Genuine Guarantee | Bulk Price | Delivery Within 7 Days | After-sales Guarantee
MOREGO logo

Solar Panel Prices Hit Rock Bottom, Expected to Rise in the Second Half of the Year

Views: 0     Author: Rachel     Publish Time: 05-09-2024      Origin: company official website

facebook sharing button
wechat sharing button
linkedin sharing button
whatsapp sharing button
sharethis sharing button


Currently, the global transaction prices of solar panels have reached historic lows. According to EnergyTrend data, as of May 8th, mainstream solar panel prices have fallen below 1 yuan per watt.


solar panel price


However, addressing the speculations and concerns of the industry, on May 7th, several leading solar energy companies stated that the overall prices of the photovoltaic industry chain have reached their lowest point, and the profitability of the entire industry chain is under pressure. From a cost perspective, the probability of continued irrational decline in solar panels is extremely low, and hot-selling models will further adjust their production and sales strategies.


2024 solar panel price trends


According to feedback from manufacturers and distributors, first-tier component manufacturers are not willing to sell components at a loss. Many well-known brands have begun to control shipment volumes, and competitive hot-selling solar panels will no longer be rushed to market. Industry expectations are that solar panel prices will continue to fluctuate in the first half of the year, and prices will begin to return to a reasonable profit range after June.


For traders and installers importing solar panels from China, now is the best time to purchase. Chinese solar panels departing from ports typically require 1-2 months of sea transportation. Purchasing at historically low prices now and selling at higher prices after arrival in the second half of the year can yield significant profits.

Below are the most popular solar panel products compiled by Morego:


best selling solar panels


Disclaimer: The information, including but not limited to text, images, and audiovisual content, provided on this website is sourced from the internet and is intended for educational and informational purposes only. It does not constitute any investment advice. If there is any infringement, please contact us promptly, and we will remove it immediately.

Want to Have First-hand Information?

By subscribing to our newsletter, you will get more timely and first-hand information about the photovoltaic industry.
Want to Have First-hand Information?

Other News

Products
Service Hotline

Phone: 0086 181 1880 9916

Email: manager@mogesolar.com