Global average LCOE of solar PV 2010-2023

Published by Lucía Fernández, Oct 9, 2024

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)

CharacteristicAverage costs in U.S. dollars per kilowatt-hour
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Showing entries 1 to 13 (14 entries in total)
Statistic: 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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Release date

September 2024

Region

Worldwide

Survey time period

2010 to 2023

Special properties

In 2022 U.S. dollars

Supplementary notes

Figures have been rounded.

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