Solar Grid Parity             Coming soon    Slideshow designed by John Farrell, Director Energy Self-Reliant States and C...
Solar Grid Parity                =cost of solar                =   grid electricity price
Cost of Solar                =cost of solar                =   grid electricity price
Cost of solar ($/W)$6.40   $5.20     $3.75                U.S. Average                 (mid-2011)
Cost of solar ($/W)$6.40   $5.20     $3.75                U.S. Average                 (mid-2011)
Cost of solar ($/W)
Cost of Solar          Type               Residential      Cost per Watt            $6.40       Levelized         Location...
Cost of Solar          Type               Residential      Cost per Watt            $6.40       Levelized         Location...
Cost of Solar          Type               Residential      Cost per Watt            $6.40       Levelized         Location...
Cost of Solar          Type               Residential      Cost per Watt            $6.40       Levelized         Location...
Cost of Solar          Type               Residential      Cost per Watt            $6.40       Levelized         Location...
Cost of Solar          Type               Residential      Cost per Watt            $4.40       Levelized         Location...
Cost of Solar (Sensitivity)                          Sunnier     Shorter             Defaults                             ...
Cost of SolarLevelized cost of solar installed at $4.40/Watt
Grid Electricity Price                =cost of solar                =   grid electricity price
Grid Electricity Price                   Existing                 Power Plant                           per k Wh          ...
Grid Electricity Price                                     Existing                                   Power Plant         ...
Grid Electricity Price                                    Market Price                                     Referant       ...
Grid Electricity Price                             Retail Price                                  va riesFor on-site solar ...
Grid Electricity PriceAverage residential retail rate (Feb. 2011, EIA)
Solar Grid Parity                                               50% or better                                             ...
Solar Grid Parity                                               50% or better                                             ...
Solar Grid Parity    57 million people                                               50% or better                        ...
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Solar Grid Parity 101

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A slideshow illustrating the concept of solar grid parity, when it is economically better to install solar than pay for utility electricity. Includes maps of the levelized cost of solar by state and the current status of grid parity.

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Transcript of "Solar Grid Parity 101"

  1. 1. Solar Grid Parity Coming soon Slideshow designed by John Farrell, Director Energy Self-Reliant States and Communities program
  2. 2. Solar Grid Parity =cost of solar = grid electricity price
  3. 3. Cost of Solar =cost of solar = grid electricity price
  4. 4. Cost of solar ($/W)$6.40 $5.20 $3.75 U.S. Average (mid-2011)
  5. 5. Cost of solar ($/W)$6.40 $5.20 $3.75 U.S. Average (mid-2011)
  6. 6. Cost of solar ($/W)
  7. 7. Cost of Solar Type Residential Cost per Watt $6.40 Levelized Location Minneapolis Cost per k Wh Project life 25 years 0 .37Interest, Maintenance, etc $0.16/kWh Output (kWh/kW/year) 1,250
  8. 8. Cost of Solar Type Residential Cost per Watt $6.40 Levelized Location Los Angeles Cost p er k Wh Project life 25 years 0 .31Interest, Maintenance, etc $0.16/kWh Output (kWh/kW/year) 1,500
  9. 9. Cost of Solar Type Residential Cost per Watt $6.40 Levelized Location Minneapolis Cost per k WhInterest,Project life Maintenance, etc $0.16/kWh 25 years 0 .37Interest, Maintenance, etc $0.16/kWh Output (kWh/kW/year) 1,250
  10. 10. Cost of Solar Type Residential Cost per Watt $6.40 Levelized Location Minneapolis Cost per k WhInterest,Project life Maintenance, etc $0.16/kWh 20 years 0 .43Interest, Maintenance, etc $0.16/kWh Output (kWh/kW/year) 1,250
  11. 11. Cost of Solar Type Residential Cost per Watt $6.40 Levelized Location Minneapolis Cost per k WhInterest,Project life Maintenance, etc $0.16/kWh 25 years 0 .37Interest, Maintenance, etc $0.16/kWh Output (kWh/kW/year) 1,250
  12. 12. Cost of Solar Type Residential Cost per Watt $4.40 Levelized Location Minneapolis Cost p er k WhInterest,Project life Maintenance, etc $0.16/kWh 25 years 0 .25Interest, Maintenance, etc $0.16/kWh Output (kWh/kW/year) 1,250
  13. 13. Cost of Solar (Sensitivity) Sunnier Shorter Defaults Lower cost location project $6.40/W $6.40/W $6.40/W $4.40/W Minneapolis Los Angeles Minneapolis Minneapolis 25 years 25 years 20 years 25 yearsLevelized $0.37 $0.31 $0.43 $0.25 Cost
  14. 14. Cost of SolarLevelized cost of solar installed at $4.40/Watt
  15. 15. Grid Electricity Price =cost of solar = grid electricity price
  16. 16. Grid Electricity Price Existing Power Plant per k Wh 0 .04 6/1/1970
  17. 17. Grid Electricity Price Existing Power Plant per k Wh 0 .04 6/1/1970Amortized power plant = new power plant
  18. 18. Grid Electricity Price Market Price Referant per k Wh 0.12OK for utility-scale solar (wholesale)
  19. 19. Grid Electricity Price Retail Price va riesFor on-site solar (retail)
  20. 20. Grid Electricity PriceAverage residential retail rate (Feb. 2011, EIA)
  21. 21. Solar Grid Parity 50% or better 95% to 105% 2011: 1 state 150% or moreRatio of solar cost to average residential retail rate
  22. 22. Solar Grid Parity 50% or better 95% to 105% 2016: 3 states 150% or moreRatio of solar cost to average residential retail rate
  23. 23. Solar Grid Parity 57 million people 50% or better 95% to 105% 2016: 3 states 150% or moreRatio of solar cost to average residential retail rate

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