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Inverter Price Highlights:    January 2009


Summary

In the first survey of 2009, Solarbuzz surveyed 1,023 online inverter retail prices in to its inverter price database, up marginally from last month's 1,008 price points.

The January result showed more price activity than December, but it still not at particularly high levels by historical standards.

There were 9 price decreases and 27 price increases this month. In the previous month, there had been 8 price decreases compared to 12 increases.

The US index was up marginally this month.

The All Inverter Index (see right) includes the full basket of Inverters on the worldwide survey represented in US dollars and European, Euros. Further segmentation of this data can be accessed through our consultancy services.

The Price Index (see right) is based on Prices per Continuous Watt - which is a measure of the output power of Inverters. The larger the Continuous Watt, the larger the power of the Inverter.

The same calculation methodology applies to this Index as the Solar Module index - i.e. it is based on the purchase price for a single Inverter. The main difference in methodology between this Index and the Solar Module Index is that all global inverter prices are aggregated in to a single Index. Those aggregated products are then simply translated from the local currency in to either US dollars or European euros.

This month, the dollar weakened against the euro. As a result, euro index was down to 0.518 per continuous watt.

The mix of Inverter Retailers is still dominated by US Retailers. Around 90% of the prices are quoted in US dollars.

All Inverter Price Index
US $ per
Continuous
Watt
Euro per
Continuous
Watt
Jan
2009
0.720
0.518
Dec
2008
0.719
0.561
Nov
2008
0.719
0.568
Oct
2008
0.719
0.517
Sep
2008
0.722
0.491
Aug
2008
0.722
0.462
Jul
2008
0.721
0.454
Jun
2008
0.721
0.461
May
2008
0.721
0.461
Apr
2008
0.720
0.454
Mar
2008
0.720
0.475
Feb
2008
0.718
0.488
Jan
2008
0.716
0.487
Dec
2007
0.713
0.506
Nov
2007
0.713
0.492
Oct
2007
0.713
0.506
Sep
2007
0.712
0.520
Aug
2007
0.711
0.519
Jul
2007
0.709
0.518
Number and direction of Inverter Price Changes


Where companies only quote list prices on the Internet, the mix of list and actual prices will be reflected in movements on the survey. However, discount structures will be applied when calculating the Solar Electricity Indices elsewhere on this site, in order to avoid overstating the cost of solar energy to newcomers to the industry.


Price Changes
Jan
2008
Feb
2008
Mar
2008
Apr
2008
May
2008
Jun
2008
Jul
2008
Aug
2008
Sep
2008
Oct
2008
Nov
2008
Dec
2008
Jan
2009
Number of Prices that Increased
45
45
26
28
27
37
45
32
33
14
28
12
27
Number of Prices that Decreased
8
12
4
8
15
41
33
12
14
1
43
8
9
Number of Prices Unchanged
1128
1132
1141
1132
1090
972
964
968
974
1017
930
998
987

While the overall Price Index usually moves in the same direction as the relative movement of increases to decreases in the table above, the magnitude of the move can occasionally mean that the direction diverges - the size of the prices decreases relative to the increases was greater. Therefore, the Inverter price index shows a decrease even the ratio of price increases to decreases implies higher prices.

Size of Inverter Price Survey


The overall average is between three and four price points per product. The most listed product this month has 14 entries on the January 2009 survey. In other words, this particular product features on 14 of the 37 sites in the survey.

Survey Base
Jan
2008
Feb
2008
Mar
2008
Apr
2008
May
2008
Jun
2008
Jul
2008
Aug
2008
Sep
2008
Oct
2008
Nov
2008
Dec
2008
Jan
2009
Number of Companies in Survey
40
40
40
40
41
39
39
38
38
39
37
37
37
Number of Prices Tracked
1181
1189
1171
1168
1132
1050
1042
1012
1021
1032
1001
1008
1023
Number of Product Models
250
251
242
246
237
221
222
220
231
227
217
219
221


Most product listings are from companies marketing out of the United States. These companies market solar products globally. There is less public display of prices in the key Japanese markets, but growing representation from European countries. The survey does include companies from USA, Germany, United Kingdom, South Africa, Australia, Brazil, Bulgara, Switzerland and Canada. Exchange rate conversions are made on the date of the survey.

In order to retain consistency in the data, the prices are based on the purchase of one Inverter and are the lowest price displayed on the Internet site (sometimes, this price is described as a 'sale price'). Most sales companies offer discounts on multiple unit purchases and some companies offer to match the lowest price of competitors.

Major Inverter Brands*


Major Product Brands/Manufacturers covered in the survey are listed below. Click on the underlined names to go to the Company web sites or click here to go to names and addresses and contact details.

Advanced Energy
Systems
Fronius Outback SMA Regelsysteme Studer
Advanced Electronic
Supply (AES)
Go Power! Electric Inc. PowerPro
(Tumbler Technologies)
Solarix Xantrex Technology Inc
Beacon Power Heart Interface PowerSine Solsum
Cherokee Electronics Omnion PV Powered Soltek
Exeltech   Sharp Electronics Statpower a

* some manufacturers market under multiple brand names

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