of Energy established the Solar Energy Research Institute in Golden, Colorado. In 1991, it was renamed as the NREL. Outdoor testing of modules and sub-modules started at the Solar Energy Research Institute in 1982. When amorphous silicon (a-Si) modules first became commercially available, NREL began to report degradation rate that were considerably higher than −1.0%/year [7]. In [8] and [9], similar results of the PV degradation were found in small (<10 kWp) size PV installations, followed by a yearly degradation rate of approximate −0.8% to −1.25%/year. • Europe: The terrestrial focus of PV industry in Europe can be traced to the oil crisis of the 1970s. The development and institution of PV sites can be divided into publicly and privately funded projects. The publicly funded portion in Europe can be additionally divided into the umbrella organization of the Commission of the European Communities and individual national p...