The benchmarks in this report are bottom-up cost estimates of all major inputs to PV and energy storage system installations. Bottom-up costs are based on national averages and do not necessarily represent typical costs in all local markets.
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.
Our operations and maintenance (O&M) analysis breaks costs into various categories and provides total annualized O&M costs. The MSP results for PV systems (in units of 2022 real USD/kWdc/yr) are $28.78 (residential), $39.83 (community solar), and $16.12 (utility-scale).
The current MSP benchmarks for PV systems in 2022 real USD are $28.78/kWdc/yr (residential), $39.83/kWdc/yr (community solar), and $16.12/kWdc/yr (utility-scale, single-axis tracking). For MMP, the current benchmarks are $30.36/kWdc/yr (residential), $40.51/kWdc/yr (community solar), and $16.58/kWdc/yr (utility-scale, single-axis tracking).
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The benchmarks in this report are bottom-up cost estimates of all major inputs to PV and energy storage system installations. Bottom-up costs are based on national averages and do not necessarily
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This approach is intended to allow any input parameter in the model to be varied by up to a factor of two (up or down) to assess its impact on cost. All costs reported are represented two ways: Minimum
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Summary: This article breaks down the latest cost standards for photovoltaic (PV) energy storage stations, explores key factors affecting pricing, and shares actionable strategies to optimize your
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