The present application relates to an encapsulant for a PV module, a method of manufacturing the same, and a PV module. The encapsulant according to an embodiment of the present application has excellent heat resistance or the like and improved creep properties, exhibits a haze with a certain level or less and excellent optical properties such as transparency or the like, when the encapsulant is applied to a PV module, physical properties such as durability, transparency, or the like are improved, and thus excellent generating efficiency of the PV module may be obtained.