How big is Taiwan solar PV market?

According to GlobalData, solar PV accounted for 19% of Taiwan’s total installed power generation capacity and 5% of total power generation in 2023. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Taiwan Solar PV Analysis: Market Outlook to 2035 report. Buy the report here.

What percentage of Taiwan's electricity is generated by solar PV?

Solar PV accounted for 19% of Taiwan’s total installed power generation capacity and 5% of total power generation in 2023.

How much does a PV system cost in Taiwan?

The new feed-in tariffs range from NT4.0031 ($0.14) to NT5.8952 ($0.21) per kWh. PV systems of all types will be applied a grid tariff of NT0.0656 ($0.002)/kWh and the funds raised through this fee will be used to set up a PV module recycling scheme. Taiwan had an installed solar power of 5.81 GW at the end of 2020. Image: Happypixel/Pixabay

How much solar will Taiwan have by 2025?

The Taiwanese government aims to install 20 GW of solar by 2025, with 3 GW of rooftop PV and 17 GW of ground-mounted capacity. According to the latest statistics from the International Renewable Energy Agency, the island had around 5.8 GW of installed PV capacity at the end of 2020. This content is protected by copyright and may not be reused.

What are the different types of solar panels in Taiwan?

Solar panels can be roughly divided into thin-film solar panels and silicon wafer solar panels. Taiwan's solar industry is still dominated by silicon wafer solar panels, accounting for nearly 90% of the market. Thin-film solar panels are beautiful, bendable, and can generate electricity in low-light environments.

How much does a 3KW Solar System cost?

A solar panel system with 3 kW of capacity typically costs around $9,000 — or roughly $6,300 after applying the federal investment tax credit, which can recoup up to 30% of your total upfront costs.