Been down this road a few times, so worth sharing what I've found.
Short answer: depends entirely on your use case.
On my shepherds hut build I ran a cheap 30A PWM unit for about 18 months — one of the generic EPEVER-lookalike jobs off Amazon, around £18. It worked, but I was leaving a significant chunk of panel capacity on the table. PWM only pulls the panel down to battery voltage, so on a sunny winter morning with a 12V battery at 11.8V, you're harvesting maybe 65–70% of what an MPPT would grab.
When I switched to a Victron SmartSolar 75/15, the difference in a typical October week was measurable — roughly 15–20% more yield logged through the app.
That said, for a very small system — think 100W panel, leisure battery, caravan-style loads — a decent PWM controller like the Renogy Wanderer (~£25) is genuinely fine. The efficiency gap narrows when your panel voltage is close to battery voltage anyway.
Where I'd never recommend cheap PWM:
- Larger arrays (200W+)
- LiFePO4 batteries (the charge profiles on budget units are often wrong)
- Unattended installations like a static shepherds hut or remote shed
The false economy argument is real when you factor in battery longevity. One overcharge event on a cheap controller can shorten your battery life considerably, wiping out any saving on the controller itself.
Curious whether anyone's had better or worse experiences with the Epever Tracer range specifically — they seem to occupy an interesting middle ground at budget MPPT prices.