skip to main content
OSTI.GOV title logo U.S. Department of Energy
Office of Scientific and Technical Information

Title: Economic Analysis of Photovoltaics versus Traditional Energy Sources: Where are We Now and Where Might We Be in the Near Future? (Presentation)

Abstract

A precipitous drop in the price of the crystalline silicon solar photovoltaic (PV) modules typically employed for residential applications has recently been observed: The typical sales price for modules was around $4/WP DC in 2008 but could easily approach $1.50/W WP DC by the end of this year. As module price declines continue, and as gains are also realized in balance-of-system costs, the economics of PV systems for power generation become increasingly competitive. In this presentation, we will examine whether solar will reach grid parity in the United States if monocrystalline silicon modules achieve an optimistic-case scenario in efficiency and cost. The analysis suggests that PV systems are already economically viable in select markets, but further cost reductions and efficiency improvements above and beyond the monocrystalline optimistic-case scenarios are necessary in order to be competitive against incumbent electricity production in most markets across the United States. In this presentation we also provide an initial overview of cost considerations for electric vehicle charging with PV.

Authors:
; ; ; ; ;
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
1021266
Report Number(s):
NREL/PR-6A20-52311
TRN: US201116%%1150
DOE Contract Number:
AC36-08GO28308
Resource Type:
Conference
Resource Relation:
Conference: Presented at the IEEE Photovoltaic Specialist Conference (PVSC) 2011, 19-24 June 2011, Seattle, Washington; Related Information: NREL (National Renewable Energy Laboratory)
Country of Publication:
United States
Language:
English
Subject:
14 SOLAR ENERGY; 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; ECONOMIC ANALYSIS; ECONOMICS; EFFICIENCY; ELECTRICITY; ENERGY SOURCES; PARITY; POWER GENERATION; PRICES; PRODUCTION; SALES; SILICON; PV; PHOTOVOLTAICS ECONOMICS; SOLAR ECONOMICS; SOLAR LCOE; Energy Analysis

Citation Formats

Woodhouse, M., Goodrich, A., James, T., Margolis, R., Feldman, D., and Markel, T. Economic Analysis of Photovoltaics versus Traditional Energy Sources: Where are We Now and Where Might We Be in the Near Future? (Presentation). United States: N. p., 2011. Web. doi:10.1109/PVSC.2011.6186448.
Woodhouse, M., Goodrich, A., James, T., Margolis, R., Feldman, D., & Markel, T. Economic Analysis of Photovoltaics versus Traditional Energy Sources: Where are We Now and Where Might We Be in the Near Future? (Presentation). United States. doi:10.1109/PVSC.2011.6186448.
Woodhouse, M., Goodrich, A., James, T., Margolis, R., Feldman, D., and Markel, T. Fri . "Economic Analysis of Photovoltaics versus Traditional Energy Sources: Where are We Now and Where Might We Be in the Near Future? (Presentation)". United States. doi:10.1109/PVSC.2011.6186448. https://www.osti.gov/servlets/purl/1021266.
@article{osti_1021266,
title = {Economic Analysis of Photovoltaics versus Traditional Energy Sources: Where are We Now and Where Might We Be in the Near Future? (Presentation)},
author = {Woodhouse, M. and Goodrich, A. and James, T. and Margolis, R. and Feldman, D. and Markel, T.},
abstractNote = {A precipitous drop in the price of the crystalline silicon solar photovoltaic (PV) modules typically employed for residential applications has recently been observed: The typical sales price for modules was around $4/WP DC in 2008 but could easily approach $1.50/W WP DC by the end of this year. As module price declines continue, and as gains are also realized in balance-of-system costs, the economics of PV systems for power generation become increasingly competitive. In this presentation, we will examine whether solar will reach grid parity in the United States if monocrystalline silicon modules achieve an optimistic-case scenario in efficiency and cost. The analysis suggests that PV systems are already economically viable in select markets, but further cost reductions and efficiency improvements above and beyond the monocrystalline optimistic-case scenarios are necessary in order to be competitive against incumbent electricity production in most markets across the United States. In this presentation we also provide an initial overview of cost considerations for electric vehicle charging with PV.},
doi = {10.1109/PVSC.2011.6186448},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Fri Jul 01 00:00:00 EDT 2011},
month = {Fri Jul 01 00:00:00 EDT 2011}
}

Conference:
Other availability
Please see Document Availability for additional information on obtaining the full-text document. Library patrons may search WorldCat to identify libraries that hold this conference proceeding.

Save / Share: