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.
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.
Source: GTM Research