Why did China module prices jump sharply in late 2025?

Wood Mackenzie attributes a 48% price increase between September and October 2025 to coordinated Chinese government policy, including factory utilization cuts and the removal of export VAT rebates.

Why do U.S. module prices remain so much higher than China's?

U.S. Department of Commerce antidumping and countervailing duties on Chinese-linked solar cells and modules, with some rates finalized above 3,400%, keep First Solar's U.S. bookings priced near $0.36 per watt versus roughly $0.09 per watt for China FOB.

Is the solar industry still oversupplied despite rising prices?

Yes; BloombergNEF estimates 1,100 gigawatts of global manufacturing capacity against only 649 gigawatts of forecast 2026 demand.

What is driving India's distinct mid-tier pricing?

India's Basic Customs Duty of 25% on cells and 40% on modules, layered onto Chinese imports to support its Production-Linked Incentive scheme, puts First Solar's India bookings at roughly $0.20 per watt.

Where are China export prices expected to land in late 2026?

Market reporting via pv magazine expects China PV module export prices to stabilize around $0.12 per watt in the second half of 2026.

Global Solar Module Price Tracker

Name: Global Solar Module Price Data, 2022-2026
Creator: Epignosis Insights

Epignosis Insights Research Desk — Monthly Report, August 2026