O average price for installing photovoltaic systems for homes in Brazil reached, in the third quarter of this year, R$/Wp 3,17 – the lowest index since the beginning of the Solfácil Radar, in 2022. The indicator also showed a drop of 11% compared to the second quarter of 2023.
According to the study, the price drop was driven by dollar reduction and international shipping cost, which fell by around 77% in the last year, reducing the cost of transporting solar panels.
Furthermore, the increase in production capacity and the dynamics between inventory and turnover also contributed to the movement. Already the polysilicon price, the main raw material for the production of photovoltaic solar panels, remained stable during the period considered.
O study was built from the analysis of financing requests for residential projects made to Solfácil between the months of July 2022 and September 2023. Access the full study.
Average price by region
The study pointed out that the reduction in the average price of solar energy was observed in all regions of the country, with the Midwest it was the region with the cheapest kWp in Brazil, R$/Wp 3,05. The indicator fell by 10% compared to the previous period.
The states have the following average:
The second region with the lowest average price for installing solar energy was Southeast, with R$/Wp 3,14, a drop of 13% compared to the second quarter of this year. This is the largest reduction recorded in the region.
See the rates in each state:
The region Sul recorded an average of R$/Wp 3,16, with a reduction of 12%. The states are divided according to the following average:
The region Northeast presented an average cost of R$/Wp 3,17 and had a drop of 12% in the period. See the average for each state:
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Image: Reproduction/Radar Solfácil
The region North, on the other hand, has the highest average price, R$/Wp 3,33, despite the 9% drop compared to the previous period.
Top brands by power range
The report also lists the most used inverter brands in installations by system power range, considering project financing requests made to Solfácil.
Growatt, Deye and Goodwe lead the TOP 3 of the main brands. Check out the ranking below.
Comments (5)
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I commented without reading it properly, disregard it.
Good Morning!
This is not the reality in Alfenas MG, here there are people working almost for free and the average value here is no more than R$1,00 per wp and is often below that!
Hello Mr. Joaquim, from ALFENAS
YOU CAN GIVE YOUR CONTACTS
WITH TEL, EMAIL, LOCATION AND IF YOU HAVE ANY OTHERS AND I THANK YOU
GARCIA
SANTOS SP.
Gonzaga neighborhood
TEL 55 11 9 7274.7579 what
Santos 11.November 2023
03.46 am…in
Is there any reason other than market availability or price that justifies the use of the first 3 brands of inverters? For example, being a reference for quality, greater guarantee, durability, etc.
Excellent information for customers who have been waiting for better and more affordable prices on the market.
Lucas the Great
LM Energia Solar