The year 2025 is almost halfway through, and still there is no clear trend for solar module pricing in the industry. According to pvXchange, there was a minor price adjustment during the month, as some module prices dropped ‘selectively’ by €0.005/W to €0.01/W, driven by weak demand in the recent weeks and rising inventories.
However, the largest percentage of price correction was seen only for low-cost modules comprising older and stockpiled ones, as per the analysis. The average index value dropped as several large batches of low-priced modules entered the market recently, according to the latest analysis by online solar PV trading platform pvXchange.
High-efficiency modules, with over 22.5% efficiency, were priced at €0.135/W as of June 18, 2025, with prices declining 3.6% sequentially, but representing an 8.0% increase since January 2025. In comparison, at €0.110/W, mainstream modules with up to 22.5% efficiency saw their prices decline 4.3% over May 2025, but improve by 4.8% since the beginning of the year.
The situation in the local inverter and storage market is no different, as manufacturers avoid sharp price swings by offering limited-time specials from time to time, thereby ensuring that prices have largely remained stable since the beginning of 2025.
“Currently, the European PV market shows no clear signs of decline or growth. In Germany, new photovoltaic system connections dipped slightly in April compared to previous months and last year but increased again in May,” observes the Managing Director of pvXchange, Martin Schachinger. “June also looks strong, with rising demand and order volumes in wholesale trade. This contradicts earlier pessimistic forecasts for the market's future.”
Schachinger is optimistic, nevertheless, of prices going upwards through the summer. He bases this confidence on the resilience and unique dynamics of solar PV technology despite political uncertainties and global crises, including rising US trade tensions, Middle East instability, and mixed signals from China.
TaiyangNews’ weekly PV Price Index for calendar week 25 in 2025, which provides average product prices in China, confirms the broader downward trend on a year-to-date (YtD) basis.
