Solar and storage prices are about to rise after a year and a half of record lows, according to new data from Wood Mackenzie. Equipment procurement costs for solar and energy storage will jump around 9% starting in Q4 2025, marking the end of the bargain pricing developers have enjoyed for the last 18 months.
Equipment procurement costs for solar and energy storage will jump around 9% starting in Q4 2025, marking the end of the bargain pricing developers have enjoyed for the last 18 months. That’s because China is changing the rules. Wood Mackenzie points to three major drivers behind the coming spike: Polysilicon consolidation.
Shares of local solar groups have fallen this year as module prices drop. Gross margins at JinkoSolar, for instance, fell to 3.1 per cent in the year to September, down from 16 per cent in 2024. The outlook remains bleak, too.
Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Solar and storage prices will rise 9% in Q4 2025 as China cuts production and ends export tax rebates, Wood Mackenzie says.
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