How is the difference in the price of solar panels between different manufacturers formed?

The price difference of solar panels between different manufacturers consists of many different factors. One significant factor is the manufacturer’s reputation and brand. Well-known and respected manufacturers can charge higher prices for their products because their quality and reliability are usually better than similar products from unknown manufacturers.

Another factor is the level of technology and innovations. Some manufacturers are investing more in research and development, which can lead to better and more efficient solar panels. This can increase prices, but at the same time it also improves the performance and durability of the product.

The third factor is the scale of production. Large manufacturers that produce large quantities of solar panels can benefit from economies of scale and thus lower their prices. Smaller manufacturers who produce smaller quantities may not be able to compete on prices in the same way.

Finally, market competition also affects solar panel prices. If there are many different manufacturers offering similar products in the market, price competition can lower prices. On the other hand, if there are fewer manufacturers in the market, or if one manufacturer controls a large part of the market, prices can remain higher.

Sources: Energiasoppi, Aurinkopanelikeskus