Report shows solar module prices in secondary market stay steady over last two years
Exchange of sun products EnergyBin has his first “PV Module Price Index for the Solar Secondary MarketThis is probably the first look at the pricing of crystalline silicon modules at the wholesale level, outside of traditional distribution channels.
As a B2B wholesale solar equipment exchange with more than 500 member companies, EnergyBin facilitates the connection of solar companies looking to buy and sell PV equipment. While no transactions are taking place on the EnergyBin platform, the sales listings documented a total of 2.1 million modules (or 746 MW) placed on the site over the past two years. EnergyBin has compiled the price index using the sales lists of installed modules, comparing 2020 with 2021.
“This data plays an important role in the growth of solar energy. We strongly believe that a necessary component for solar to become mainstream is that the industry has a robust and vibrant secondary market,” said Renee Kuehl, Director of Sales & Marketing at EnergyBin. “The price index for PV modules presented by EnergyBin indicates the health of the solar secondary market and provides a tool to understand the availability of modules with a range of technology classes, in different conditions (mainly new) that are not only affordable, but also relatively at global prices, but in many cases below market value.”
While prices on the EnergyBin exchange for all c-Si module classes (except low-cost and used) rose in 2021, the percentage change from January 2020 to December 2021 was similar to or lower than the national average trends. Except for all-black modules, which saw a 25.3% increase, prices in each module class did not change beyond what might be expected from year to year. In the high-yield and low-cost classes, December 2021 prices are down 5% from January 2020 prices. The report also found that some prices were below the global average. High-efficiency (340 W and above) and mainstream (between 275 and 335 W) modules listed as low as $0.24/watt and $0.25/watt, respectively.
“Having equipment in warehouses piled up or even recycled when there is life left is counterproductive to the mission of solar energy itself; furthermore, there are real business opportunities here. Savings on equipment, lowering soft costs and meeting maintenance needs, to name a few, are all results of a secondary market,” says Kuehl.
The modules listed in the price index are available through a wide range of conditions, again demonstrating the need for a strong secondary market. Excess inventory of completed projects, inventory of canceled projects, and clean-up efforts by companies looking to free up storage space are common scenarios. EnergyBin provides the platform to move that equipment.
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