Solar Industry Update

. Tracking the Sun: National Price, 2000-2022 Over the long term, median installed prices have fallen by roughly $0.4/W per year, on average, but price declines have tapered off since 2013, after which price declines averaged $0.1-$0.2/W across segments, following the trajectory of module costs. • PV system prices rose in nominal dollars over the past 2 years but continued to fall in real dollars. 2022$/WDC $0 90 2000 $15 Residential Percentile Range (20/80th) Small Non-Residential Large Non-Residential $4.2 $3.2 2022 2002 Source: Barbose, G., N. Darghouth, E. O'Shaughnessy, and S. Forrester. 2023. Tracking the Sun: Pricing and Design Trends for Distributed Photovoltaic Systems in the United States 2023 Edition. Berkeley, CA: Lawrence Berkeley National Laboratory. September 2023. 2022 2004 2022 $2.2 NREL 23

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