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Every month we publish a current price index on the development of wholesale prices of solar modules. In doing so, we differentiate between the main technologies available on the market.

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Solar (photovoltaic) panel prices
IRENA presents solar photovoltaic module prices for a number of different technologies. Here we use the average yearly price for technologies

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Explore Austria solar panel manufacturing with market analysis, production statistics, and insights on capacity, costs, and industry growth trends.

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Light & flexible photovoltaic modules for industrial
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Empirical approach shows PV is getting cheaper than
Solar module prices have fallen more than 99.8% since 1976. Study of almost 3,000 forecasts has revealed just how unambitious analysts have
FAQs 3
How much does a photovoltaic panel cost?
Mainstream Photovoltaic Panels: Average price of €0.10/Wp, down 9.1% month-on-month. 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 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.
Where did photovoltaic cost data come from?
Photovoltaic cost data between 1975 and 2003 has been taken from Nemet (2009), between 2004 and 2009 from Farmer & Lafond (2016), and since 2010 from IRENA. Prices from Nemet (2009) and Farmer & Lafond (2016) have been converted to 2024 US$ using the US GDP deflator, to account for the effects of inflation.
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