How Many Ounces Of Silver In A Solar Panel

Silver demand from the solar sector hit a high of 100 million ounces in 2019 and is likely to fall as headwinds weigh on industrial sectors.

How many ounces of silver in a solar panel. Silver investment demand will rise to 128 million next year from 108 million ounces in 2017 christian said. The current silver use cost per solar panel is around 6 1 of the total cost of the price of building each solar fuel cell unit. It is estimated that it currently takes about 20 grams of silver to build an average solar panel. Average solar panels are about 1 8 square meters in size and use about 20 grams or 0 643 troy ounces of physical silver.

Two thirds of an ounce of silver in every solar panel may not sound costly given today s silver spot price. The fact that the average solar panel contains between 15 and 20g of silver leads us to assume that this development will not be without impact on silver prices. That is using only today s currently depressed silver spot price in middle 2019. Six hundred million ounces of silver to be consumed in photovoltaics and ethylene oxide production through 2020 silver institute press releases six hundred million ounces of silver to be consumed in photovoltaics and ethylene oxide production through 2020.

An average solar panel uses some 20 grams or 0 643 troy ounces of silver. But silver s cost contribution to solar panels outweighs its proportional expense over virtually any other application it has other than perhaps jewelry silverware or in 999 fine bullion coin or bar form. The average size of a solar panel is about 1 8 square meters.