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)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 April 09, 2025, from https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/
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 April 09, 2025. https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/
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: April 09, 2025. https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/
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/
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/ (last visited April 09, 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/
