Solar module prices continued to fall in August, reaching record lows across nearly all technology classes, according to online solar trading platform pvXchange, which says modules are now trading at or below January levels.. Solar module prices continued to fall in August, reaching record lows across nearly all technology classes, according to online solar trading platform pvXchange, which says modules are now trading at or below January levels.. IRENA presents solar photovoltaic module prices for a number of different technologies. Here we use the average yearly price for technologies 'Thin film a-Si/u-Si or Global Price Index (from Q4 2013)'. This data is expressed in US dollars per watt, adjusted for inflation. IRENA (2025); Nemet. . Excess Inventory & Supply Glut: A primary driver of the downward trend is a substantial surplus of solar modules globally, leading to intense competition among manufacturers. Falling Silicon Prices in China: Decreasing prices of polysilicon, particularly in China (a major producer), directly. . According to pvXchange, solar module prices have reached record lows in August 2025, with high-efficiency products trading below previous benchmarks. A combination of weak demand, reduced government support, and policy shifts favoring fossil fuels poses challenges for the solar market's long-term.
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