Solar PV Manufacturing Cost Model Group: Installed Solar PV System Prices (Presentation): NREL (National Renewable Energy Laboratory)

Research output: NRELPresentation


EERE's Solar Energy Technologies Program is charged with leading the Secretary's SunShot Initiative to reduce the cost of electricity from solar by 75% to be cost competitive with conventional energy sources without subsidy by the end of the decade. As part of this Initiative, the program has funded the National Renewable Energy Laboratory (NREL) to develop module manufacturing and solar PVsystem installation cost models to ensure that the program's cost reduction targets are carefully aligned with current and near term industry costs. The NREL cost analysis team has leveraged the laboratories' extensive experience in the areas of project finance and deployment, as well as industry partnerships, to develop cost models that mirror the project cost analysis tools used by projectmanagers at leading U.S. installers. The cost models are constructed through a 'bottoms-up' assessment of each major cost element, beginning with the system's bill of materials, labor requirements (type and hours) by component, site-specific charges, and soft costs. In addition to the relevant engineering, procurement, and construction costs, the models also consider all relevant costs to aninstaller, including labor burdens and overhead rates, supply chain costs, and overhead and materials inventory costs, and assume market-specific profits.
Original languageAmerican English
Number of pages15
StatePublished - 2011

Publication series

NamePresented at the SEGIS-ADEPT Power Electronics in Photovoltaic Systems Workshop, 8-9 February 2011, Arlington, Virginia

NREL Publication Number

  • NREL/PR-6A20-50955


  • installations
  • PV
  • solar photovoltaics (PV)
  • utility scale


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