Solar Module Pricing Insights | Anza
We compiled our platform median solar panel pricing data from more than 95% of the U.S. supply into a free quarterly pricing insights report.
In Q2 2024, the average U.S. module price ($0.31/W dc) was down 6% quarter-over-quarter and down 16% year-over-year (y/y), and at a 190% premium over the global spot price. In Q3 2024, the average imported PV cell price was $0.12/W dc.
Since the IRA's passage, more than 95 GW of manufacturing capacity have been added across the solar supply chain (from facilities announced pre- and post-IRA), including nearly 42 GW of new module capacity. U.S. c-Si manufacturers added significant capacity in the first half of 2024.
Ground-mounted systems larger than 5 MW-AC are covered in Berkeley Lab's separate U.S. Utility-Scale Solar annual data update. Barbose, Galen L, Naïm R Darghouth, Eric O'Shaughnessy, and Sydney Forrester." Tracking the Sun: Pricing and Design Trends for Distributed Photovoltaic Systems in the United States, 2024 Edition." (2024).
These data are made available in several formats, including: * Distributed solar is defined here to include residential systems, roof-mounted non-residential systems, and ground-mounted systems up to 5 MW-AC. Ground-mounted systems larger than 5 MW-AC are covered in Berkeley Lab's separate U.S. Utility-Scale Solar annual data update.
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