First, let me emphasize just how much I hate working up on the deck, over the concrete driveway, with the mast down and all those cables and spreaders presenting trip hazards, not to mention the lifelines at the right height to guarantee I'll go down head first. The vent fan is just one other thing to have to step around, in addition to the windows, spreaders, jib cars, etc. I'll be a helluva lot more comfortable on the water with the shrouds as something to grab rather than trip over.
There's room for my feet around the fan, left foot on the forward outboard side, between it and the window, and right foot behind it. I usually work on the port side where the fan is, since there's a chance I'd fall on the grass on that side. That's the side someone cleating off the jib halyard would stand, so care would be called for. In our case, the jib halyard will be used for a foresail cover now, and perhaps a spinnaker later, and in either case, most use of the jib halyard, except cleating, would be done from more forward on the bow. I think once on the water, I'll use the starboard side more.
My concern with putting the fan on the side of the boat is not so much rain getting into it, especially if it's blowing out, or even waves of water, especially saltwater, washing up into it when the boat is heeled to that side. It's that current from a solar cell falls off with the cosine of the angle the sun's rays are away from perpendicular to that cell, and that with the cell on the side of the boat, the time it's facing the sun's direction will only be a fraction of the total daylight time. I am, however, concerned enough about the water intrusion issue to get the fan and intrusion into the cabin as far from it as possible.
Might I suggest this for a trial... tape a disposable aluminum pie pan down to the spot you're considering mounting the fan. If it survives a few trips out, that's probably a good location for the fan.
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Moe