Growatt Will Raise Prices by 10 Percent
The manufacturer will increase costs for its inverter and storage products starting October 8.
Updated on Sept. 24, 2026 in Inflation
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Growatt announced a price increase of 5% to 10% for its string inverters and energy storage systems effective October 8, 2026. This move follows rising costs for raw materials and tightening supply for core components.
Why it matters
Rising costs for essential components are forcing manufacturers to pass expenses onto consumers. This adjustment reflects broader supply chain pressures impacting the renewable energy hardware market.
Growatt is implementing a 5% to 10% price hike across its product line. This action aligns with a wider industry trend where at least ten other energy storage enterprises have issued similar price revisions since July 2026.
The players
Growatt
Growatt is a global manufacturer specializing in solar inverters and energy storage systems for residential and commercial applications.
The details
Growatt officially notified its dealer network of the price adjustment on September 21. Customers can avoid the increase if they have completed contracts and provided payments for their orders before the October 8 deadline.
Timeline
July 2026: More than ten energy storage enterprises began releasing price revision notices.
September 21, 2026: Growatt issued its official price adjustment notice to dealers.
October 8, 2026: The price increases become effective for new orders.
Macro View
Growatt's price adjustment follows a documented trend observed since July 2026 where over ten energy storage enterprises have raised prices. This move reflects a wider economic cycle where supply chain constraints dictate pricing structures across the global energy sector.
Customers planning to purchase Growatt equipment must ensure their contracts and payments are finalized by October 8 to secure current pricing. Failure to meet this deadline will likely result in a 5% to 10% increase in total project hardware costs.
The takeaway
Rising raw material costs and component shortages are creating significant upward pressure on energy storage technology prices. Buyers should monitor supplier notices closely to manage budgets effectively during periods of industry-wide volatility.
Further reading
For broader trends impacting hardware costs, visit the Inflation section.
Source note: This article includes information reported by Energytrend.
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