Solar Industry Update

$6.0 $5.0 System Price (2022 $/Wdc) $2.0 $1.0 $0.0 $4.0 $3.2 $2.9 $3.3- $3.0 $2.6 $2.8 BNEF WoodMac/SEIA Modeled 2022 Modeled, Reported, and Quoted System Price From Various Sources • NREL and LBNL PV system price ranges generally overlap other sources. • Across various sources, reported system pricing is generally higher than modeled and quoted system pricing. NREL (MMP) NREL (MSP) EnergySage Note: Some sources only report a range, which is represented by the error bars. Residential Quote Reported LBNL Sunrun Sale Price SunPower Rev./W BNEF $4.0 $1.2 $1.8 $1.7 $1.8 $1.6 $1.1 $1.0 $1.0 Wood Mac/SEIA NREL (MMP) NREL (MSP) LBNL (≤100kW) LBNL (>100kW) BNEF (1-Axis) Wood Mac/SEIA (1-Axis) NREL (1-Axis, MMP) NREL (1-Axis, MSP) Sources: Barbose et al. 2022; Bolinger et al. 2022; Ramasamy et al. 2022; BNEF, "H1 2022 U.S. PV Market Outlook," April 2022; : Wood Mackenzie/SEIA: U.S. Solar Market Insight: 2021 Year-in-Review, March 2022; EnergySage, Solar Marketplace Intel Report H1 2021 - H2 2022. NREL 28 Modeled Reported Non-Residential Modeled Utility-scale Reported $0.9 $1.1 LBNL

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