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€0.5/W Increase In Module Prices Across All Power Classes In March
An increase in domestic demand for modules in China, the world''s largest solar PV market, is causing an increase in prices. According to pvXchange, the price of panels across all
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Solar photovoltaic panel prices Average price of solar modules, expressed in US dollars per watt, adjusted for inflation.
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FAQs about Prices of photovoltaic panels in March
How much did solar panels cost in March 2025?
According to pvXchange, the price of panels across all power classes increased by an average of €0.5 ($0.54)/W in March 2025. For mono- or bifacial heterojunction (HJT), n-type/TOPCon or xBC solar cell modules with more than 22.5% efficiency, the price in March 2025 increased by 4% month-on-month (MoM) and 4% since January 2025 to €0.13 ($0.14)/W.
How much will PV modules cost in 2025?
On 11 March 2025, the results of the China Datang Group's 2025-2026 PV module framework purchase tender were announced, with the spot price of n-type modules increasing from RMB0.7/W (US$0.097/W) to RMB0.73/W (US$0.1/W), and some modules priced as high as RMB0.75/W (US$0.11/W).
How much will solar panels cost in China?
Analysts expect spot prices for solar modules to peak at CNY 0.73 ($0.10)/W and averaging around CNY 0.70 ($0.096)/W. Once the rush is over, prices may go down to CNY 0.70/W or even lower (see China's FIT Policy End To Push Up Prices Across PV Value Chain).
How much does a solar panel cost?
Note: Costs are expressed in constant 2024 US$ per watt. Global estimates are used before 2010; European market benchmarks thereafter due to limited data availability. Solar photovoltaic module prices refer to the cost of the solar panel itself, and do not include installation or other system components.
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