Solar+Storage/Impact of Technology Cost

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Impact of Technology Costs on Solar+Storage Economics


Key Question: At what price points does solar+storage become economical?


Results

  • As lithium-ion battery system prices decline, the number of locations and building types in which batteries are economical increases significantly.
  • Even at higher technology costs, solar with storage systems are economical in some building types in Anaheim, San Francisco and New York.
  • Office buildings, hospitals, large hotels, and secondary schools may see cost savings from solar with storage in the near term.
  • All of the 16 building types modeled see cost savings from solar with storage, in more than one location, under the lowest cost point.
  • At lower technology cost points, solar with storage is economical in 10 of the 16 locations modeled.



View Cost Point Definitions