Ramasamy, Vignesh, Jarett Zuboy, Michael Woodhouse, Eric O'Shaughnessy, David Feldman, Jal Desai, Andy Walker, Robert Margolis, and Paul Basore. 2023. U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2023. Golden, CO: National Renewable Energy Laboratory.
These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs. Read more to find out how these cost benchmarks are modeled and download the data and cost modeling program below.
The MSP benchmarks for PV-plus-storage systems (in 2022 real USD/kWdc/yr) are $61.28 (residential), $75.25 (community solar), and $50.73 (utility-scale). For MMP, the benchmarks are $65.04 (residential), $76.79 (community solar), and $51.88 (utility-scale).
The total cost over the service life of the system is amortized to give a levelized cost per year. In the PV System Cost Model (PVSCM), the owner's overnight capital expense (cash cost) for an installed PV system is divided into eight categories, which are the same for the utility-scale, commercial, and residential PV market segments:
NLR analyzes the total costs associated with installing photovoltaic (PV) systems for residential rooftop, commercial rooftop, and utility-scale ground-mount systems.
View Details
Whether you''re a factory manager trying to shave peak demand charges or a solar farm operator staring at curtailment losses, understanding storage costs is like knowing the secret recipe
View Details
Summary: This article explores the pricing dynamics of energy storage containers in Burundi, focusing on renewable energy integration, industrial applications, and cost-saving strategies.
View Details
A Middle Eastern textile factory installed photovoltaic grid-connected cabinets to offset daytime power usage. Within the first year, the site reduced grid electricity costs by 35%,
View Details
For Optical Distribution Frame installations, DCX Seismic Cabinets are fully configurable, front-access cabinets that serve as a high-density fiber interconnect or the main building block for a large fiber
View Details
The National Renewable Energy Laboratory (NREL) publishes benchmark reports that disaggregate photovoltaic (PV) and energy storage (battery) system installation costs to inform SETO''s R&D
View Details
These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs. Read more to find out how these cost benchmarks are
View Details
This paper reviews the state of the art in using benefit–cost analysis (BCA) to inform earthquake risk reduction decisions by building owners and policymakers. The goal is to provide a roadmap for the
View Details
While PV-battery hybrid grid integration has been recognized as an effective approach to enhance transient stability, the high operational and maintenance costs of energy storage systems
View Details
How much structural stress can modern energy storage cabinets endure during seismic events? As global deployments surge 78% year-over-year (Wood Mackenzie Q2 2023), earthquake resilience
View DetailsPDF version includes complete article with source references. Suitable for printing and offline reading.