The Price of Photovoltaic Electricity
Photovoltaics — Technical, Economic, and Environmental Aspects

Over the past two decades, with the drastic drop in photovoltaic module prices, there has been a very significant reduction in the levelized cost of electricity (LCOE), which is a metric common to all other means of electricity and energy production in general.

In this chapter, we will explain the methodology used to evaluate this levelized cost for photovoltaic power plants.

In the third section, we will discuss the challenges associated with the intermittency of photovoltaic power and strategies to mitigate the associated drawbacks.