Latest Solar Prices
| Solar Prices (LCOE) | Utility | Residential | Commercial |
|---|---|---|---|
| Australia | $38.65 | - | - |
| Austria | - | $108.18 | - |
| Belgium | $90.22 | $129.17 | - |
| Brazil | $46.02 | - | - |
| Canada | $75.20 | - | - |
| China | $50.78 | - | - |
| Denmark | $42.33 | $114.32 | $77.76 |
| France | $33.94 | $123.65 | $73.98 |
| Hungary | $86.05 | $141.69 | $104.93 |
| India | $35.60 | - | - |
| Italy | $60.52 | $207.15 | $88.77 |
| Japan | $172.05 | $223.30 | - |
| South Korea | $96.57 | - | $98.13 |
| Netherlands | $79.97 | - | $89.50 |
| Norway | - | - | $140.45 |
| United States | $44.25 | $126.54 | $94.18 |
Solar Prices by CarbonCredits.com
*Solar PV Prices in USD/MWh. Source: IRENA 2023 Report.
Solar Pricing: What is LCOE?
LCOE (Levelized Cost of Electricity) is a key metric used to compare the cost of generating electricity from different energy sources, including solar PV, wind, fossil fuels, and nuclear power. It represents the total lifetime cost of a power system divided by the total energy produced over its lifespan, measured in $/MWh (dollars per megawatt-hour).
For Solar PV, the LCOE calculation includes:
- Capital & Financing Costs
- Operation and Maintenance
- System lifespan & Degradation Rate
- Energy Production Over Time
Utility Solar PV Pricing
Utility solar PV pricing refers to the cost of large-scale solar photovoltaic (PV) projects that supply electricity to the grid, typically operated by utilities or independent power producers (IPPs). These projects range from megawatt (MW) to gigawatt (GW) scale, making them the most cost-effective form of solar energy due to economies of scale and lower installation costs per kilowatt-hour (kWh).
The solar price for utility-scale projects is measured using LCOE, which typically has the lowest LCOE among all solar PV sectors.
As solar prices continue to decline, utility solar PV plays a key role in the global energy transition, supporting large-scale renewable energy adoption.
Residential Solar PV Pricing
Residential solar PV refers to home solar power systems that generate electricity using photovoltaic (PV) panels. The solar price for residential installations depends on factors like system size, installation costs, location, and available incentives.
While residential solar pricing is typically higher per megawatt-hour (MWh) than utility-scale projects, homeowners can lower costs through net metering, tax credits, and long-term energy savings.
Commercial Solar PV Pricing
Commercial solar PV refers to solar photovoltaic (PV) systems installed on businesses, offices, factories, and other commercial properties to generate electricity. The solar price for commercial projects varies based on system size, location, energy needs, and available incentives.
Unlike residential solar, commercial solar pricing benefits from economies of scale, resulting in a lower levelized cost of electricity (LCOE). Businesses can offset energy costs through net metering, power purchase agreements (PPAs), and tax credits, making commercial solar an efficient and cost-effective solution for reducing long-term electricity expenses.