What is a reasonable expectation of PV system O&M costs?

Members of the working group have discussed these results and are currently recommending 0.5% for large systems and 1% of system initial cost per year for small systems as a reasonable expectation of PV system O&M costs. These heuristics inform an expectation of PV system O&M costs.

How much does a PV system cost in 2023?

Q1 2023 U.S. PV-plus-storage cost benchmarks Our operations and maintenance (O&M) analysis breaks costs into various categories and provides total annualized O&M costs. The MSP results for PV systems (in units of 2022 real USD/kWdc/yr) are $28.78 (residential), $39.83 (community solar), and $16.12 (utility-scale).

Can solar photovoltaic & electrical energy storage be deployed mass-scale?

With the increasing technological maturity and economies of scale for solar photovoltaic (PV) and electrical energy storage (EES), there is a potential for mass-scale deployment of both technologies in stand-alone and grid-connected power systems.

What is PV system cost model (pvscm)?

The total cost over the service life of the system is amortized to give a levelized cost per year. In the PV System Cost Model (PVSCM), the owner’s overnight capital expense (cash cost) for an installed PV system is divided into eight categories, which are the same for the utility-scale, commercial, and residential PV market segments:

How much does a PV project cost?

12 PV O&M Cost Survey Information and Trends In a 2018 report LBNL researchers report that average O&M costs for a sample of 39 utility- scale PV projects have declined from about $31/kWAC-year (or $20/MWh) in 2011 to about $16/kWAC-year ($8.4/MWh) in 2017 (Bollinger and See 2018).

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).