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Price development of photovoltaic modules, inverters, and systems in the Netherlands in 2012

Author

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  • van Sark, Wilfried G.J.H.M.
  • Muizebelt, Peter
  • Cace, Jadranka
  • de Vries, Arthur
  • de Rijk, Peer

Abstract

Since 2010 the Dutch photovoltaic (PV) market has been growing fast, with around doubling of installed capacity in 2011 and 2012. Four quarterly inventories have been made in 2012 for modules, inverters, and systems that are presently available for purchase in the Netherlands. We have found that the average selling price of modules, inverters, and systems decreased with 44.3, 14, and 7.3–10.2%, respectively: average selling prices are 1.26 €/Wp, 0.41 €/Wp, and 1.46 €/Wp for modules, inverters, and systems on tilted roofs, respectively, at the end of 2012. Average installation costs amount to 0.43 €/Wp. Using an energy yield of 900 kWh/kWp, 25 years system lifetime, 6% discount rate, and 1% operation and maintenance (O&M) cost, a levelized cost of electricity (LCOE) is calculated for a 2.5kWp system to be 0.194 €/kWh for a system price of 1.98 €/Wp (including installation). Grid parity conditions are apparent, with electricity retail prices of around 0.23 €/kWh.

Suggested Citation

  • van Sark, Wilfried G.J.H.M. & Muizebelt, Peter & Cace, Jadranka & de Vries, Arthur & de Rijk, Peer, 2014. "Price development of photovoltaic modules, inverters, and systems in the Netherlands in 2012," Renewable Energy, Elsevier, vol. 71(C), pages 18-22.
    • Handle: RePEc:eee:renene:v:71:y:2014:i:c:p:18-22
    DOI: 10.1016/j.renene.2014.05.008
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    Citations

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    Cited by:

    1. Mauleón, Ignacio, 2016. "Photovoltaic learning rate estimation: Issues and implications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 507-524.
    2. Nie, Pu-Yan & Wang, Chan & Yang, Yon-Cong, 2017. "Comparison of energy efficiency subsidies under market power," Energy Policy, Elsevier, vol. 110(C), pages 144-149.
    3. Armendariz-Lopez, J.F. & Luna-Leon, A. & Gonzalez-Trevizo, M.E. & Arena-Granados, A.P. & Bojorquez-Morales, G., 2016. "Life cycle cost of photovoltaic technologies in commercial buildings in Baja California, Mexico," Renewable Energy, Elsevier, vol. 87(P1), pages 564-571.
    4. Mauleón, Ignacio & Hamoudi, Hamid, 2017. "Photovoltaic and wind cost decrease estimation: Implications for investment analysis," Energy, Elsevier, vol. 137(C), pages 1054-1065.
    5. Riccardo Squatrito & Filippo Sgroi & Salvatore Tudisca & Anna Maria Di Trapani & Riccardo Testa, 2014. "Post Feed-in Scheme Photovoltaic System Feasibility Evaluation in Italy: Sicilian Case Studies," Energies, MDPI, vol. 7(11), pages 1-19, November.

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