Benchmark levelized cost of electricity (LCOE) for fixed-axis solar photovoltaics worldwide in 2024, with a forecast for 2025 and 2035
(in U.S. dollars per megawatt-hour)
Characteristic
LCOE in 2024 U.S. dollars per megawatt-hour
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In 2024, the levelized cost of electricity (LCOE) for fixed-axis solar photovoltaics stood at roughly ** U.S. dollars per megawatt-hour. It is forecast that the global solar LCOE will decrease to ** U.S. dollars per megawatt-hour in 2025 and ** U.S. dollars per megawatt-hour in 2035.
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PV Magazine. (February 7, 2025). Benchmark levelized cost of electricity (LCOE) for fixed-axis solar photovoltaics worldwide in 2024, with a forecast for 2025 and 2035 (in U.S. dollars per megawatt-hour) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1621534/benchmark-lcoe-solar-photovoltaics-forecast-worldwide/
PV Magazine. "Benchmark levelized cost of electricity (LCOE) for fixed-axis solar photovoltaics worldwide in 2024, with a forecast for 2025 and 2035 (in U.S. dollars per megawatt-hour)." Chart. February 7, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1621534/benchmark-lcoe-solar-photovoltaics-forecast-worldwide/
PV Magazine. (2025). Benchmark levelized cost of electricity (LCOE) for fixed-axis solar photovoltaics worldwide in 2024, with a forecast for 2025 and 2035 (in U.S. dollars per megawatt-hour). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1621534/benchmark-lcoe-solar-photovoltaics-forecast-worldwide/
PV Magazine. "Benchmark Levelized Cost of Electricity (Lcoe) for Fixed-axis Solar Photovoltaics Worldwide in 2024, with a Forecast for 2025 and 2035 (in U.S. Dollars per Megawatt-hour)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 7 Feb 2025, /statistics/1621534/benchmark-lcoe-solar-photovoltaics-forecast-worldwide/
PV Magazine, Benchmark levelized cost of electricity (LCOE) for fixed-axis solar photovoltaics worldwide in 2024, with a forecast for 2025 and 2035 (in U.S. dollars per megawatt-hour) ÌÇÐÄÆƽâ°æ, /statistics/1621534/benchmark-lcoe-solar-photovoltaics-forecast-worldwide/ (last visited July 27, 2026)
Benchmark levelized cost of electricity (LCOE) for fixed-axis solar photovoltaics worldwide in 2024, with a forecast for 2025 and 2035 (in U.S. dollars per megawatt-hour) [Graph], PV Magazine, February 7, 2025. [Online]. Available: /statistics/1621534/benchmark-lcoe-solar-photovoltaics-forecast-worldwide/
