The installed cost per watt direct current (Wdc) of utility-scale solar projects in the United States is expected to decline by an average of 7% per year between 2017 and 2022.
Reference address：U.S. utility-scale solar costs to fall 7% annually by 2022
According to GTM Research’s overview of solar price trends, utility-scale solar costs in the U.S. fell an average of 12% per year between 2012 and 2017. Last year, the cost per watt of direct current was $1.01, down from $1.93/Wdc in 2012. Costs are expected to fall further to $0.7/Wdc by 2022, according to the market research firm.
The average selling price of Chinese tier-one crystalline silicon PV modules has been falling for years, from $0.66/W-peak in the second quarter of 2013 to $0.37/W-peak in the same period of 2017. Although it rose slightly in 2017 due to strong Chinese demand and tariff uncertainty, the average selling price is expected to continue to fall to $0.23/W-peak by 2023 according to GTM's base case.
GTM Research presented the outlook for PV system prices at the recent Solar Summit.
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