U.S. Solar Photovoltaic System and Energy Storage Cost Benchmark (Q1 2020)

Technical Report · Fri Jan 01 00:00:00 EST 2021

DOI:https://doi.org/10.2172/1764908· OSTI ID:1764908

Feldman, David ^[1]; Ramasamy, Vignesh ^[1]; Fu, Ran ^[1]; Ramdas, Ashwin ^[1]; Desai, Jal ^[1]; Margolis, Robert ^[1]

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1. National Renewable Energy Lab. (NREL), Golden, CO (United States)

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.

• Research Organization: National Renewable Energy Lab. (NREL), Golden, CO (United States)
• Sponsoring Organization: USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Solar Energy Technologies Office
• DOE Contract Number: AC36-08GO28308
• OSTI ID: 1764908
• Report Number(s): NREL/TP-6A20-77324; MainId:26270; UUID:9cf45a13-3156-49bd-ba26-b2b9951dbafe; MainAdminID:19237
• Country of Publication: United States
• Language: English

Related Subjects

14 SOLAR ENERGY
benchmark
cost
price
photovoltaic
system
storage
battery
levelized cost of energy
levelized cost of storage