What’s Driving the Rollercoaster of Solar Panel Prices? Decoding the Average Price Per Watt of Photovoltaic Panels

As of March 2025, photovoltaic panel prices range from $0.08 to $0.12 per watt for utility-scale projects – but wait, no, that’s in USD. Let’s focus on the Chinese market where most manufacturing occurs. Recent data shows module prices swinging between ¥0.62/W and ¥1.0/W within just six months . You know what they say – trying to predict solar prices is like nailing jelly to a wall.