Why are Chinese solar panels so expensive?

The dominance of Chinese imports is attributed to China’s control over both the production and processing of polysilicon into PV modules, allowing them to offer competitive prices. In contrast, European manufacturers faced challenges in 2021 and 2022 due to a critical shortage of solar-grade polysilicon, leading them to increase prices.

Are solar module prices on a 'consistent uptrend' in China?

Taiwanese research institute EnergyTrend has reported that solar module prices in China are on a “consistent uptrend.” Its latest report said tunnel oxide passivated contact (TOPCon) module prices “rebounded sharply” and were widely quoted between CNY 0.70 ($0.097)/W and CNY 0.75/W, reinforcing “bullish” market sentiment.

Why are European solar panels so expensive?

In contrast, European manufacturers faced challenges in 2021 and 2022 due to a critical shortage of solar-grade polysilicon, leading them to increase prices. As a result, panels made in China cost as little as two-thirds of their European counterparts.

How much do solar panels cost in Europe?

While Germany promotes rooftops and balcony applications, Italy focuses on smaller projects and Eastern Europe drives on bigger size solar installations. Average EXW prices from distributors for residential solar panels are reported between €0.125/W and €0.100/W, depending on the volumes.

How much does a solar panel cost?

Average EXW prices from distributors for residential solar panels are reported between €0.125/W and €0.100/W, depending on the volumes. US DDP: The spot price for TOPCon utility-scale modules DDP US rose this week from 0.71% to $0.284/W.

How does demand for solar panels differ from country to country?

On the residential side, demand for solar panels is different from country to country, as legislations and subsidy schemes are different. While Germany promotes rooftops and balcony applications, Italy focuses on smaller projects and Eastern Europe drives on bigger size solar installations.