Nassau Global PV Module Prices

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How much did PV modules cost in Q4 2024?

In Q4 2024, the average U.S. module price ($0.28/Wdc) was down 3% q/q and about three times higher than the global spot price. Analysts report price premiums in the United States for domestically manufactured modules, with a particular premium for those using domestically produced PV cells.

How much does a low-cost photovoltaic module cost?

Low-Cost Photovoltaic Modules: Average price of €0.060/Wp, a decrease of 7.7% compared to the previous month. These figures underscore the significant pressures in the photovoltaic market, as price reductions strain margins to unprecedented levels.

How much does a module cost in 2024?

High-Efficiency Modules: Average price of €0.14/Wp, down 6.7% from September 2024 and 39.1% from January 2024. Mainstream Modules: Average price of €0.11/Wp, stable compared to September but 21.4% lower than January 2024. Low-Cost Modules: Average price of €0.065/Wp, a 7.1% decrease from September and 27.8% from January 2024.

How much does PV cost in 2024?

A list of acronyms and abbreviations is available at the end of the presentation. The median system price of large-scale, utility-owned PV systems in 2024 was $1.51/Wac—increasing about $0.1/W since 2018. EnergySage reported that the median gross cost of stand-alone PV was $2.65/Wdc in the second half of 2024.

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