Solar PV module price/cost

The PV module cost is typically between a third and a half of the total capital cost of a PV system, depending on the size of the project and the type of PV module. Projecting PV module costs into the future is complicated by the high learning rate of 22% that has been experienced historically With the PV market growing so rapidly compared to the installed base, projections of cost reductions can quickly become out of date.

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Source: IRENA


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