Solar panel prices climb amid concerns about delinking with market fundamentals
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.
Solar module prices on a clear downward trend
PV module prices have fallen by around 5% to 8% across all technology classes in recent weeks. says Martin Schachinger, the founder of pvXchange.com. This means that prices are moving strongly back toward the level we saw at the beginning of the year, which can only be described as unhealthy for module producers.
Global average solar LCOE stood at $0.043/kWh in 2024, says IRENA
The International Renewable Energy Agency’s latest report finds little change in the global average levelized cost of electricity for utility-scale solar plants year-on-year, while the global average total installed cost of utility-scale solar projects fell by 11%.
Solar module pricing up 12%, according to Anza report
The data and analytics software platform’s Q2 2025 Solar Module Pricing Insights report indicates a double-digit increase in median module price from February to May 2025 in response to tariff and policy changes.
Solar cost of electricity beats lowest-cost fossil fuel – even without tax credits
Lazard’s analysis of levelized cost of electricity across fuel types finds that new-build utility-scale solar, even without subsidy, is less costly than new build natural gas, and competes with already-operating gas plants.
Despite low gas prices, solar, wind remain cheapest sources of power in U.S.
Renewables remain cost-competitive in the United States despite rising natural gas competitiveness, according to Lazard’s 2025 “Levelized Cost of Energy+” report, which estimates combined cycle gas at $0.048/kWh to $0.107/kWh, solar at $0.038/kWh to $0.212/kWh, and nuclear at $0.141/kWh to $0.220/kWh.
Battery energy storage prices spike in Q2 2025
Tariffs are greatly affecting the battery energy storage market because it’s one of the remaining clean energy sectors that sources materials mainly from China.
Consumers want price transparency and easier adoption, research says
Research by the Economist Group shows that while people are aware of climate change, believe it matters, and connect it to their energy use, they still rank reducing personal emissions fifth out of ten possible environmental actions.
International PV module pricing may rise to $0.11/W by year end
International PV module prices, driven by Chinese averages, will likely rise from $0.08/W to $0.10/W today to $0.11/W by the end of 2025 and potentially $0.13/W by 2027, says Clean Energy Associates (CEA), noting that heterojunction and back-contact technologies now make up 12% of global module capacity.
Solar module, cell, wafer prices to rise in Q2 2025, says TrendForce
TrendForce says solar module, cell, and wafer prices will rise in the second quarter as China accelerates installations ahead of looming regulatory changes. It notes that prices are expected to decline in the third quarter as demand eases.
