GTM Report: How the US will get installed ground-mount prices under US$1/W

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
 This 2020 projection would fall in line with the Department of Energy’s ambitious SunShot target of US$1.00 per watt by the end of this decade. Image: GTM Research

According to a new report from GTM Research, pricing for fixed-tilt ground mount PV systems are expected to hit US$0.99 per watt by 2020. 

The report, “US Solar PV Price Brief H1 2016: Pricing, Breakdowns and Forecasts”, notes that this would fall in line with the Department of Energy’s ambitious SunShot target of US$1.00 per watt by the end of this decade.

Currently, GTM Research estimates the price for a utility-scale fixed-tilt ground mount PV system to be around US$1.25 per watt today. Modules are responsible for half of the cost, additional hardware like inverters and balance of system components represent 22%, while the remaining 28% is comprised of soft costs.

The report adds that soft costs stand as both the biggest opportunity and the largest challenge for future cost reductions — especially in the residential and commercial market segments where prices are much higher than utility-scale segments.

Residential PV projects in the US averaged US$3.00 as of the first half of 2016. According to GTM, soft costs make up 64% of residential system costs today. Average US commercial solar prices just dipped below US$2 per watt, but the report adds that there are plenty of other opportunities when it comes to finding further cost reductions.

Ben Gallagher, GTM Research solar analyst and lead author of the report, said: “Commercial PV installers need to find more ways to shorten the length of the project cycle and de-risk aspects of the project cycle in order to substantially reduce origination and overhead costs.”

Read Next

January 26, 2022
Home security giant ADT is evolving from a security company to a smart home company, with around 80% of its revenue coming from its smart home business, said its president and CEO Jim DeVries
January 24, 2022
More than 260 companies in the US clean energy sector are demanding urgent action on the US$1.75 trillion Build Back Better (BBB) Act, claiming that US$2 billion is being lost in economic activity every month the long-awaited bill is delayed.
January 24, 2022
The average cost of forecasting errors in the US is lower than previously thought at less than US$1/MWh, according to a study by Berkeley Lab that employed a new, publicly available method to examine the practice.
January 21, 2022
Toronto-based renewables developer Amp Energy has closed on a US$350 million credit facility to advance on a global portfolio of renewables and battery energy storage assets.
PV Tech Premium
January 18, 2022
Solar project developer Eco Energy World is aiming to “aggressively” grow its US PV pipeline after formally entering the market last week and intends to replicate the cheaper engineering, procurement and construction (EPC) costs it sees in Europe in the country. PV Tech Premium speaks to CEO Svante Kumlin to find out more.
January 16, 2022
The US Government has appealed against the reinstatement of an exemption from Section 201 tariffs for bifacial modules.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal
Solar Media Events
April 25, 2022
Berlin, Germany