Well, you might be wondering—how does the world's largest solar market keep its prices competitive while upgrading technology? Let's break it down. As of March 2024, China's average residential solar system costs dropped to $0.28 per watt, 15% lower than 2023 figures according to the 2024 China Renewable Energy White Paper. But wait, no—industrial-scale projects tell a different story, with prices actually increasing by 8% in Q1 due to raw material shortages.
You've probably noticed that 70% of global photovoltaic modules come from Chinese factories. But here's the million-dollar question: How do you separate the wheat from the chaff when sourcing solar panels from China? Let's unpack the realities behind those tempting price tags.
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