U.S. Solar Photovoltaic System and Energy Storage Cost Benchmark (Q1 2020)
2021
Citations Over Time
Abstract
This report benchmarks U.S. solar photovoltaic (PV) system installed costs as of the first quarter of 2020 (Q1 2020). We use a bottom-up method, accounting for all system and project-development costs incurred during the installation to model the costs for residential (with and without storage), commercial (with and without storage), and utility-scale systems (with and without storage). We also incorporate other system characteristics and performance factors, as well as ongoing costs, to benchmark LCOE for PV-standalone systems, and LCOSS for solar+storage.
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