The solar panel industry is highly dynamic, and pricing trends are influenced by a variety of factors, such as raw material costs, technological advancements, government policies, supply chain issues, and global energy demands. Here are some key trends expected in 2024 for solar panel prices: 1. Stable to Slightly Lower Prices Despite inflationary pressures, solar panel prices are expected to stabilize or even drop slightly in 2024. This is due to several factors: Economies of scale : Increased production, particularly from leading manufacturers in China and other regions, is expected to drive down costs. Technological advancements : Efficiency improvements in solar cells (like N-type and HJT technologies) are reducing the amount of material needed per watt of energy, thus lowering costs. Falling polysilicon prices : Polysilicon, a key raw material, saw huge price hikes in 2021-2022. However, by 2024, production capacity is expected to expand, leading to price normalization. 2. Geop