Hello fellow solar enthusiast. I’m absolutely thrilled you’ve stumbled upon my blog once again where I, as a seasoned solar lover, continue offering insights, emerging news, and guidance related to the fantastic world of solar energy.
Today, let’s stroll through the intriguing landscape of the secondary solar market – an area somewhat less talked about, but absolutely fascinating and highly relevant for residential customers looking to get solar panels for your home.
In the ever-evolving energy sector, secondary solar markets are experiencing some significant shifts that are worth our attention. Recent data indicates a surge in secondary market volume accompanied by a noticeable decrease in module prices. This consumer-focused market correction could open welcoming avenues for homeowners interesting in adopting a greener lifestyle with a solar array for home.
More specifically, among the secondary market, mainstream solar modules – those with an efficiency between 19% and 21% – saw a considerable price drop, around 38.5% year-over-year. Low-cost modules, typically with efficiencies at or below this range, too came down with a 44.1% year-over-year decrease. This is certainly promising news for families exploring the cost factor of solar panels for their homes.
But just what types of solar panels are making their way into the secondary market? The answer ranges from components surplus from primary market to assets liquidated from bankruptcies or cleared from cancelled projects. We even encounter used or refurbished modules or those without manufacturer warranties.
Why venture into the secondary market, you may wonder? It is an often underrated yet effective way to request multiple quotes at once, gain access to considerable bulk order discounts and find equipment that may not be immediately available from primary vendors. The lesser-known market here could hold the key to an affordable and smooth transition to a green-powered home, making solar a feasible option for a wider segment of society.
Interestingly, solar modules priced in the U.S. are somewhat costlier than their global counterparts, largely due to tariffs and administrative costs. However, this minor barrier didn’t deter the demand for notable brands such as Canadian Solar, Jinko, REC, JA Solar, Qcells, and Longi.
Looking ahead, prices are expected to continue their fluctuation symphony as more players dive into the market and technological updates are embraced. We should prepare ourselves for a seamless transition from p-type to n-type cell technology in the foreseeable future.
As a solar expert, it seems pertinent to remind you all that the solar industry, whether it’s primary or secondary market, isn’t merely about hardware. We’re talking about a well-rounded system that includes services designed to extend the lifespan and performance of solar assets. This includes tasks such as inspection, testing, repair, remarketing and responsible recycling routines. As an educated consumer looking to integrate solar into your home, wrapping your head around these considerations should be high on your to-do list.
In conclusion, solar companies are gearing up to offer more flexibility to consumers allowing them to explore solar technology with more freedom, whether they’re outfitting their cozy home with their first solar array or expanding a pre-existing system. Remember, every sunrise brings a golden opportunity to step into a greener, cleaner, solar-empowered world. As always, remain curious, keep exploring the exciting world of solar, and stay tuned for more insights in my upcoming blogs.
Original Article: https://pv-magazine-usa.com/2024/01/29/secondary-market-for-solar-modules-presents-low-cost-buying-opportunities/
