Key 2020 US Solar PV Cost Trends and a Look Ahead

By [email protected] U.S. solar PV system costs fell across all market segments from 2019 to 2020 as module prices continued to drive down system costs. While shortages of glass and ethylene-vinyl acetate laminate caused solar module prices to increase at the end of 2020, they still fell on an overall year-on-year basis.

According to Wood Mackenzie’s recently released U.S. Solar PV System Price report, average 100-megawatt utility-scale system costs in 2020 are $0.94/W, with the potential to fall 19% by 2025 (all watt figures shown are DC). These costs will fall 13% from 2021 to 2022, driven by module price reduction as Section

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