U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2022

Vignesh Ramasamy; Jarett Zuboy; Eric O'Shaughnessy; David Feldman; Jal Desai; Michael Woodhouse; Paul Basore; Robert Margolis

doi:10.2172/1891204

U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2022

Vignesh Ramasamy, Jarett Zuboy, Eric O'Shaughnessy, David Feldman, Jal Desai, Michael Woodhouse, Paul Basore, Robert Margolis

Research output: NREL › Technical Report

Abstract

NREL's bottom-up cost models can be used to assess the minimum sustainable price (MSP) and modeled market price (MMP) of PV and storage systems having various configurations. MSP can be used to estimate future potential cost-reduction opportunities for PV and PV-plus-storage systems, thus helping guide research and development aimed at advancing cost-effective system configurations. MMP can be used to understand the cost of systems under recent market conditions. The MSP data in this annual benchmarking report will be used to inform the formulation of, and track progress toward, the Solar Energy Technologies Office's Government Performance and Reporting Act cost targets.

Original language	American English
Number of pages	77
DOIs	https://doi.org/10.2172/1891204
State	Published - 2022

NREL Publication Number

NREL/TP-7A40-83586

Keywords

BESS
cost
energy storage
minimum sustainable price
MSP
PV
solar

Access to Document

10.2172/1891204

https://www.nrel.gov/docs/fy22osti/83586.pdf

Cite this

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title = "U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2022",

abstract = "NREL's bottom-up cost models can be used to assess the minimum sustainable price (MSP) and modeled market price (MMP) of PV and storage systems having various configurations. MSP can be used to estimate future potential cost-reduction opportunities for PV and PV-plus-storage systems, thus helping guide research and development aimed at advancing cost-effective system configurations. MMP can be used to understand the cost of systems under recent market conditions. The MSP data in this annual benchmarking report will be used to inform the formulation of, and track progress toward, the Solar Energy Technologies Office's Government Performance and Reporting Act cost targets.",

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author = "Vignesh Ramasamy and Jarett Zuboy and Eric O'Shaughnessy and David Feldman and Jal Desai and Michael Woodhouse and Paul Basore and Robert Margolis",

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doi = "10.2172/1891204",

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T1 - U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2022

AU - Ramasamy, Vignesh

AU - Zuboy, Jarett

AU - O'Shaughnessy, Eric

AU - Feldman, David

AU - Desai, Jal

AU - Woodhouse, Michael

AU - Basore, Paul

AU - Margolis, Robert

PY - 2022

Y1 - 2022

N2 - NREL's bottom-up cost models can be used to assess the minimum sustainable price (MSP) and modeled market price (MMP) of PV and storage systems having various configurations. MSP can be used to estimate future potential cost-reduction opportunities for PV and PV-plus-storage systems, thus helping guide research and development aimed at advancing cost-effective system configurations. MMP can be used to understand the cost of systems under recent market conditions. The MSP data in this annual benchmarking report will be used to inform the formulation of, and track progress toward, the Solar Energy Technologies Office's Government Performance and Reporting Act cost targets.

AB - NREL's bottom-up cost models can be used to assess the minimum sustainable price (MSP) and modeled market price (MMP) of PV and storage systems having various configurations. MSP can be used to estimate future potential cost-reduction opportunities for PV and PV-plus-storage systems, thus helping guide research and development aimed at advancing cost-effective system configurations. MMP can be used to understand the cost of systems under recent market conditions. The MSP data in this annual benchmarking report will be used to inform the formulation of, and track progress toward, the Solar Energy Technologies Office's Government Performance and Reporting Act cost targets.

KW - BESS

KW - cost

KW - energy storage

KW - minimum sustainable price

KW - MSP

KW - PV

KW - solar

U2 - 10.2172/1891204

DO - 10.2172/1891204

M3 - Technical Report

ER -

U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2022

Abstract

NREL Publication Number

Keywords

Access to Document

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