English 
Spanish 
2 min read
0 comments
Price reduction drives investment in solar energy for homes and small businesses in Brazil, even with taxes in force
With the 30% drop in solar panel prices, investing in solar energy has never been so accessible. This reduction reflects a greater investment attractiveness for the end consumer, with a ROI improved by 25% for residential systems, according to the Diário do Nordeste website.
Even with tax collection and the current Sun rate, the verticalization of Chinese companies in the production of solar energy panels and the increase in supply have put pressure on prices down, making equipment more accessible.
Reduction in return on investment time
The average time for the consumer to recover the investment on a solar energy system decreased from 4,4 years in 2023 to 3,3 years in 2024, making the financial return faster and more attractive.
- New technology converts carbon dioxide into methane fuel
- China plans to collect solar energy in space and send it back to Earth
- Green hydrogen gains momentum in São Paulo: State invests R$32 million in innovative center to lead the fight against emissions and boost clean energy
- Petrobras invests heavily in Brazil's sustainable future, with US$4,3 billion for solar and wind energy, part of an ambitious US$111 billion plan by 2029!
HOUSEHOLD APPLIANCES – FREE MARKET
Photo: Honório Barbosa/Diário do Nordeste
With more than 80% of distributed solar energy generation coming from residential systems, the demand and supply of solar panels has skyrocketed in Brazil, with China being the main supplier of equipment.
Verticalization in China and surplus supply
Chinese companies that manufacture photovoltaic panels have chosen to “verticalize”, that is, participate in the entire production process, from raw materials to the final product. This resulted in an offer surplus panels solar panels, with China producing beyond domestic demand and exporting to Europe, which also has an excess supply. As a result, panel prices have fallen by around 60% throughout 2023.
The Brazilian market, especially Ceará, felt the effects of drop in prices. Solar energy panels have become around 50% cheaper for consumers in less than two years, despite recent taxes. The expectation is that prices will continue to fall, but at a slower pace, reaching an equilibrium point in the coming months.
Be the first to react!