4 FAQs about Global solar panel price trends

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.

What are the main price trends in the global PV industry?

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry. FOB China: The Chinese Module Marker (CMM), the OPIS benchmark assessment for TOPCon modules from China was stable at $0.085/W Free-On-Board (FOB) China, with price indications between $0.080-0.090/W.

What is Opis global solar markets?

From upstream polysilicon, wafers and cells, to downstream panel prices, OPIS Global Solar Markets keeps you updated on solar price trends and forward prices. It is the first solar materials price report to use an assessment methodology that follows IOSCO requirements for fair and transparent pricing.

How will global solar prices change in 2025?

The continued fall in production costs is expected to push global average solar prices down by 5–10% in 2025, making solar adoption more accessible in developing markets. 2. Increased Adoption of Ground-Mount Systems Ground-mounted solar panels were once considered expensive compared to roof mounts, but that gap is narrowing.

View/Download Global solar panel price trends [PDF]

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