Solar PV Module Cost
solar-irena-v2026.03
$0.179
USD per Watt-peak
50% live · 50% reference
Cost Waterfall
Stage Breakdown
polysilicon12.4%
$0.0222
materials$0.0061
electricity$0.0059
equipment$0.0032
profit$0.0027
overheads$0.0018
wafer23.4%
$0.0418
materials$0.0150
electricity$0.0065
equipment$0.0057
profit$0.0050
overheads$0.0033
cell18.8%
$0.0335
materials$0.0098
equipment$0.0070
profit$0.0040
electricity$0.0039
overheads$0.0027
module45.4%
$0.0811
materials$0.0570
profit$0.0097
overheads$0.0065
equipment$0.0026
labour$0.0024
Material Breakdown
26.9% of module cost| Material | Price | $/Wp | Share | +10% | |
|---|---|---|---|---|---|
| SiO2 Solar Glass Module front cover glass | $0.8000 | $0.0120 | 6.7% | +$0.00120 | |
| Al Aluminum Module frame | $3,190 | $0.0095 | 5.3% | +$0.00095 | |
| Ag Silver Cell metallization paste | $69.80 | $0.0085 | 4.8% | +$0.00085 | |
| EVA EVA Encapsulant Cell encapsulant film | $1.85 | $0.0080 | 4.5% | +$0.00080 | |
| Si Silicon Metal Polysilicon feedstock | $1.70 | $0.0060 | 3.4% | +$0.00060 | |
| Fe Steel (HRC) Mounting racking | $1,067 | $0.0025 | 1.4% | +$0.00025 | |
| Cu Copper Cell interconnects, wiring | $5.50 | $0.0012 | 0.7% | +$0.00012 | |
| Sn Tin Solder for cell connections | $12.85 | $0.0003 | 0.2% | +$0.00003 | |
| Total Materials | $0.0480 | 26.9% | |||