Levelized cost of electricity (LCOE) for solar photovoltaics worldwide in 2023, with a forecast for 2030 and 2050, by key region
(in U.S. dollars per megawatt-hour)
Characteristic
United States
European Union
China
India
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It is forecast that by 2050 the United States, the European Union, and China will register a levelized cost of electricity (LCOE) for solar photovoltaics of roughly ** U.S. dollars per megawatt-hour. India, on the other hand, is projected to reach a solar PV LCOE of ** U.S. dollars per megawatt-hour in that year.Â
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IEA. (October 15, 2024). Levelized cost of electricity (LCOE) for solar photovoltaics worldwide in 2023, with a forecast for 2030 and 2050, by key region (in U.S. dollars per megawatt-hour) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 25, 2026, from /statistics/1621993/global-lcoe-for-solar-pv-forecast-by-region/
IEA. "Levelized cost of electricity (LCOE) for solar photovoltaics worldwide in 2023, with a forecast for 2030 and 2050, by key region (in U.S. dollars per megawatt-hour) ." Chart. October 15, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 25, 2026. /statistics/1621993/global-lcoe-for-solar-pv-forecast-by-region/
IEA. (2024). Levelized cost of electricity (LCOE) for solar photovoltaics worldwide in 2023, with a forecast for 2030 and 2050, by key region (in U.S. dollars per megawatt-hour) . ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 25, 2026. /statistics/1621993/global-lcoe-for-solar-pv-forecast-by-region/
IEA. "Levelized Cost of Electricity (Lcoe) for Solar Photovoltaics Worldwide in 2023, with a Forecast for 2030 and 2050, by Key Region (in U.S. Dollars per Megawatt-hour) ." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Oct 2024, /statistics/1621993/global-lcoe-for-solar-pv-forecast-by-region/
IEA, Levelized cost of electricity (LCOE) for solar photovoltaics worldwide in 2023, with a forecast for 2030 and 2050, by key region (in U.S. dollars per megawatt-hour) ÌÇÐÄÆƽâ°æ, /statistics/1621993/global-lcoe-for-solar-pv-forecast-by-region/ (last visited July 25, 2026)
Levelized cost of electricity (LCOE) for solar photovoltaics worldwide in 2023, with a forecast for 2030 and 2050, by key region (in U.S. dollars per megawatt-hour) [Graph], IEA, October 15, 2024. [Online]. Available: /statistics/1621993/global-lcoe-for-solar-pv-forecast-by-region/
