The prices for solar systems have fallen in the first three months of the year. By how many percent? And what costs should you expect now?
Prices for solar systems fell in the first three months of the year. As the comparison portal Selfmade Energy told the AFP news agency, they fell by five percent between November 2023 and March 2024. This development indicates cautious buyers.
Since autumn, the comparison portal has observed a “steady decline in prices”. “Demand is generally lower in winter. In addition, many homeowners delayed purchasing a photovoltaic system,” said Tim Rosengart, founder of Selfmade Energy. In December, a system with 25 panels and eleven kilowatts of power cost an average of 17,540 euros, while in May it was 16,676 euros, as Selfmade Energy and the comparison portal “Verivox” reported.
Consumers had hoped that the “solar power for electric cars” subsidy program would be continued. But that did not happen. This meant that solar companies were only working at low capacity over the turn of the year. They are now offering “heavy price reductions of up to 25 percent,” explained Rosengart. In addition, there is a reluctance to invest in renewables due to general economic uncertainty.
Due to the extremely high demand, many solar companies had previously been fully booked for months. According to the information, 2023 was a record year for photovoltaic systems. More than a million systems were installed, of which more than 600,000 were in the power class between 2 and 15 kilowatts, which is typical for private roof systems, explained Rosengart.
Demand had also increased as a result of high energy prices following the outbreak of the war in Ukraine. That has now changed: “The orders from 2022 have been processed, and installations within four weeks of receiving the order are now common,” explained Rosengart.
According to the analysis, there were particularly large price differences for small systems with six kilowatts. There, the difference between the cheapest and the most expensive offers was up to 30 percent. The largest price drops were observed in Saxony, Saxony-Anhalt and Thuringia. They fell less sharply in Saarland, Berlin-Brandenburg and Mecklenburg-Western Pomerania.
