Rethinking solar costs: Aluminium frames redefine PV industry margins

According to the analyst, secondary materials have significantly reshaped the cost structure of the solar panel industry this year, becoming the primary driver of production expenses.

SinoLink Securities reported that by November 2024, aluminium frames had become the most expensive component in solar panel manufacturing, accounting for 14 per cent of total production costs. Packaging glass closely followed, at 13.4 per cent, while silver paste represented 11.6 per cent.