Market Report

US solar PV system pricing: H2 2024

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The H1 2024 release of this biannual report covers solar PV system costs and prices in the United States across all market segments. It includes detailed component breakdowns for national average system costs with various module, inverter and racking technologies across residential, commercial and utility-scale projects. This research can help clients understand the current policy framework and other key factors, such as technological advancements, market demand, and regulatory changes that drive our pricing forecast. This release includes a new analysis based on the latest safe-harbor guidance on the domestic content requirement and the expected domestic equipment capacity in 2025. Using this information, a domestic content-qualified system cost is provided across residential, commercial and utility-scale segments, showcasing the premiums over an imported system.

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    US solar PV system pricing - H2 2024_PR.pdf

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