A reader of SolarByTheWatt.com commented in a letter to us (via the Contact Us page/form) on how important it is for publications when price of solar photovoltaic is discussed – dollar per watt – to point out the difference between cost of solar just for the modules or panels and the cost of completing a whole system.

The price to complete a whole system in addition to the price of panels will include price of mounting, installation hardware, wiring, junction boxes, disconnects, price of the inverter or inverters, wiring and disconnect boxes from inverter to grid switch box, price of installation service (usually specifically trained and certified professionals are involved). In the case of a large scale projects the part of the project involving connection to the grid can be of substantial value too. In these project the price of the land used and all permits for the land and for the utility project also add to the cost.

While the break down of these expenses can be harder to study (one needs to find internal data from different projects) we thought that it is possible for many large project to find the overall costs and get to an indicative price per watt for solar power in terms of complete projects.

We also thought that focusing on as large projects as possible will let us minimize the error of rounding and approximation some of news articles might have made.

We have reviewed different announcements that indicate the price dollar per watt of complete projects.

Thought there is a lot of information about what the largest solar photovoltaic plants in the world are it has been difficult for us to find specific cost, investment information about many of them. The readers are welcome to contribute through comments or on our Contact Us page/form with links to articles specifying cost of projects.

Here is the table of results we have gathered:

In our results table you can see the name of the project included, peak power or the capacity of the power station in MW (MWp), investment cost in million of Euros – many of the large projects for which capacity and investment cost data was available were in Europe and the articles report the prices in Euros, cost Euro per watt peak, US dollar per watt peak – we used a 1.3 factor (close to the exchange rate at the moment EUR to USD) to get this number which we thought will be useful for anyone used to work in USD as a currency. We ordered the projects in ascending price per watt.

None of the prices we are seeing in the results are very surprising. Different articles mention about a commonly expected price of about US$ 6 – 8 per watt for industrial (utility) size projects. Many specialists involved in the industry, especially in Europe lately talk about bids that projects get in the range of 4 – 5 Euros per watt, approximately US$ 5 – 6.60 per watt.

Related articles:

Lowest Solar Panel Prices Per Watt 2009-02-24

Economics of Solar Power

Solar Energy Land Area Efficiency or How Many Acres per MW, kWp per Acre

A Short Science Lesson for Journalists – Watts, Kilowatts, Megawatts, Kilowatt Hours

Resources used:

http://www.renewableenergyworld.com/rea/news/article/2007/02/phase-one-of-40-mw-german-solar-park-begun-47541

http://en.wikipedia.org/wiki/Moura_photovoltaic_power_station

http://www.xltelenergy.com/PRESS%20RELEASE%20170209.pdf

http://www.conergy.de/en/DesktopDefault.aspx/tabid-181/316_read-9306/

http://www.thinkspain.com/news-spain/12834

http://en.wikipedia.org/wiki/Nellis_Solar_Power_Plant

Related Reading:

Large Solar Energy Projects

World’s Largest Solar PV Project to Power Nevada Military Base

Two Large Solar Plants Planned in California – NYTimes.com

Mega Solar: the World’s 13 Biggest Solar Thermal Energy Projects

Evergreen Solar targets utility-scale projects

Improvements to DOE Grant Program

H2M to Complete Work on Largest Solar Panel Installation for a …

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