Solar Market and Cost Analysis

Calculated U.S. Module Price $0.50 $0.45 $0.40 $0.35 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 Calculated U.S. Module Pricing ■Imported value/Watt Based on the reported value and capacity of imported PV modules, the average price of a PV module in the United States has continued to rise in Q3 and is expected to rise sharply again in Q4. After a spike in prices in February, module prices have risen in all major countries of import except for Cambodia, with prices of imports from South Korea rising the most sharply. Oct-Nov 0.60 0.50 South Korea Cambodia Thailand Vietnam Malaysia 0.40 Global Total Imported Module Price ($/W) 0.30 0.20 0.10 0.00 2019 2020 2021 2022 2021 2022 Note: Manual corrections were made to three values due to suspected data entry errors for HTS code 8541430010: Cambodia (February 2022), Malaysia (June 2020), and Vietnam (July 2019). Sources: Imports by HTS code: 8541460015(2018-2021)/8541430010(2022-), Customs Value and Second Quantity (watts) from the U.S. International Trade Commission DataWeb, the U.S. Census Bureau USA Trade Online tool and corrections page as od 1/23/23. NREL 41 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 1300 MW OCT NOV 380 MW 470 MW 340 MW 210 MW

View entire presentation