According to PV magazine, a notable 8% decrease in solar module costs in November may have marked the end of a protracted downturn as the market suggests a recovery. However, according to local reports in Pakistan, it won’t have much of an impact because companies have imported a lot of solar panels.
Even for freshly purchased modules, profit margins have been squeezed by this price reduction, which has affected all technologies. Moderate demand, year-end stock clearance initiatives, and emergency sales connected to insolvencies are all contributing causes.
Although some modules cost less than $0.06/W, experts advise consumers to stay away from low-quality, unbranded items because of operational dangers and shaky warranties from obscure Chinese producers.
China’s solar module export tax refund dropped from 13% in what could be a watershed moment.
