Investor Presentation
FPV Cost Comparison
$/WDC 2020 USD
1.40
Figure. U.S. Installed Costs of 10-MW DC Base-Scenario FPV System
and Ground-Mount PV System
Modeled FPV system has a higher
installed cost, $0.26/WDC (25%)
greater than the cost per WDC of
ground-mounted PV.
$1.29
0.07
1.20
0.07
0.06
$1.03
Higher cost is largely due to higher
8.84
structural costs related to the floats and
anchoring/mooring system.
1.00
0.05
0.08
0.08
0.07
0.03
0.06
0.04
0.80
0.04
0.10
0.07
Levelized cost of electricity (LCOE)
0.12
estimated to be 20% higher for FPV
system compared to ground-mount
PV.
.
Accounts for higher installed cost, higher
energy production, and lower operating
and maintenance costs for FPV (but does
not account for other FPV co-benefits).
0.60
0.37
0.12
0.40
0.11
UAVS
VAV4
0.20
0.33
0.33
0.00
Ground Mount PV
Floating PV
EPC/Developer Profit
Developer Overhead
Contingency
Sales Tax (if any)
Shipping/handling
Permitting, Inspection, Interconnection
Land Acquisition
EPC Overhead
Install Labor & Equipment
Electrical BOS
Structural BOS
Inverter Only
Module
Source: Ramasamy and Margolis (2021)
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