U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks: Q1 2021

Feldman, David; Desai, Jal; Margolis, Robert

doi:10.2172/1829460

Cited by 74 publications

(44 citation statements)

References 13 publications

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“…• The NREL values are MMP benchmarks for a 7-kWdc residential system, a 200-kWdc commercial system, and a 100-MWdc utility-scale system (Feldman et al 2021).…”

Section: Nrel Benchmarks Compared With Other Metricsmentioning

confidence: 99%

“…Figure 22 details the bottom-up cost structure of our standalone utility-scale storage model, which uses a structure like that of our bottom-up PV cost model (Ramasamy et al 2021). Total system upfront capital costs are broken into EPC costs and developer costs.…”

Section: Lithium-ion Standalone Storage System Cost Modelmentioning

confidence: 99%

“…In SAM, we use the PVWatts ® single-owner model for estimating the LCOE of standalone PV systems for the residential, commercial, and utility-scale market sectors. While the financial parameters across these sectors and technologies vary, they remain the same as in the previous edition of the benchmark report (Ramasamy et al 2021). We calculate LCOE assuming long-term, steady-state financing, with no investment tax credit and with interest rates higher than the previous historically low levels.…”

Section: Levelized Cost Of Energy Of Standalone Pv Systemsmentioning

confidence: 99%

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

Zuboy¹,

O’Shaughnessy²,

Feldman³

et al. 2022

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“…• The NREL values are MMP benchmarks for a 7-kWdc residential system, a 200-kWdc commercial system, and a 100-MWdc utility-scale system (Feldman et al 2021).…”

Section: Nrel Benchmarks Compared With Other Metricsmentioning

confidence: 99%

Section: Lithium-ion Standalone Storage System Cost Modelmentioning

confidence: 99%

Section: Levelized Cost Of Energy Of Standalone Pv Systemsmentioning

confidence: 99%

See 1 more Smart Citation

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

Zuboy¹,

O’Shaughnessy²,

Feldman³

et al. 2022

Self Cite

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“…LCOE of RSPP: Equation (1) calculates the LCOE for two types of fictitious remote solar power plants (RSPP) in Bangladesh. The equation is inspired by the National Renewable Energy Laboratory's (NREL) LCOE calculator, which can be found in [43]. The equation includes degradation of a PV plant and follow-up investment for equipment replacement.…”

Section: Socket Parity Modelmentioning

confidence: 99%

Virtual Net-Metering Option for Bangladesh: An Opportunity for Another Solar Boom like Solar Home System Program

Hasan¹

2022

Energies

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This study explores the virtual net-metering (VNM) option for enabling inclusive investment opportunities in renewable energy for self-consumption in Bangladesh. It focuses on consumers, such as households and businesses in multi-family and multi-story buildings, who cannot participate in traditional net-metering policy due to technical and space constraints. The study adopted the classical socket parity method to identify suitable consumers for VNM. Then it determined the consumer benefits of using VNM by calculating the net present cost (NPC) and discounted payback period. The results reveal that several consumer categories can significantly save on electricity costs through VNM. For example, commercial consumers can save more than 50% of their electricity bills by investing in a VNM-enabled remote solar power plant with a discounted payback period of fewer than six years. The discussion articulates more comprehensive benefits of VNM. It addresses challenges for renewable energy development by identifying local opportunities. Therefore, this research can help initiate policy dialogues and create momentum for citizen investments in the energy transition. The proposed approach can also be used to analyze the economic feasibility and potential of VNM in other countries.

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“…The modeled price does not take any tax or financial incentives into account.6 For a detailed description of all cost categories, see:(Feldman et al, 2021;Ramasamy et al, 2021).…”

mentioning

confidence: 99%

U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks: Q1 2021

Cited by 74 publications

References 13 publications

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

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

Virtual Net-Metering Option for Bangladesh: An Opportunity for Another Solar Boom like Solar Home System Program

Assessing the New Home Market Opportunity: Case Study and Cost Modeling for Solar and Storage in 2030

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