Report: 5 Key Solar Cost Trends to Watch | ENGIE Impact

5 Key Solar Cost Trends to Watch

See All Insights
Renewable Energy
Solar Power

Solar PPA prices jumped 40% last year. Will prices keep climbing?

Solar development costs had been steadily declining for the last decade until the trajectory was flipped on its head by COVID-19 supply chain constraints, demand surges, international trade tensions, and inflation.

In the last year alone, solar PPA prices jumped 40%. The question we hear from most organizations with renewable energy or emission reduction targets is, will these cost trends continue?

Download Report

In this analysis, Charles Benisch and Rick Margolin, Directors of Renewable Advisory at ENGIE Impact, shed light on solar energy’s five key cost drivers:

  1. Solar panels and inverters
  2. Structural balance of system (BOS) components
  3. Labor and construction costs
  4. Shipping
  5. Regulatory policies and impacts

Get in Touch

Talk to our experts about accelerating your decarbonization strategy.