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Latest prices for heterojunction photovoltaic modules

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Module pricing continues to evolve based on technology type. The most notable shift has been in heterojunction (HJT) modules, which have declined in price from $0.38/W in July

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HJT module prices go down, TOPCon stays steady at

Heterojunction (HJT) module prices in the US decreased by 2.9% between November 2024 and February 2025, according to a report from solar and storage software

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Latest prices for heterojunction photovoltaic modules [PDF]

6 FAQs about [Latest prices for heterojunction photovoltaic modules]

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.

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 efficient are photovoltaic modules in 2025?

But let’s take a closer look at the figures recorded in January 2025: Photovoltaic modules with monocrystalline or bifacial HJT cells, N-type/TOPCon or xBC (Back Contact) and their combinations, with efficiencies above 22.5%.

Why are photovoltaic modules falling in 2024?

Prices for photovoltaic modules in 2024 continue to fall. According to the monthly index published by Germany’s pvXchange Trading, the downward trend persists, driven largely—if not entirely—by Asian overproduction. The index focuses on the European market, which pvXchange has been monitoring since 2009 with a unique pricing tool.

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.

What makes REC Solar modules unique?

Each module incorporates REC's cutting-edge heterojunction (HJT) cell technology, ensuring exceptional performance even in challenging conditions. With power outputs ranging from 410W to 630W and comprehensive 25-year warranties, these modules deliver outstanding value for both residential and commercial solar applications.