Solar photovoltaic (PV) cost data
This table contains information on the cost per kW of solar PV installed by month.
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Note: Costs are expressed in constant 2024 US$ per watt. Global estimates are used before 2010; European market benchmarks thereafter due to limited data availability. Solar photovoltaic module prices refer to the cost of the solar panel itself, and do not include installation or other system components.
Data are taken from the Microgeneration Certification Scheme - MCS Installation Database. For enquiries concerning this table email [email protected]. Small scale solar PV cost data for 2024-2025 published. Small scale solar PV cost data for 2023-2024 published. Small scale solar PV cost data for 2022-2023 published.
Understanding the complete pv panel prices helps you make informed decisions. In 2025, solar cell prices for residential users range from $2.80 to $3.80 per watt, but this can vary by the location and size of the system, as well as the complexity of the installation.
These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs. Read more to find out how these cost benchmarks are modeled and download the data and cost modeling program below.
This table contains information on the cost per kW of solar PV installed by month.
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