Oct. 5, 2011: Installed Cost of Solar PV Systems in the U.S. Has Declined
The study, which examined more than 115,000 residential, commercial, and utility-sector PV systems installed between 1998 and 2010 across 42 states, describes trends in the installed cost of PV in the United States.
The study also highlights differences in installed costs by region and by system size and installation type. Across states, for example, the average cost of PV systems installed in 2010 that were less than 10 kW ranged from $6.30/W to $8.40/W depending on the state. The report also found that residential PV systems installed on new homes had significantly lower average installed costs than did those installed as retrofits to existing homes. LBNL also noted that the average size of direct cash incentives provided through state and utility PV incentive programs has declined steadily since their peak in 2002.
Publication date: 10/03/2011