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Between 2017 and 2022, the installed cost per watt of direct current (WDC) for utility-scale solar projects in the United States is expected to decrease by an average of 7%
per year.
7% annual reduction in U.
S.
utility-scale solar costs by 2022
According to GTM Research's overview of solar price trends, utility-scale solar costs in the U.
S.
fell by an average of 12 percent per year from 2012 to 2017
.
Last year, the cost per watt of direct current was $1.
01, down from $1.
93/WDC
in 2012.
According to the forecast of the market research company, the cost will be further reduced to $0.
7/WDC
by 2022.
The average selling price of Tier 1 crystalline silicon PV modules in China has been declining for years, from $0.
66/pV in the second quarter of 2013 to US$0.
37/PV in the same period in 2017
.
Despite a slight increase in 2017 due to strong Chinese demand and tariff uncertainty, ASPs are expected to continue through 2023, falling to $0.
23/pV
according to GTM's baseline scenario.
GTM Research presented the outlook
for PV system prices at the recent Solar Summit.
，
Between 2017 and 2022, the installed cost per watt of direct current (WDC) for utility-scale solar projects in the United States is expected to decrease by an average of 7%
per year.
7% annual reduction in U.
S.
utility-scale solar costs by 2022
S.
utility-scale solar costs by 2022
According to GTM Research's overview of solar price trends, utility-scale solar costs in the U.
S.
fell by an average of 12 percent per year from 2012 to 2017
.
Last year, the cost per watt of direct current was $1.
01, down from $1.
93/WDC
in 2012.
According to the forecast of the market research company, the cost will be further reduced to $0.
7/WDC
by 2022.
The average selling price of Tier 1 crystalline silicon PV modules in China has been declining for years, from $0.
66/pV in the second quarter of 2013 to US$0.
37/PV in the same period in 2017
.
Despite a slight increase in 2017 due to strong Chinese demand and tariff uncertainty, ASPs are expected to continue through 2023, falling to $0.
23/pV
according to GTM's baseline scenario.
GTM Research presented the outlook
for PV system prices at the recent Solar Summit.
，
