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This paper provides a review of methodologies for measuring the degradation rate, R_D, of photovoltaic (PV) technologies, as reported in the literature. As presented in this paper, each method yields different results with varying uncertainty depending on the measuring equipment, the data qualification and filtering criteria, the performance metric and the statistical method of estimation of the trend. This imposes the risk of overestimating or underestimating the true degradation rate and, subsequently, the effective lifetime of a PV module/array/system and proves the need for defining a standardized methodology. Through a literature search, four major statistical analysis methods were recognized for calculating degradation rates: (1) Linear Regression (LR), (2) Classical Seasonal Decomposition (CSD), (3) AutoRegressive Integrated Moving Average (ARIMA) and, (4) LOcally wEighted Scatterplot Smoothing (LOESS …