When solar panels come into discussion, the manufacturers that come to mind are usually those from Germany, the USA, Canada, South Korea, or Australia. While it’s a fact that they do offer premium panels, much of the components or parts of their panels come from downstream China. Nowadays, purchasing a solar product that does not have some pieces made in China is unavoidable.
So if you’re all for more sustainable energy sources but don’t want to hurt your pockets, here are several reasons you should get solar panels from China.
China is all out for renewable energy.
China’s numerous factories and overpopulation are all but a drop in its pocket. This is because, for the past years, China has been investing itself in renewable energy sources.
China’s solar energy production soared to 77.42 gigawatts at the end of 2016 after having installed 34.54 gigawatts. Most recently, China’s total solar capacity is now at 340 gigawatts, breaking its 2021 record of 54.9 gigawatts, according to Reuters.
On top of all these, China aims to bring its wind and solar capacity to 1200 gigawatts by the end of this decade.
The Chinese government supports solar panel companies in the country.
Chinese solar panel companies are given access to capital with a less restrictive business and regulatory environment. As such, solar panel companies make use of local suppliers to supply more affordable materials and machinery to produce solar panels.
Since 2010, China has been considered a dominant global player in producing solar panels. Land electricity subsidies and low-cost financing by the government contributed to the massive growth of the solar industry. With such, the solar panel industry in China emerged gradually but steadily and ultimately. Such growth contributed to a dramatic downward shift in the price of solar panels and enabled companies to compete in the global market. The demand has been consistently high. Last 2015, China’s domestic market outperformed Germany’s solar market, considered the largest in the world
China dominates the solar panel supply chain.
According to Elements, China controls at least 75 percent of each key stage of solar panel manufacturing and processing. This is no surprise as even back in 2010, China produced a great majority of the world’s solar panels. Since then, the average share of the solar panel supply chain rose from 55 to 84 percent.
Moreover, China trumps other countries that produce solar panels in terms of investment. It makes up almost two-thirds of the global total.
In fact, in the first half of 2022 alone, China invested USD41 billion, a 173 percent increase from 2021.
China offers cost-competitive solar panels to the mass market.
Despite the tariffs imposed on China by other countries, China continues to offer the most affordable panels in the world. Such growth led to an acceleration in the installation of solar projects across the globe. On the downside, it also drove several U.S. and European solar companies out of business.
While China has become infamous for low-cost labor, the solar manufacturing industry is, in actuality, automated most of the time. On top of this, China has a unique supply chain. It has also created an enormous solar manufacturing capacity that another country has yet to rival. Given all these, anyone can really afford to purchase green energy.
Say Hello to Green Energy With Solar Panels From China
If you want to cut down on your electricity expenditure, installing solar panels at your place is the way to go with China offering the most affordable solar panels for anyone who’s into green energy.
Importing solar panels from China is now made easy thanks to ImportAnything.ph. With sea and air shipping warehouses in Guangzhou, Yiwu, and Shishi, China, getting them into the country becomes hassle-free. You won’t have to deal with customs yourself because we’ll take care of all the paperwork and nitty-gritty details for you. All you have to do is fill out our online form, and you’re ready to go.
