SolarEdge Technologies Holds Firm on Inverter Prices Despite Falling Panel Costs
SolarEdge Technologies, a leading solar inverter manufacturer, has announced that it will not be reducing prices for its inverters despite a temporary dip in demand from Europe. The company is banking on the decreasing prices of solar panels to make solar installations more affordable for consumers. While energy costs in Europe have risen due to the Ukraine crisis, the drop in prices of solar panels has been a boon for consumers. Solar companies are optimistic about long-term demand for solar inverters in Europe, especially with the increasing frequency of heatwaves. SolarEdge expects strong demand heading into 2024, although it faces immediate challenges such as high inventory levels in Europe and a new metering policy in California.