Absolutely worth checking — learned this the hard way about three years ago when I picked up a "bargain" 250W panel from a van conversion lad who'd clearly left it face-down on gravel for a season.
Here's what I'd do before wiring anything in:
- Visual inspection first — get a torch and look for microcracks, delamination, or any browning around individual cells. Moisture ingress shows as a faint misting between the glass and backsheet.
- Voc test with a multimeter — in decent midday sun, you should be hitting close to the rated open-circuit voltage. Significantly lower and you've got dead or shunted cells.
- Check the junction box — bypass diodes fail silently and you'd never know until half your panel stops contributing under partial shade.
A £40 panel can be brilliant value, even at 60-70% original output it's still usable for battery top-up or a secondary emergency backup circuit. My workshop runs off two panels in exactly that condition — both Renogy frames with replacement cells, wired through a Victron MPPT that doesn't care they're mismatched.
The real risk isn't reduced output, it's a compromised cell creating a hot spot under load. That's where panels start fires, and I've seen it happen to a mate's narrowboat setup.
Worth running it in isolation for a week before integrating it into your main array.
What condition's the frame and junction box in? That'll tell us a lot about how hard a life it's had.