U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2022, NLR Technical Report (2022) Floating Photovoltaic System
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These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs.
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Average price of solar modules, expressed in US dollars per watt, adjusted for inflation.
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Renewables continue to prove themselves as the most cost-competitive source of new electricity generation. On an LCOE basis, 91% of newly commissioned utility-scale renewable capacity
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These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs. Read more to find out how these cost
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Solar power generation drives electricity generation growth over the next two years Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2026
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Future year projections are derived from bottom-up benchmarking of PV CAPEX and bottom-up engineering analysis of O&M costs. The year 2023 reflects the most recent historical data, derived
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These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs. Read more to find out how these cost benchmarks are
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Lawrence Berkeley National Laboratory compiled and synthesized empirical data on the U.S. utility-scale solar sector.
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Comprehensive 2025 guide to renewable energy costs. Compare solar, wind, and clean energy pricing vs fossil fuels. Includes latest LCOE data, trends, and projections.
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