Photovoltaic panel cost comparison chart download

Are solar panels cheaper?

Utility-scale solar installations are now cheaper than all other forms of power generation in many parts of the world and will continue to replace older, dirtier power plants that run on coal and natural gas. Additionally, homeowners are now able to own their power production more cost-effectively than ever before. How much does a solar panel cost?

What is a 'solar panel rate' scam?

This is a common scam used to gather personal data and/or trick people into signing long-term solar lease agreements that are far less favorable than owning solar panels. For example, in February 2023, a Facebook page called “Solar Panel Rate” ran multiple ads claiming Elon Musk was paying homeowners $2,500 to test out new solar technology.

Are monocrystalline solar panels better than polycrystalline panels?

In general, monocrystalline panels are capable of higher efficiencies than polycrystalline panels. Polycrystalline solar panels are also made from silicon, but their cells are made by melting together many fragments of silicon rather than from a single silicon crystal.

Which PV cost benchmark reports have been published?

Previous cost benchmark reports include reports published for Q1 2020 PV (Feldman et al. 2021), Q1 2018 PV (Fu, Feldman, and Margolis 2018), 2018 PV-plus-storage (Fu, Remo, and Margolis 2018), 2017 PV (Fu et al. 2017), 2016 PV (Fu et al. 2016), and 2015 utility-scale PV (Fu et al. 2015).