The newest version of Lawrence Berkeley National Laboratory’s annual Tracking the Sun report finds that prices for distributed solar power methods continued to fall in 2018, that business practices continue to evolve and that methods are getting greater and extra environment friendly.
The report describes worth and technology traits for distributed solar initiatives nationally, amassing project-level knowledge from roughly 1.6 million methods, representing roughly 80% of all methods put in via the tip of 2018. More than 2 million distributed solar initiatives are at the moment working within the United States.
Key findings from this 12 months’s report embody:
- Installed prices continued to fall via 2018 and into 2019. National median-installed prices fell year-over-year by 5% to 7% throughout the market, persevering with traits seen over the previous 5 years. Before any incentives, nationwide median-installed prices in 2018 reached $3.70 per watt for residential, $3.00 for small non-residential, and $2.40 for giant non-residential methods.
- Installed prices range by state. Prices per watt diversified extensively for all sectors and areas, starting from a low of $2.80 in Wisconsin to a excessive of $4.40 in Rhode Island for residential methods. The vary of prices for small non-residential methods was related, from $2.50 in Washington to $3.70 in Minnesota. State variations stem, partly, from underlying market situations, equivalent to market dimension and competitors, in addition to variations in allowing and interconnection processes, taxes, and incentives.
- Other drivers of prices. Other variations in worth can stem from system dimension, module- and inverter-type, mounting-type, location, installer, host customer-type and new building vs. retrofits. This 12 months’s report has a brand new evaluation to isolate the consequences of particular person pricing drivers, together with traits of the native photovoltaics market associated to market dimension, competitors and installer expertise, amongst different elements.
- Market traits. Third-party possession of methods has declined in recent times, dropping to 38% of residential, 14% of small non-residential, and 34% of enormous non-residential methods within the 2018 pattern. That development displays the emergence of residential mortgage merchandise, amongst different elements. Tax-exempt prospects, equivalent to colleges, authorities, and nonprofit organizations, made up a disproportionately giant share (roughly 20%) of all non-residential methods.
- Distributed PV methods hold getting greater, extra environment friendly. Median system sizes in 2018 grew to 6.4 kW for residential and roughly 50 kW for non-residential methods, with 20% of the latter bigger than 200 kW. The bigger system sizes partly replicate a gentle development in module efficiencies, which rose a full share level to a median of 18.4% amongst methods put in final 12 months. The report additionally covers system design traits, together with panel orientation, inverter loading ratios, solar-plus-storage, use of module-level power electronics and third-party possession.
The report, together with an accompanying slide deck, abstract knowledge tables, and a public model of the underlying dataset, is at trackingthesun.lbl.gov. The report authors will even summarize key findings from the report by way of webinar on November 12. Register here.
News merchandise from Berkeley Lab