However, as the primary cost component of photovoltaic modules, the price of solar cells plays a decisive role in module pricing. Due to the oversupply of polysilicon in earlier periods, prices have been under sustained pressure since 2023, even falling below cost levels in the first half of 2024.
Price competition among Chinese manufacturers saw solar module prices hit lows of USD 0.07-0.09 (EUR 0.06-0.08) per watt in 2024 and early 2025.
The current round of photovoltaic module price adjustments has imposed significant operational pressure on industry players. Leading companies, with their high R&D costs, are at a disadvantage in the price competition. Meanwhile, small and medium-sized enterprises find it challenging to endure prolonged price wars.
1. Cost Factors Driving Price Fluctuations The cost of photovoltaic modules is primarily composed of solar cells, glass, encapsulation film, and labor expenses.
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PRICE INDEX | October 2025 Photovoltaic Price Index Every month we publish a current price index on the development of wholesale prices of solar modules. In doing so, we differentiate …
Industry sources noted that TOPCon module prices for the second half of 2025 were at a “premium” compared to spot or first-half …
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The Australian Renewable Energy Agency (ARENA) has announced a new AU$60 million (US$39.4 million) funding round to bolster research and development (R&D) efforts to …
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