WNN | Grid Parity Map
This interactive grid parity map compares the cost of solar energy with current utility rates in each U.S. state. Users can change the cost of solar panels and see the impact.
Grid parity is most commonly used in the field of solar power, and most specifically when referring to solar photovoltaics (PV). As PV systems do not use fuel and are largely maintenance-free, the levelized cost of electricity (LCOE) is dominated almost entirely by the capital cost of the system.
Grid parity (or socket parity) occurs when an alternative energy source can generate power at a levelized cost of electricity (LCOE) that is less than or equal to the price of power from the electricity grid. The term is most commonly used when discussing renewable energy sources, notably solar power and wind power.
In 2016, a solar power plant bid at the lowest-ever price at that time of 2.91 cents per kWh, showcasing the potential for market-driven grid parity. 4. India's Solar Ambitions: India's National Solar Mission has propelled the country towards grid parity through large-scale solar parks and a reverse auction system.
Grid parity is influenced by several factors, including: The declining cost of renewable energy technology, particularly solar panels and wind turbines. The increased efficiency and energy output from renewable technologies. The rising dynamic energy cost of fossil fuels due to supply chain disruptions and geopolitical factors.
PDF version includes complete article with source references.
Get technical specifications, application guides, and ROI analysis tools for containerized microgrid solutions, mobile energy storage containers, and portable power systems.
15 Industrialna Street, Włochy District
Warsaw, Poland 02-492
Sales & General: +48 22 824 4067
Technical Support: +48 607 809 270
Monday - Friday: 8:00 AM - 6:00 PM CET
Saturday: 8:00 AM - 2:00 PM CET