Proof Point
U.S. solar PV installation cost from 2010 to 2017 decreased 13% annually for residential, 14% for commercial use and 19% for utility-scale generation, to $2.80, $1.85 and $1.03 per Wdc, respectively
U.S. Solar PV Installation Cost
2010 – 2017 (2017 real US$ per Wdc (watt dc))
| Note: | Real dollar value – prices indicated in chart adjusted for inflation |
Proof Point Findings
- U.S. Solar PV Installation Cost – Total cost to install solar photovoltaic modules for residential, commercial or utility-scale use, covering module and inverter, labor, structural and electrical components, applicable taxes and land acquisition expenses
- Residential Installations – Decreased 13% annually from 2010 to 2017, from $7.24 to $2.80 per watt
- Commercial Installations – Decreased from $5.36 per watt in 2010 to $1.85 in 2017, an annual 14% cost reduction
- Utility-Scale Installations – Saw biggest cost reductions of 19% annually, from $4.57 per watt in 2010 to $1.03 in 2017
- Key Drivers of Cost Reduction – Include more competitive pricing as PV suppliers and installers increase, improved labor productivity, improvements in modules through technology enhancements, optimized system configurations, and government policy support
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Accelerator |
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Sector |
Energy
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Source |
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Date Last Updated |
October 18, 2017
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