3rd PV Module Price Index by EnergyBin Indicates the Secondary Solar Market is Gaining Momentum

At the moment EnergyBin introduced the discharge of its third annual (2023) PV Module Worth Index for the Secondary Photo voltaic Market report. The worth index tracks the wholesale worth and provide of crystalline-silicon (c-Si) modules that fall from conventional distribution channels, and in consequence are listed for resale in EnergyBin trade.

For the third 12 months, the report’s findings make clear the significance of a powerful and sustainable secondary photo voltaic market to attenuate waste and maximize asset restoration. The worth of a secondary market will improve because the reuse of PV modules that aren’t on the finish of life turns into a typical apply.

As a B2B wholesale photo voltaic tools trade comprised of 500+ member corporations, EnergyBin facilitates the connection of photo voltaic corporations trying to purchase and promote PV {hardware}. Though the transactions didn’t happen on the EnergyBin platform, the gross sales lists documented greater than 5.4 million modules (or 2.13 gigawatts) posted on the positioning from January 2020 to December 2023. Over three years interval, photo voltaic panels listed for resale on the trade elevated by 29 %, a sign that the secondary market is gaining momentum.

“For the third 12 months in a row, the PV Module Worth Index offers information that factors to a rising secondary photo voltaic market,” mentioned Renee Kuehl, COO of EnergyBin. “What is obvious from this worth index is that remarketed modules, whether or not new or used, stay resold.

In December, the spot worth for mono PERC modules on EnergyBin of $0.246/Wp was virtually double the worldwide spot worth of $0.125/Wp. All Black and Bifacial modules are $0.261/Wp and $0.308/Wp respectively.

The PV Module Worth Index is a useful resource for photo voltaic professionals to precisely observe modules offered throughout the secondary market. This 12 months’s report has some necessary adjustments to explain extra precisely what is going on out there. These adjustments embody:

• Module class descriptions have been up to date to replicate expertise adjustments. As modules improve in effectivity charges, the necessity for increased effectivity additionally will increase. With greater than 80 % of the modules listed for resale on EnergyBin at the moment at effectivity charges of 19.0 % or increased, the brand new class descriptions extra precisely signify modules which can be wholesale patrons and sellers do enterprise day in and time out.

• This 12 months’s report features a comparability of US spot costs for “Made in USA” modules versus imports, as they’re listed for resale on the EnergyBin trade. “Made in USA” modules are likely to value 40-45 % greater than imports (excluding imports made in western Europe).

• The report offers a median PPW comparability of modules of seven prime world manufacturers by cargo quantity – Canadian Photo voltaic, JA Photo voltaic, Jinko Photo voltaic, LONGi, QCELLS, Risen Vitality, and Trina Photo voltaic – as an outline take a look at the model worth retention within the secondary market.

• Lastly, the report contains two Firm Highlight interviews from EnergyBin members, Aten Photo voltaic and MinnSolar, who’re PV module specialists. These interviews add area perception to this report.

One other signal that the secondary market is gaining momentum is the rise in used photo voltaic panels on the market. Since 2020, the variety of used modules listed for resale on EnergyBin has elevated by 282 %. Such modules might be redeployed as substitute components for or add-ons to current methods, utilized in off-grid methods, and repurposed in new, lower-cost builds. of power. Moreover, as these modules attain their finish of life, the reuse provide flows seamlessly into the recycling channels finishing the round financial loop.

“With the fast development of the worldwide photo voltaic business, the secondary market will even proceed to develop,” Kuehl mentioned. “Progress results in new alternatives. Within the secondary market house, we see these alternatives showing within the areas of resale, reuse, restore, remanufacturing , and recycling, in addition to value-added companies that help these enterprise features. essential parts of a sustainable round economic system.”

To obtain the complete worth index report, go to

To be taught extra about EnergyBin, go to https://energybin.com/.

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