US market shipped US$10bn of modules in 2021, average price per watt value continues to fall

August 2, 2022
Facebook
Twitter
LinkedIn
Reddit
Email
The average dollar per watt value of US modules fell again in 2021. Image: SEIA via Twitter

The US market shipped US$9.8 billion of modules in 2021, with the average dollar per watt value continuing to fall, according to the country’s Energy Information Agency (EIA).

It’s 2021 Annual Solar Photovoltaic Module Shipments Report, released 29 July, revealed that the US had nearly 29 million module shipments in 2021, up from 21 million in 2020, and representing an enormous rise from 2010 when the figure stood at just 2.6 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Over the same period, the average value per watt of PV modules has also plummeted. In 2010, the average value of PV modules was US$1.96/W, with this steadily falling to US$0.38/W in 2020 and US$0.34/W in 2021.

Last year’s fall came despite acute pressure on the solar supply chain, with material price hikes, logistical issues and geopolitical events all causing upwards pressure on module prices. In July, modules prices rose for the first time months but this was not enough to cause an overall annual increase, according to EIA data.

The agency’s data showed that more than four million modules were manufactured in the US during 2021, with almost 23 million imported from abroad. Export shipments made up roughly 1.1 million modules, while 119,936 were purchased from US original equipment manufacturers (OEM).

It should be noted however, that the EIA said fewer companies were now responding to its surveys “because of company consolidation and changes to strategic planning of companies in the US solar PV industry.”

“As a result of fewer survey respondents, the data tables in the 2021 report are less detailed than in past reports to protect the confidentiality of the individual company-level data,” the EIA said, adding that data can no longer be published for the specific types of PV cells and modules, or by region.

In October 2021, EIA data showed that US renewables production reached an all-time high in the first half of that year, with solar generation rising by almost 25%.  

16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

November 5, 2025
IPP Sol Systems has selected Solv Energy as the EPC services provider for a 209MW solar PV plant in Texas, US. 
November 4, 2025
Syncarpha Capital has completed construction work at the 7.1MW Acton solar-plus-storage project in the US state of Massachusetts.
November 4, 2025
Israel-headquartered IPP Enlight has secured US$150 million in financing to support a solar-plus-storage project in the US.
November 3, 2025
US renewables developer EnergyRe has reached financial close on a solar PV portfolio in the US state of South Carolina.
November 3, 2025
IPP ContourGlobal has closed its first renewable energy project financing in the US, as it continues to expand its presence in the country.
October 31, 2025
Solar Media Market Research looks into the the Section 232 ruling in the US, tackling the questions that need to be understood.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany