Solar Industry Update
Agenda
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Most data suggest mixed PV system pricing across market
segments, with price increases in nominal terms.
U.S. PV system pricing, or costs, is estimated and quoted in a
variety of ways, including:
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Reported price (backward-looking)
1 Global Solar Deployment
2 U.S. PV Deployment
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Reported costs (backward-looking and may not include profit,
unless incorporating "value")
Developer quotes (forward-looking)
Bottom-up cost benchmarking (forward-looking).
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PV System Pricing
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4 Global Manufacturing
5 Component Pricing
6 U.S. PV Imports
7 PV Domestic Content
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In 2022, the ranges in average U.S. PV system pricing across
methods were reported to be:
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$3.1/W-$4.2/W for residential solar
- $1.6/W-$3.2/W for nonresidential solar
- $0.9/W-$1.1/W for utility-scale solar.
In the first half of 2023, the ranges in average U.S. PV system
pricing across a smaller set of methods were reported to be:
- $2.7/W-$4.3/W for residential solar
- $1.8/W-$2.4/W for nonresidential solar
- $1.2/W for utility-scale solar.
NREL 22View entire presentation