U.S. Solar PV Price Brief H1 2016: System Pricing, Breakdowns and Forecasts

by Ben Gallagher

The U.S. solar market is no stranger to PV price declines, and GTM Research expects that trend to continue. Driven largely by reductions in soft costs, pricing for residential, commercial and utility PV will fall by an additional 30, 25 and 20 percent, respectively.

U.S. PV System Pricing $/Wdc (2015 & H1 2016)

This new report breaks down U.S. residential, commercial and ground-mount PV pricing across 11 distinct hard and soft cost categories. Furthermore, it identifies areas for cost reductions and details how utility-scale PV will meet the SunShot target of $1.00 per watt by 2020.

Cost categories tracked and forecasted:

  • Module
  • EBOS
  • Labor
  • Permitting & Interconnection
  • Taxes
  • Overhead + Margin
  • Inverter
  • SBOS
  • Design & Engineering
  • Supply Chain, Logistics & Misc.
  • Origination


Ben Gallagher Senior Analyst, Solar

Ben is a Senior 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.

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