From pv journal USA
NREL, in collaboration with the Photo voltaic Vitality Applied sciences Workplace (SETO), not too long ago launched its US Photo voltaic Photovoltaic System and Vitality Storage Price Benchmarks, With Minimal Sustainable Value Evaluation: Q1 2023.
This yr’s evaluation signifies a contrasting pattern: Whereas utility-scale photo voltaic mission prices are on the rise, residential mission bills are reducing. An 8% enhance in utility-scale prices might be attributed to rising labor bills, which have been influenced by the IRA’s implementation of latest prevailing wage necessities tied to a 30% tax credit score. Conversely, residential photo voltaic benefitted from diminished costs in modules, inverters, logistics, and buyer acquisition, leading to a 16% total lower in residential prices regardless of rising financing bills.
For 2023, NREL has refined its cost-modeling methodology by integrating suggestions from business stakeholders and updating its financial assessments to replicate the IRA’s affect on labor and {hardware} bills. The evaluation now additionally contains the consequences of rising rates of interest, which have change into a extra outstanding price issue than in prior years.
The report additionally reveals that whereas US module costs decreased from 2022, module costs are nonetheless a bit greater than they have been in 2021. Commodity market costs for copper and different metals have settled close to their 2021 ranges, decreasing this yr’s prices for racking, and for {the electrical} stability of system. Nevertheless, with the Client Value Index signaling a 15% inflation enhance through the coated interval, inflation stays a considerable consider price will increase.
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