Solar Market and Cost Analysis
System Price
$8,000
Residential U.S. PV+Storage Pricing
PV+Storage ($/kWdc)
■PV+Storage ($/kWac)
Bars represent the median, with error bars
representing the 80th and 20th percentiles.
■PV+Storage ($/kWh)
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$0
2018
n= 3,507
2019
n=5,228
2020
n = 9,216
2021
n= 14,977
2022
n=21,126
•
In 2022 YTD, residential PV+storage systems
in Arizona, California, and Massachusetts had
a median system price of $3,100/kWh, or
$5,600/kWac ($5,300/kWdc)-an increase of
3%-14% compared with full 2021 median
values.
-
-
Most of these systems offer 2-3 hours of storage.
Units represent total system price divided by the
capacity of the battery (kWh) or the capacity of
the PV system (kW).
2022 YTD residential PV+storage sample, after data cleaning (MW): Arizona (13), California (179), Massachusetts (9)
Sources: Arizona Goes Solar (1/17/23); California Distributed Generation (11/30/22); Massachusetts Lists of Qualified Generation Units (1/11/23).
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