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

December 24, 2025
The PV Review, 2025: A look back over a turbulent year in US solar policy changes, from the 'Big, Beautiful Bill' to tariff challenges.
December 24, 2025
Alphabet has announced a definitive agreement to acquire data centre and energy infrastructure solutions provider Intersect for US$4.75 billion in cash. 
December 24, 2025
CPV Renewable Power and Harrison Street Asset Management (HSAM) have begun commercial operations at its 160MW solar project located in Garrett County, Maryland. 
December 24, 2025
PV Tech spoke to Marty Rogers of SolarEdge about how US policy rulings and policy uncertainty affected his company's work in 2025.
December 23, 2025
The PV Review, 2025: The culmination of years of oversupply of Chinese modules caused module prices to fall, slashing manufacturers’ profits.
December 22, 2025
Emmvee, through its subsidiary Emmvee Energy, has begun operations at its 2.5GW solar module manufacturing plant in Bengaluru, Karnataka.

Upcoming Events

Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
November 24, 2026
Warsaw, Poland