The Chinese photovoltaic industry bids farewell to its reliance on tax refunds, with technology and globalization becoming the new drivers of competition.

In 2026, the prices of photovoltaic modules have risen against the trend due to policy adjustments, with TOPCon 3.0 modules breaking through 0.8 yuan per watt. The Ministry of Finance and the State Taxation Administration have cancelled the export tax rebate policy for photovoltaic products, forcing enterprises to enter a new stage of high-quality competition driven by technology innovation. The short-term "export rush" has disrupted the market landscape, with overseas buyers placing early orders, but there is a risk of overdrawing demand in the second quarter. Enterprises are accelerating their globalization efforts and focusing on technological innovation as the core breakthrough. The precise adjustment of tax policies this time has effectively targeted the pain points of low-price competition in the photovoltaic industry, improving the efficiency of capital utilization.