Residential solar pricing down 3.5% in 2023, $2.80 per watt quoted

For the first time since 2021, quoted solar prices decreased on the marketplace, falling 3.5% to $2.80 per watt for quotes in the second half of 2023

Energy storage meanwhile decreased for the first time since EnergySage started reporting storage data in 2020. During the second half of 2023 energy storage prices declined about 6% to a median $1,265 per watt.

EnergySage said the drop in prices was driven in part by a 19% decrease in quoted storage prices in California, where energy storage attachment rates for solar projects reached 45% in the second half of 2023.

microinverter provider Enphase Energy gained market share, reaching nearly 70% of quoted systems of EnergySage marketplace

top quote solar panel brands were a more diverse mix led by REC Group, Qcells, Silfab Solar, Panasonic, and others

California median prices dropped sharply by 20% from the first half to the second half of 2023, reaching $2.70 per watt

Florida and Texas median prices were $2.35 per watt, while Colorado median prices were $3.10 per watt and Nevada $2.55 per watt

lowest quoted median per watt price was in Arizona, with $2.30 per watt, while Tennessee median prices were the highest at $3.65 per watt. California had the smallest median system size at 8.07 kW, while Kentucky had the largest with 14.50 kW for the median in the second half of 2023

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