Skip to main content

EIA: Average value of U.S. solar modules fell to $0.34/watt in 2021

August 02, 2022

PV Tech



PV Tech:

The US market shipped US$9.8 billion of modules in 2021, with the average dollar per watt value continuing to fall, according to the country’s Energy Information Agency (EIA).

It’s 2021 Annual Solar Photovoltaic Module Shipments Report, released 29 July, revealed that the US had nearly 29 million module shipments in 2021, up from 21 million in 2020, and representing an enormous rise from 2010 when the figure stood at just 2.6 million.

Over the same period, the average value per watt of PV modules has also plummeted. In 2010, the average value of PV modules was US$1.96/W, with this steadily falling to US$0.38/W in 2020 and US$0.34/W in 2021.

Last year’s fall came despite acute pressure on the solar supply chain, with material price hikes, logistical issues and geopolitical events all causing upwards pressure on module prices. In July, modules prices rose for the first time months but this was not enough to cause an overall annual increase, according to EIA data.

The agency’s data showed that more than four million modules were manufactured in the US during 2021, with almost 23 million imported from abroad. Export shipments made up roughly 1.1 million modules, while 119,936 were purchased from US original equipment manufacturers (OEM).

[Sean Rai-Roche]

More: US market shipped US$10bn of modules in 2021, average price per watt value continues to fall

Join our newsletter

Keep up to date with all the latest from IEEFA