Utility-Solar System Costs Fell 82% in the Last Decade in the United States: Report

Mercom India | Feb 22, 2021 at 5:34 AM
  • Residential, commercial-rooftop, and utility-scale solar systems have witnessed a 64%, 69%, and 82% decline in costs since 2010, respectively, in the United States, the National Renewable Energy Laboratory (NREL) has said in a report.
  • The decline in costs of the residential, commercial, and utility-scale solar system was mainly due to increased module efficiency and lower inverter and hardware costs.
  • The cost of a 100 MW solar system equipped with an alternative current 60 MW/240 MWh battery stood at $171 million in 2020, an 8.55% decrease compared to $187 million in 2018.