Why are Solar Panel Prices Rising?
Availability of PV modules will
be limited in the second half of 2017. We’d like to share more
information about the likely shortage’s causes.
1.
The trade case initiated by Suniva and joined by
SolarWorld seem to be the principal cause of the shortage. Consequently,
developers of large commercial and utility-scale projects have been
buying large quantities of PV Modules in advance as a hedge against the
limited supply.
2.
The local USA market has slowed down, and foreign
manufacturers have looked to the rest of the world for new clients
and have opened new markets for their products.
3.
A lot of the Chinese manufacturers have cut off shipments to
the USA in anticipation of the possible punitive action coming out
of the Section 201 trade case.
4.
We have witnessed a notable 10
to 15 cents per watt price increase in Tier-1 Chinese modules in the
past month.
If you have a project coming up, or one
you have been working on, please be aware, that as the year goes on,
prices are expected to rise and PV modules are coming into short
supply.
If you see that the panels you want are available, we strongly
recommended you make your purchase now instead of waiting a few
months. Those panels will more than likely be long gone and if they
are still available they will not be at the same price.
...
Kind Regards,
Tom Duffy, CEO
Solar Biz
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