Research Note - PV Module Pricing Will Dictate Near-Term U.S. Utility PV Pricing Reductions

by Ben Gallagher, MJ Shiao

Rapid changes in the module market are having an immediate impact on PV systems pricing. This research note examines why module pricing is dropping so quickly and forecasts the effects on U.S. systems pricing through 2021.


This note is only available to solar research subscribers. For more information, download the membership brochure here or contact Matt Casey at casey@gtmresearch.com.

Ben Gallagher Analyst, Solar

Ben is a Solar Analyst at GTM Research specializing in PV systems and balance of systems components. Before joining GTM Research, Ben worked in China and the U.S. in clean-tech manufacturing and for The National Renewable Energy Laboratory (NREL). Ben holds a B.A. in East Asian Studies from Skidmore College and an M.A. in International Environmental Policy from the Middlebury Institute of International Studies.

MJ Shiao Head of Americas Research

MJ Shiao is the Head of Americas Research at GTM Research and manages GTM's solar market analyst team. He is responsible for strategy and development of GTM Research's coverage of the global solar market and solar market intelligence product suite. MJ is a leading expert on solar PV technologies and costs, authoring dozens of reports and leading custom engagements on U.S. solar, PV inverters, solar power electronics, PV balance of systems, solar monitoring, thin film PV and other solar topics. A 9-year veteran of the solar industry, MJ has experience ranging from fabrication of crystalline silicon solar cells to PV project development.

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