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Title: Technology advances needed for photovoltaics to achieve widespread grid price parity: Widespread grid price parity for photovoltaics

To quantify the potential value of technological advances to the photovoltaics (PV) sector, this paper examines the impact of changes to key PV module and system parameters on the levelized cost of energy (LCOE). The parameters selected include module manufacturing cost, efficiency, degradation rate, and service lifetime. NREL's System Advisor Model (SAM) is used to calculate the lifecycle cost per kilowatt-hour (kWh) for residential, commercial, and utility scale PV systems within the contiguous United States, with a focus on utility scale. Different technological pathways are illustrated that may achieve the Department of Energy's SunShot goal of PV electricity that is at grid price parity with conventional electricity sources. In addition, the impacts on the 2015 baseline LCOE due to changes to each parameter are shown. These results may be used to identify research directions with the greatest potential to impact the cost of PV electricity.
Authors:
 [1] ;  [2] ;  [2] ;  [2] ;  [2]
  1. The United States Department of Energy, Office of Energy Efficiency and Renewable Energy, Solar Energy Technologies Office, Washington DC USA
  2. The National Renewable Energy Laboratory, Strategic Energy Analysis Center, Golden CO USA
Publication Date:
OSTI Identifier:
1328086
Report Number(s):
NREL/JA-6A20-64846
Journal ID: ISSN 1062-7995
DOE Contract Number:
AC36-08GO28308
Resource Type:
Journal Article
Resource Relation:
Journal Name: Progress in Photovoltaics; Journal Volume: 24; Journal Issue: 9
Publisher:
Wiley
Research Org:
NREL (National Renewable Energy Laboratory (NREL), Golden, CO (United States))
Sponsoring Org:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Solar Energy Technologies Office (EE-4S)
Country of Publication:
United States
Language:
English
Subject:
14 SOLAR ENERGY; 29 ENERGY PLANNING, POLICY, AND ECONOMY economics; photovoltaics; LCOE