Solar Industry Update

2022 USD NREL Community Solar Benchmarks, Q1 2023 The cost of community solar systems was benchmarked for the first time, including unique expenses for subscriber acquisition and management. Community PV and PV + BESS System Cost $/kWdc Community PV Officework Cost $/kWdc $250 $3,500 $220 $223 $2,944 $200 $3,000 $2,500 Subscriber acquisition cost $2,329 $839 Other Officework $2,000 $1,761 $660 $223 Fieldwork $1,489 $317 2022 USD $150 $100 $1,500 $496 $220 EBOS $208 $317 $171 SBOS $223 $1,000 $174 $50 ESS $258 $145 $764 $208 Inverter $500 $525 $154 $0 $49 Module $372 $372 MSP MMP $253 $0 MSP MMP MSP MMP Warehousing Engineering Interconnection (PV Only) (PV Only) (PV + BESS) (PV + BESS) Source: Ramasamy et al. 2023. U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2023 Logistics Permits I Recruit Subscribers NREL 26

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