Panasonic th-42pz700u flashing red light 10 TIMES Anyone have any idea what the problem might be? TV is two years old

Plasma TV's don't last much more than 10 years.

Bulged Cap issue is to do with power sub-system and generally more in the LCD/LED tv not Plasma.

Begin from
42 Class 41 6 Diagonal Plasma HDTV with EZ Sync

Do you get blinking codes ?
Panasonic TH 42PX70 St By Light Flashes 10 Times
Not sure if it is the thermal fuse issue in your case though.
See How to Repair PANASONIC Plasma TV with Blinking LED TH 42PZ77U TH 42PZ700U

Missing/Shorted F_STB_15V

• Missing/Shorted SUB9V, SUB5V, and SUB3.3V Wrong diagnostic by the A board

The light blinking twice means there is a fault within the system and it is a code to tell Panasonic where roughly the fault lies.
Go to Panasonic's web site and look for your set then input the fault code and hopefully they will tell you where the fault lies.

I don't know but I'm having a similar problem. I have a plasma
TH-50PZ77U. It will run for a while and then shuts off. Also, the volume goes up and up and then it shuts off at times. Like I have a ghost here. I had both of my sat. recievers replaced. It seems to get worse over time with shut down. I called panasonic and they had no info and denied this was an issue but I beg to differ from my research here online. It's only a few years and we paid lots of $$$. They gave me a # for service 1 hour away!

There should be a number of flashes that you can count. This is an error code. It will flash a number of times and stop. Again, Flash a number of times and stop. Contact a repair shop that is familiar with panasonic and have them to check it out.

solution of light blinking

red light flashes 4 times then stays on for about 5 seconds then flashes 4 times again any idea what this means and how i can fix it tv is about 4 years old and only just started doing this

Ditto for Jan 13th with a Panasonic 50"!