April 2025 Tariffs | Solar Equipment | Industry Impact
The updated reciprocal tariffs effective April 2025 have led to notable price increases for solar panels, inverters, and batteries in the
For example, N-Type modules by REC listed for resale in May and July pushed up weighted average prices to $0.411 and $0.460 respectively. P-Type modules in September increased to $0.311 as modules by Sirius PV, Solar4America, and Panasonic were remarketed. The same price increase was present in P-Type Bifacials for the month of December.
Average EXW prices from distributors for residential solar panels are reported between €0.125/W and €0.100/W, depending on the volumes. US DDP: The spot price for TOPCon utility-scale modules DDP US rose this week from 0.71% to $0.284/W.
However, prices on EnergyBin ranged from $0.140 (Vikram Solar) to $0.360 (QCells). These are prime examples of the fluctuations within of the secondary market with respect to pricing and availability. Such price fluctuations put pressure on wholesale sellers to do their research and practice transparency by listing prices online.
These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs. Read more to find out how these cost benchmarks are modeled and download the data and cost modeling program below.
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