Chinese Solar Firms Increase Prices as Silver Costs Rise and Tax Rebates End
Chinese solar manufacturers are raising prices for overseas buyers due to a surge in silver costs and the cessation of export tax rebates. Trina Solar increased prices by 3.5-3.66%, while Longi Green Energy doubled its price to 0.06 yuan per watt. The Chinese government's termination of a 9% export VAT rebate, effective April 1, is expected to further elevate prices and potentially consolidate the solar industry.
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Chinese solar manufacturers are increasing prices for overseas buyers in response to rising silver costs and the removal of export tax rebates. Trina Solar raised its prices by 3.5-3.66%, while Longi Green Energy doubled its price to 0.06 yuan per watt.
Silver prices have surged over 48%, impacting solar panel production costs. China exported 206 gigawatts of photovoltaic modules in early 2025, a 10% increase year-on-year. The Chinese government announced the termination of a 9% export VAT rebate effective April 1, aimed at reducing market competition. Analysts expect this may lead to higher prices and the consolidation of China's solar industry.
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