The price of solar panel has dropped a lot since 2020, but will it continue to get cheaper?

Although global demand is be affected to some extent by the epidemic in 2020, according to data such as component exports, global demand is still expected to remain at around 80GW. It is estimated that the global new installed photovoltaic capacity will reach about 125GW in 2020, a year-on-year increase of about 9%. The continued improvement in downstream installed capacity is expected to drive the overall price increase in the industry chain.

Solar PV Panel

In the context of demand release, the general price rises of the photovoltaic industry chain is a high probability event. The prices of silicon materials, silicon wafers and solar cells have begun to rise, and the price increase of modules should be advanced.

So the price is increasing at the moment.

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