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The PV Module Price Index for the Secondary Solar Market report by EnergyBin indicates a continuous expansion of the secondary solar market for the third consecutive year. This index monitors the wholesale prices and availability of crystalline-silicon (c-Si) modules that have exited conventional distribution channels and are now listed for resale on the EnergyBin exchange.

The report highlights the significance of a strong and sustainable secondary solar market in reducing waste and optimizing asset recovery. The value of this secondary market grows as the reuse of PV modules that are still functional and not yet at the end of their lifespan becomes a standard practice.

“The price index makes it evident that remarketed modules, whether new or used, maintain their resale value,” explains Renee Kuehl, Chief Operating Officer at EnergyBin. “Even as global prices experienced a significant decline in 2023, the index underscores a certain level of resilience within the U.S. market.”

EnergyBin, a B2B wholesale solar equipment exchange with over 500 member companies, enables the networking of solar firms interested in purchasing and selling PV hardware. While transactions are not conducted directly on the EnergyBin platform, sales listings have recorded over 5.4 million modules (equivalent to 2.13 gigawatts) posted on the site between January 2020 and December 2023. During this three-year span, the number of solar panels listed for resale on the exchange surged by 29 percent, signaling a growing momentum in the secondary market.