Solar Installed System Cost Analysis | Solar Market Research
Solar Installed System Cost Analysis NLR analyzes the total costs associated with installing photovoltaic (PV) systems for residential rooftop, commercial rooftop, and utility-scale
Average price of solar modules, expressed in US dollars per watt, adjusted for inflation. Data source: IRENA (2025); Nemet (2009); Farmer and Lafond (2016) – Learn more about this data Note: Costs are expressed in constant 2024 US$ per watt.
Note: Costs are expressed in constant 2024 US$ per watt. Global estimates are used before 2010; European market benchmarks thereafter due to limited data availability. Solar photovoltaic module prices refer to the cost of the solar panel itself, and do not include installation or other system components.
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 modeled and download the data and cost modeling program below.
The representative residential PV system (RPV) for 2024 has a rating of 8 kW dc (the sum of the system's module ratings). Each module has an area (with frame) of 1.9 m 2 and a rated power of 400 watts, corresponding to an efficiency of 21.1%.
Solar Installed System Cost Analysis NLR analyzes the total costs associated with installing photovoltaic (PV) systems for residential rooftop, commercial rooftop, and utility-scale
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Solar photovoltaic panel prices Average price of solar modules, expressed in US dollars per watt, adjusted for inflation.
The U.S. 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
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