How much does solar power cost?

Real-time prices can spike all the way up to $5/kWh based on supply and demand in the energy market. That means that the solar power you send back to the grid can be very valuable when there’s high demand for power. You can read more about energy markets and prices here.

Does commercial solar cost a lot?

The solar price for commercial projects varies based on system size, location, energy needs, and available incentives. Unlike residential solar, commercial solar pricing benefits from economies of scale, resulting in a lower levelized cost of electricity (LCOE).

How has solar energy index changed over the past month?

Over the past month, Solar Energy Index's price has risen 16.18%, and is up 4.37% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Solar Energy Index reached an all time high of 307.90 in May of 2008.

How much will the solar energy index CFD trade in 12 months?

Looking forward, we estimate it to trade at 50.62 in 12 months time. The Solar Energy Index CFD tracks the performance of publicly traded companies in the solar energy sector as well as those businesses that do not produce energy but make most of their revenues by providing goods and services to the solar energy industry.

How much does a PV system cost in 2022?

The current MSP benchmarks for PV systems in 2022 real USD are $28.78/kWdc/yr (residential), $39.83/kWdc/yr (community solar), and $16.12/kWdc/yr (utility-scale, single-axis tracking). For MMP, the current benchmarks are $30.36/kWdc/yr (residential), $40.51/kWdc/yr (community solar), and $16.58/kWdc/yr (utility-scale, single-axis tracking).

How much does community solar cost?

The MMP results are $30.36 (residential), $40.51 (community solar), and $16.58 (utility-scale). The community solar O&M cost is higher than the O&M cost for a single-customer commercial PV system of similar configuration because of the community solar subscriber management cost, which accounts for about 40% of the total community solar O&M cost.