Why are solar panels so expensive in Brazil?

Despite global overcapacity, several factors may contribute to a slight increase in solar panel prices in Brazil, with shipping costs and quotas for fiscal exemptions on imported PV modules playing a key role. From pv magazine Brazil Brazil imported around 10.1 GW of PV modules between January and May, according to PV InfoLink.

How many solar modules does Brazil import?

From pv magazine Brazil Brazil imported around 10.1 GW of PV modules between January and May, according to PV InfoLink. This capacity, worth $1.2 billion, exceeds the $1.13 billion import quota set by the Brazilian authorities for exemption from 9.6% import duties on solar modules from January to June 2024.

How much is a solar module worth in Brazil?

This capacity, worth $1.2 billion, exceeds the $1.13 billion import quota set by the Brazilian authorities for exemption from 9.6% import duties on solar modules from January to June 2024. The next round of tax-free import quotas is set at $1.014 billion from July 2024 to June 2025 and may be exhausted quickly.

How much does solar cost in Brazil?

Our rankings are never affected by revenue or partnerships. We break down average solar pricing in Brazil. The national average cost of solar panels is $2.66 per watt, but in Brazil it’s 4 per watt.To cover the typical energy usage of the average home in Brazil, most homeowners require a 8.7-kilowatt system.

Where are solar panels made in Brazil?

Pirapora Solar Complex, one of the largest in Brazil and Latin America, with a capacity of 321 MW. In 2016, a factory capable of producing 400 MW of solar panels a year opened in Sorocaba in São Paulo, owned by Canadian Solar. A plan to build a solar panel factory in Rio Grande do Norte was announced by the Chinese manufacturer Chint in 2017.

Should you buy solar panels in Brazil?

If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Brazil average.