Remarketed solar panels are retaining resale value, EnergyBin report finds

Remarketed solar panels are retaining resale value, EnergyBin report finds

EnergyBin has launched its third annual “PV Module Price Index for the Secondary Solar Market” report. The value index tracks wholesale pricing and offers crystalline-silicon photograph voltaic modules which have fallen out of standard distribution channels, and due to this are listed for resale on the EnergyBin alternate.

For the third yr, the report findings clarify the importance of a sturdy and sustainable secondary photograph voltaic market to scale back waste and maximize asset restoration. The value of a secondary market will improve because the reuse of PV modules however the end of their lifespans turns right into a widespread utility. As a B2B wholesale photograph voltaic instruments alternate comprised of 500+ member corporations, EnergyBin facilitates the connection of photograph voltaic corporations in search of to buy and promote PV {{hardware}}.

Although transactions do not occur on the EnergyBin platform, product sales listings documented higher than 5.4 million modules (or 2.13 GW) posted to the situation from January 2020 to December 2023. Over the three-year interval, photograph voltaic panels listed for resale on the alternate elevated by 29%, an indicator that the secondary market is gaining momentum.

“For the third yr in a row, the ‘PV Module Worth Index’ has provided information that elements to a rising secondary photograph voltaic market,” stated Renee Kuehl, COO at EnergyBin. “What’s clear from this value index is that remarketed modules, whether or not or not new or used, retain resale value. Concurrently worldwide prices plummeted in 2023, the price index highlights a point of incubation all through the U.S. market.”

In December, the spot value for mono PERC modules on EnergyBin of 24.6¢/W was virtually double that of the worldwide spot value of 12.5¢/W. All-black modules had been 26.1¢/W, and bifacial modules had been 30.8¢/W.

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One different indicator that the secondary market is gaining momentum is the rise in used photograph voltaic panels for resale. Since 2020, the quantity of used modules listed for resale on EnergyBin has elevated by 282%. Such modules may very well be redeployed as substitute parts for or add-ons to current packages, utilized in off-grid packages, and repurposed into new, decreased power-consuming builds. Furthermore, as these modules attain their end of life, the reuse offers flows seamlessly into recycling channels ending the spherical monetary system loop.

“With the speedy growth of the worldwide photograph voltaic commerce, the secondary market may even proceed to develop,” Kuehl talked about. “Improvement ends in new options. Throughout the secondary market space, we’ll see these options manifest inside the areas of resale, reuse, restore, remanufacturing, and recycling, along with value-added suppliers that complement these enterprise options. All are essential parts of a sustainable spherical monetary system.”


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