Immediately EnergyBin introduced the discharge of its fourth annual “PV Module Price Index for the Secondary Solar Market” report. The value index tracks wholesale pricing and provide of crystalline-silicon (c-Si) modules which have fallen out of conventional distribution channels, and consequently are listed for resale on the EnergyBin alternate.
Credit score: Solar Goat
For the fourth yr, the report findings make clear the significance of a strong and sustainable secondary photo voltaic market to attenuate waste and maximize asset restoration. The worth of a secondary market will increase as reuse of PV modules not but at end-of-life turns into widespread follow.
In 2024, 95% of the stock for resale (1.7 million modules) was new extra inventory that flowed from surplus and clearance closeouts, remarketing efforts, delayed, downsized or cancelled tasks, asset liquidations and leftovers from challenge installations.
“What’s clear from this report is {that a} secondary market is totally essential to remarket PV {hardware} when surprising occasions happen,” mentioned Renee Kuehl, COO of EnergyBin. “Photo voltaic corporations want a resale channel to redirect modules when tasks fall by or liquidations are essential.”
This yr’s value index has been reclassified from previous years’ indices to match photo voltaic panel expertise sorts accessible on the market in at this time’s international market. Every major class – All Black, Bifacial, and Monofacial – embody weighted common costs for p-type, n-type (when accessible), and mixed. Knowledge was taken from resale listings of modules situated throughout the U.S. market and able to ship. Total, the worth index exhibits that new PV modules are likely to retain resale worth within the U.S. secondary market besides when their expertise is older, comparable to legacy polycrystalline modules. Fairly, costs rise and fall due to market circumstances that additionally have an effect on the first market, product availability for any given month, and model title in addition to the place modules have been made and/or assembled.
“Inside the previous 4 years of presenting this report, we’ve noticed value fluctuations on account of a number of elements,” Kuehl mentioned. “Low-end costs within the U.S. secondary market are sometimes a results of an pressing must liquidate inventory whereas high-end costs could also be extra affected by demand.”
Throughout H2 2024, value averages on EnergyBin have been decrease than the general U.S. market, the place the nationwide common, as reported by NREL, was $0.33/W on the finish of Q3.
“This indicator expresses the significance for wholesale consumers and sellers to include the secondary market into their value analysis processes,” Kuehl famous. “Even for these with sturdy vendor relationships, leveraging the secondary market as an extra gross sales channel and sourcing resolution is sweet for enterprise.”
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