Report shows solar module prices in secondary market stay steady over last two years

• Solar item exchange EnergyBin has actually launched its very first "PV Module Price Index for the Secondary Solar Market" report. This is likely the first consider the rates of crystalline-silicon modules at a wholesale level, outside conventional circulation channels.

As a B2B wholesale solar equipment exchange with over 500+ participant business, EnergyBin assists in the connection of solar business seeking to buy and sell PV equipment. Although transactions do not happen on the EnergyBin platform, sales listings recorded an overall of 2.1 million modules (or 746 MW) posted to the website from the past 2 years. EnergyBin assembled the price index utilizing its sales listings of modules posted, comparing 2020 to 2021.

" This data offers a vital role in the growth of solar. We very much believe that an essential element to solar coming to be mainstream is for the sector to have a durable as well as vibrant secondary market," says Renee Kuehl, Director of Sales & Marketing at EnergyBin. "The PV module price index offered by EnergyBin suggests the wellness of the secondary solar market and gives a needed resource in understanding the schedule of modules with a range of innovation classes, in various problems (largely new) that are not only cost effectively valued, about global prices, yet in many cases are provided listed below market value."

Although prices on the EnergyBin exchange for all c-Si module classes (except low-cost and also made use of) increased in 2021, the percent adjustment from January 2020 to December 2021 approached or less than nationwide average fads. Besides all-black modules, which saw a 25.3% increase, prices in each module class didn't alter beyond what may be expected from year to year. In the high-efficiency and affordable classes, December 2021 prices decreased by 5% from January 2020 prices. The report additionally found that some prices paced below global averages. High-efficiency (340 W as well as greater) and mainstream (between 275 and 335 W) modules noted as reduced as $0.24/ watt and $0.25/ watt, specifically.

"Letting equipment accumulate in warehouses and even recycling it when there is life left is counter-productive to the mission of solar itself; beyond that, there is genuine organization opportunity here. Equipment cost savings, lowering soft prices, and satisfying upkeep demands, among others, are all upshots of a secondary market," Kuehl states.

The modules reported in the price index are available by means of a wide array of circumstances, again, verifying the demand for a strong secondary market. Excess inventory from projects completed, inventory from canceled projects, and also clearance initiatives by business wanting to free up storage space prevail circumstances. EnergyBin offers the platform to move that equipment.