The general trend in prices of solar panels are not difficult to predict – for the most of the last 2 years, it has been declining gradually, before which the decline had been a lot faster. Before that (prior to 2014), it was decreasing at a much faster pace.
One can expect the gradual reduction in prices to continue into 2017 as well, but there could be some surprises in store while trying to estimate the rate of decrease.
The challenge is mainly owing to, not surprisingly, China
You see, most solar panels are made in China. Owing to the massive capacities the country has built up, there are times when there is more capacity available than the demand as some times the Chinese demand for solar panels, which is one of the highest in the world, is not predictable.
Like it has happened in the second half of 2016, when owing to China over-achieving its target for the first half of 2016, growth in solar panel consumption could slow down significantly in the country during the second half, and this could result in a serious oversupply of solar panels and a consequent reduction in prices.
All said, we can expect international prices of solar modules to be hovering in the broad range of 43-50 US cents/W for most of 2017, with every likelihood that the prices could be much closer to the lower part of the range.
You Might Want to Check Out these Questions Too on Costs & Prices
- What is the Price of Solar Panels in 2016?-Here
- How Best Can I Negotiate to Ensure I Get High Quality Solar Panels at Best Possible Prices?-Here
- What are the Best Ways to Get High Quality Solar Panels at Low Prices?-Here
- Can I Get Solar Panels at Low Prices if I Buy in Bulk?-Here
- Can I Get Solar Panels at Low Prices If I Buy Directly from Manufacturer?-Here