Why are solar modules so expensive in 2025?

According to pvXchange, prices of high-efficiency solar modules increased in March 2025, but those of low-cost modules remained stable since January 2025. (Photo Credit: pvXchange) An increase in domestic demand for modules in China, the world’s largest solar PV market, is causing an increase in prices.

How much will solar panels cost in Q2 2025?

The recent pricing forecast of TrendForce also sees an installation rush in Q2 2025, pushing up prices across the solar value chain. 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.

Will solar module prices increase in the next six months?

Solar module prices are expected to increase significantly from current levels in the next six months, according to Yana Hryshko, head of Solar Supply Chain Research for Wood Mackenzie. “Prices have to increase, as the Chinese solar manufacturing industry is going to do everything to make this happen,” she told pv magazine.

How much will a Tier 1 solar module cost?

Hryshko expects prices of high-quality Tier 1 solar modules to soon exceed $0.12/W. “This means module prices will at least match production costs for the first time in months,” she highlights. “And this should happen within six months.

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 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.