Hardening PV module prices to hit solar power output

The rise in prices of imported photovoltaic (PV) solar module by 15-20% in the past six months is likely to impact its demand as the cost of power generation will go up. According to the industry, it is likely to hit the segments which are price-sensitive such as MSMEs and individual customers.

The price rise has been driven by increase in the price of polysilicon — a key input for cell and module manufacturers. The industry feels due to its high price the residential customer may postpone the installation. However, serious customers, especially industry and commercial establishments, would have not much impact.