This is the 5th issue of the Grid Parity Monitor (GPM) Series, the 3rd issue of the residential segment. This issue focuses exclusively on the residential sector (3 kW PV systems) in 12 countries spread in 5 different continents. Two new markets in Asia (Japan and Israel) are included in this latest GPM release, in addition to the 10 countries analyzed in previous issues: Australia, Brazil, Chile, France, Germany, Italy, Mexico, Spain, UK and California in the US.
The GPM analyses show that full grid parity has been reached in several countries: Australia, Chile (Copiapó), Germany, Italy, Japan and Mexico for DAC consumers. The decreasing trend of installation costs, one of the main drivers of the cost of PV generation (expressed as LCOE), has recently slowed down in mature markets. Overall, from 2009 to 2014, the LCOE in the residential segment decreased in all of the cities analysed: from a 28% annual decline in Australia to a 5% in Spain.
Figure 1: Evolution of PV LCOE for residential consumers from 2009 to 2014 (1st half)
The GPM analyses show that full grid parity has been reached in several countries: Australia, Chile (Copiapó), Germany, Italy, Japan and Mexico for DAC consumers. The decreasing trend of installation costs, one of the main drivers of the cost of PV generation (expressed as LCOE), has recently slowed down in mature markets. Overall, from 2009 to 2014, the LCOE in the residential segment decreased in all of the cities analysed: from a 28% annual decline in Australia to a 5% in Spain.
Figure 1: Evolution of PV LCOE for residential consumers from 2009 to 2014 (1st half)
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