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Cost and prices

Solar levelized cost of electricity is 29% lower than any fossil fuel alternative

A report from Ernst & Young shows that despite inflationary pressures, solar remains the cheapest source of new-build electricity.

M10 solar cell prices dive to new record low

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Battery prices down 14% this year, says BloombergNEF

BloombergNEF says it has recorded a 14% decline in battery prices this year, mainly due to cheaper raw materials, following an unprecedented rise in 2022.

Polysilicon prices could hit all-time low by year-end

Bernreuter Research says in a new report that it expects polysilicon prices to soon dip below the historical low of $6.75/kg, which was reached in June 2020. It says global demand could reach 1.1 TW by 2027.

Solar module prices may reach $0.10/W by end 2024

Tim Buckley, director of Climate Energy Finance, speaks to pv magazine about the current steep trajectory of solar module prices. He estimates that PV panels prices will end up dropping by 40% this year and predicts the closure of old technology and sub-scale solar manufacturing facilities, both in China and globally.

Sunrise brief: Maine residents vote against creating new utility

Also on the rise: U.S. solar electricity generation to surpass hydropower in 2024. China expected to dominate solar manufacturing through 2026. And more.

NREL anticipates rising utility-scale costs, decreasing residential costs

The National Renewable Energy Laboratory has updated its annual cost modeling tool in light of the Inflation Reduction Act, revealing increased labor costs for utility-scale solar projects and predominantly lower hardware costs due to new manufacturing tax credits.


Sunrise brief: 3Sun to offer Oklahoma-built modules by 2025, perovskites possible by 2027 

Also on the rise: Solar cell prices are expected to hit fresh record lows following China’s Golden Week. Aqua Metals, 6K plan first circular supply chain for lithium batteries in the U.S. And more.

Solar PV LCOE expected to slide to $0.021/kWh by 2050, DNV says

By mid-century the levelized cost of energy (LCOE) for solar PV will be $0.021/kWh, a new report by risk management company DNV predicts. The learning rate for solar is predicted to decrease from 26% to 17% by 2050.

Solar construction costs dropped following pandemic, per EIA data

Since the pandemic began in 2021, module prices have continued to fall, hitting a two-year low globally in April 2023. In the first two months of 2023, average U.S. module prices were $0.36 per Wdc, down 11% quarter-over-quarter.

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