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Photovoltaic Panels in the US Procurement Price, Data and Insights
Photovoltaic (PV) panels include thin-film panels and cells, crystalline silicon panels and cells and other photovoltaic cells that convert sunlight to electrical power. PV panels are also called solar panels. Common buyers include government agencies, building contractors and residential home builders. This report excludes solar thermal panels and other devices that may use sunlight to function.
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What’s included in this market coverage
IBISWorld's research coverage on the Photovoltaic Panels procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Photovoltaic Panels market in the United States includes Monocrystalline Panels, Polycrystalline Panels and Thin-Film Panels. Standard coding in this coverage includes HS-854143-Electrical Apparatus; Photosensitive Semiconductor Devices, Photovoltaic Cells Assembled In Modules Or Made Up Into Panels, ISIC-261-Manufacture of electronic components and boards, NACE-26.11-Manufacture Of Electronic Components, NAICS-334410-Semiconductor and other electronic component manufacturing and UNSPSC-32111701-Photovoltaic cells.
What common market terminology is included?
Common market terminology included in the Photovoltaic Panels procurement coverage includes Photovoltaic (PV) Cells (The individual energy-generating units of PV panels.), Photovoltaic (PV) Modules (Solar cell assemblies that do not necessarily contain all the components they need to function as a unit.) and Racking System (Photovoltaic panel systems that rotate continuously to target the best sun exposure.).
What companies are included as top suppliers?
The top companies covered in the Photovoltaic Panels procurement report as suppliers are First Solar, Inc., Canadian Solar Inc., Yingli Green Energy Holding Company Limited, Trina Solar Co., Limited and Shunfeng International Clean Energy Limited.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Photovoltaic Panels market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per watt, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Photovoltaic Panels market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Photovoltaic Panels procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Photovoltaic Panels market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Photovoltaic Panels market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Photovoltaic Panels?
The 2026 benchmark market price for Photovoltaic Panels is $2.19 per watt. Prices have declined at a CAGR of -2.18 from 2023-26.
Who are the top vendors in the Photovoltaic Panels market?
The top vendors in the Photovoltaic Panels market include First Solar, Inc., Canadian Solar Inc., Yingli Green Energy Holding Company Limited, Trina Solar Co., Limited and Shunfeng International Clean Energy Limited.
What industries supply the Photovoltaic Panels market?
The top industries supplying the Photovoltaic Panels market are Electrical Equipment Wholesaling in the US, Electrical Equipment Manufacturing in the US, Metal Wholesaling in the US, Nonferrous Metal Refining in the US, Wire & Cable Manufacturing in the US and Copper Rolling, Drawing & Extruding in the US.
What is the supply chain risk for Photovoltaic Panels?
Fragmentation in the market provides options and increases buyer power. The photovoltaic panels market has a lower market share concentration. The highly fragmented market and wide availability of suppliers provide buyers with increased negotiation leverage. In addition, the low specialization in the market makes it easy for buyers to compare and evaluate products from multiple vendors and negotiate favorable pricing and contract terms. Buyers have a wide range of options to choose from, ensuring they can secure a supplier that provides quality and cost-effective products and services.
What factors affect the price of Photovoltaic Panels?
Material type significantly affects the price of photovoltaic panels due to variations in production costs, efficiency, and technology. For instance, crystalline silicon panels generally have higher manufacturing costs but offer better efficiency and longevity compared to thin-film panels, which are cheaper to produce but may require more space for installation due to lower efficiency.
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