Solar Photovoltaic System Cost Benchmarks
Department of Energy''s solar office and its national laboratory partners analyze cost data for U.S. solar photovoltaic systems to develop cost benchmarks to measure progress
Commercial Li-ion Energy Storage System: Modeled Cost Parameters in Intrinsic Units Min. state of charge (SOC) and max. SOC a Note that, for all values given in per square meter (m2) terms, the denominator refers to square meters of battery pack footprint. The representative system has 80 kWh/m2.
Feldman, David, Galen Barbose, Robert Margolis, Mark Bolinger, Donald Chung, Ran Fu, Joachim Seel, Carolyn Davidson, Naïm Darghouth, and Ryan Wiser. 2015. Photovoltaic System Pricing Trends: Historical, Recent, and Near-Term Projections: 2015 Edition.
Co-locating the PV and storage subsystems produces cost savings by reducing costs related to site preparation, permitting and interconnection, installation labor, hardware (via sharing of hardware such as switchgears, transformers, and controls), overhead, and profit.
By muting the impacts of policy distortions and short-term market fluctuations, the new minimum sustainable price (MSP) benchmarks provide an effective basis for long-term PV cost analysis. However, they do not represent dynamic market conditions and should not be used for near-term policy or market analysis.
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