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Why did solar module prices rise in Q1 2025?

U.S. solar module prices were already inching up in late Q1 2025 due to trade policy signals, and the April tariffs accelerated this trend. After a long period of decline, the market saw a $0.01/W (4%) uptick to about $0.26/W average in December 2024, reflecting anticipation of new import costs.

How much does a battery cost in Q2 2025?

In practice, U.S. distributors have updated their price sheets for Q2 2025: residential 5–10 kWh battery units (often used with home solar) that were wholesaling around $400 per kWh have seen prices climb to $500+ per kWh for the latest stock. At utility-scale, battery container (BESS) prices in contracts have also been revised upward.

How will the April 2025 tariffs affect solar equipment pricing?

Going forward, we will likely see continued realignment of supply chains and possibly negotiations or exemptions, but until then, the April 2025 tariffs are a key factor in solar equipment pricing – boosting domestic manufacturers’ prospects while challenging project economics for import-reliant developers.

How will tariffs affect solar panels & inverters in 2025?

In summary, as of April 2025 we see solar panel prices up by 20–40% (depending on origin), inverters up ~10–30%, and battery costs up significantly (~30% or more) compared to pre-tariff levels. These increases correlate directly with the reciprocal tariff rates imposed (34% on China, 36–49% on SE Asia, etc.), underlining the tariffs’ impact.