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Tracking the Sun VIII

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Lawrence Berkeley National Laboratory (LBNL) released Tracking the Sun VIII, the Department of Energy’s report on the price of grid-connected solar photovoltaic systems. Data points were collected from 400,000 individual PV systems or 81% of all U.S. PV capacity installed through 2014. 

Key findings include:

  • National median installed prices declined year over year by
    • $.4/W (9%) for residential systems
    • $.4/W (10%) for non-residential systems less than or equal to 500kW
    • $.7/W (21%) for non-residential systems > 500 kW
  • Price declines due to reductions in soft costs or non-module costs like marketing and customer acquisition, system design, installation labor, permitting and inspection costs.
  • Further reductions in soft costs are possible since there is variability across the U.S. for system pricing. 

See the full report to learn more!

Tracking the Sun VIII.pdf

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Lawrence Berkeley National Laboratory

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