Global average price for solar PV modules 2024| Statista
Average spot price for solar photovoltaic modules worldwide from 2016 to 2024 (in U.S. dollars per watt-peak) You need a Statista Account for unlimited access Immediate access to 1m+
Note: Costs are expressed in constant 2024 US$ per watt. Global estimates are used before 2010; European market benchmarks thereafter due to limited data availability. Solar photovoltaic module prices refer to the cost of the solar panel itself, and do not include installation or other system components.
Average price of solar modules, expressed in US dollars per watt, adjusted for inflation. Data source: IRENA (2025); Nemet (2009); Farmer and Lafond (2016) – Learn more about this data Note: Costs are expressed in constant 2024 US$ per watt.
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.
During the conference, PVBL announced its annual ranking of the top 20 global photovoltaic module manufacturers. In 2024, the global solar module market continued to see the strongest players thrive, with the top four enterprises — JinkoSolar, LONGi, Trina Solar and JA Solar — collectively shipping over 320GW and dominating the industry.
Average spot price for solar photovoltaic modules worldwide from 2016 to 2024 (in U.S. dollars per watt-peak) You need a Statista Account for unlimited access Immediate access to 1m+
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Solar photovoltaic module prices refer to the cost of the solar panel itself, and do not include installation or other system components. Prices are compiled from three sources: Nemet
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