Between 2010 and 2023, the weighted average levelized cost of electricity (LCOE) for solar photovoltaics (PV) saw a continual annual decline, reaching 0.04 U.S. dollars per kilowatt-hour in the latter year. In comparison to a decade earlier, this represented a drop of approximately 0.01 U.S. dollars per kilowatt-hour.
Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2023
(in U.S. dollars per kilowatt-hour)
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IRENA. (September 24, 2024). Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2023 (in U.S. dollars per kilowatt-hour) [Graph]. In Statista. Retrieved January 25, 2025, from https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/?__sso_cookie_checker=failed
IRENA. "Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2023 (in U.S. dollars per kilowatt-hour)." Chart. September 24, 2024. Statista. Accessed January 25, 2025. https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/?__sso_cookie_checker=failed
IRENA. (2024). Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2023 (in U.S. dollars per kilowatt-hour). Statista. Statista Inc.. Accessed: January 25, 2025. https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/?__sso_cookie_checker=failed
IRENA. "Weighted Average Levelized Cost of Electricity (Lcoe) for Solar Pv Worldwide from 2010 to 2023 (in U.S. Dollars per Kilowatt-hour)." Statista, Statista Inc., 24 Sep 2024, https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/?__sso_cookie_checker=failed
IRENA, Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2023 (in U.S. dollars per kilowatt-hour) Statista, https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/?__sso_cookie_checker=failed (last visited January 25, 2025)
Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2023 (in U.S. dollars per kilowatt-hour) [Graph], IRENA, September 24, 2024. [Online]. Available: https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/?__sso_cookie_checker=failed
