In conclusion, photovoltaic modules prices are expected to remain in a low adjustment phase during 2025-2026. However, the likelihood of significant price drops is minimal, and upward pressure on prices persists.
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In conclusion, photovoltaic modules prices are expected to remain in a low adjustment phase during 2025-2026. However, the likelihood of significant price drops is minimal, and upward pressure on prices persists.
We expect the electric power sector to add 26 gigawatts (GW) of new solar capacity in 2025 and 22 GW in 2026. We expect these capacity additions will increase U.S. solar generation by 34% in 2025 and by 17% in 2026. Global oil consumption growth remains below its pre-pandemic average
However, the likelihood of significant price drops is minimal, and upward pressure on prices persists. With capacity adjustments, market clearing, and advancements in technological innovation, the supply-demand dynamics are anticipated to improve by late 2025 or early 2026, potentially marking a turning point for module prices.
However, as the primary cost component of photovoltaic modules, the price of solar cells plays a decisive role in module pricing. Due to the oversupply of polysilicon in earlier periods, prices have been under sustained pressure since 2023, even falling below cost levels in the first half of 2024.
Coupled with the impact of increased U.S. tariffs on polysilicon and silicon materials, polysilicon prices are expected to remain at low levels in 2025. 2. Supply and Demand Dynamics Impacting Price Trends
Solar power will supply most of the increase in electricity consumption Note: Battery storage net generation is close to zero, reflecting the net effect of charging and discharging. Solar power supplies most of the increase in generation in our forecast.
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