Photovoltaic System Pricing Trends
energy.gov/sunshot
• Reported pricing for PV system installations completed in 2013, based in part on data reported to PV incentive programs:
• Residential and small commercial (≤10 kW) was $4.69 /W (median)
• Large commercial (>100 kW) was $3.89/W (median)
• Utility-scale (≥5 MW, ground-mounted) was $3.00/W (capacity weighted average).
•
Modeled solar PV system prices, using industry validated tools, quoted in Q4 2012 (and expected to be installed in 2013):
• Residential (5 kW) was $3.71/W
• Commercial (223 kW) was $2.61/W
•
Utility-scale (185 MW) was $1.92/W.
• Delta between reported and modeled pricing is due to various factors, such as market fundamentals (e.g., large fraction of
data for reported prices is from CA and other high-priced markets), inefficient pricing (i.e., value-based pricing), project
characteristics (e.g., high-efficiency panels with single-axis tracking), and long temporal lags between contract signing and
installation for large utility-scale projects .
• Reported system prices of residential and commercial PV systems declined 6%–7% per year, on average, from 1998–
2013, and by 12%–15% from 2012–2013, depending on system size.
• Market analysts expect system prices to continue to fall, but module prices to stabilize in near-term.
•
Modeled system prices quoted in Q4 2013 (and expected to be installed in 2014):
•
Residential (5
kW) was $3.29/W, a reduction of 12% from Q4 2012
• Consistent with leading residential installers’ pricing, such as SolarCity’s reported Q2 2014 costs ($3.03/W), plus
a reasonable operating profit margin
• Commercial (200 kW) was $2.54/W, a reduction of 3% from Q4 2012
•
Utility-scale (185 MW) was $1.80/W, a reduction of 5% from Q4 2012.
Executive Summary
Note: All PV installed price data are reported in terms of real 2013 dollars per Watt-DC.
4
Page 4/32
Free Download
Photovoltaic System Pricing Trends PDF
Favor this template? Just fancy it by voting!
(0 Votes)
0.0
Related Forms
