How much does a photovoltaic module cost?

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. These trends are exerting mounting pressure on the photovoltaic sector.

Do solar PV modules have a learning curve?

All errors are our own. Cost- and Price Dynamics of Solar PV Modules Abstract: For several decades, the prices for solar photovoltaic (PV) modules have adhered closely to an 80% learning curve. Yet recent price declines have been even steeper.

Why are PV module prices falling?

Photovoltaic (PV) module prices are a key metric for PV project development and growth of the PV industry. The general trend of global PV module pricing has been a rapid and steep decline— an order of magnitude over the past 10 years (Mints April 2019)—enabled by economies of scale as well as manufacturing and technology improvements.

How do we estimate solar PV production costs?

For a sample of solar PV manufacturers, we estimate production costs based on nancial accounting statements. We use these cost estimates as data inputs in a dynamic model of competition to obtain equilibrium prices, termed Economically Sustainable Prices (ESP).

What percentage of PV modules are produced by solar power?

It accounted for greater than 90% of PV production in 2014 when total module shipments were about 40 GW (SPV Market Research 2019), and it accounted for around 94% of PV shipments in 2019 when total module shipments were about 124 GW (SPV Market Research 2020).

Why are PV modules cheaper than cell MSPs?

The relative price differences among the different PV technologies are less pronounced for module MSPs than for cell MSPs, because the higher-efficiency technologies require less module material per watt. Assumptions include manufacturing of 72-cell modules in urban China, not including tariffs.