U.S. solar module prices were already inching up in late Q1 2025 due to trade policy signals, and the April tariffs accelerated this trend. After a long period of decline, the market saw a $0.01/W (4%) uptick to about $0.26/W average in December 2024, reflecting anticipation of new import costs.
In practice, U.S. distributors have updated their price sheets for Q2 2025: residential 5–10 kWh battery units (often used with home solar) that were wholesaling around $400 per kWh have seen prices climb to $500+ per kWh for the latest stock. At utility-scale, battery container (BESS) prices in contracts have also been revised upward.
In summary, as of April 2025 we see solar panel prices up by 20–40% (depending on origin), inverters up ~10–30%, and battery costs up significantly (~30% or more) compared to pre-tariff levels. These increases correlate directly with the reciprocal tariff rates imposed (34% on China, 36–49% on SE Asia, etc.), underlining the tariffs’ impact.
Going forward, we will likely see continued realignment of supply chains and possibly negotiations or exemptions, but until then, the April 2025 tariffs are a key factor in solar equipment pricing – boosting domestic manufacturers’ prospects while challenging project economics for import-reliant developers.
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