Photovoltaic panel price trend table over the years

What happened to Photovoltaic prices in October 2024?

Overview by technology of different price points in October 2024, including the changes over the previous month: Only tax-free prices for photovoltaic modules are shown. The prices stated reflect the average offer prices in retail and on the European spot market (customs cleared).

Will PV system price trends remain a downward trajectory?

As shown in Figure 13, most analysts also project that PV system price trends will maintain their downward trajectory in the near term. Owing to the global scope of most solar companies, analysts often project system prices across sectors and countries.

How does pvxchange differentiate between the main technologies available on the market?

In doing so, we differentiate between the main technologies available on the market. Since 2009, pvXchange has provided a unique price index for the european market, which has become an invaluable industry tool. Today, it is hard to imagine the industry without our price index, trend data, and in-depth analysis and commentary.

How efficient are PV modules?

Across most PV technologies, the efficiency of commercially available PV modules varies from about 10% (for tandem microcrystalline-amorphous silicon) to 20% (for super monocrystalline silicon20). By increasing the power/efficiency of each module installed, the area-related costs of a system may be reduced.

What is the reported system price for the utility-scale market?

The reported system price for the utility- scale market represents the capacity-weighted average of reported systems greater than 2 MW in size; the capacity- weighted average size of these systems is 18.3 MW. The modeled system price of utility-scale systems represents a 187.5-MW fixed-tilt ground-mounted system.