In 2021, the average levelized cost of electricity (LCOE) for solar photovoltaic systems was between ** and *** U.S. dollars per megawatt hour. At the same time, Australia had an LCOE for solar PV between ** and ** U.S. dollars per megawatt, making it the country with the cheapest maximum LCOE that year. In recent years, electricity prices have increased mostly due to increased transmission and distribution investments. The LCOE is calculated by using the average cost to build and operate a power plant divided by its total power output over its lifetime. It is a measure of comparison between different electricity generation methods.
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Lazard. (October 28, 2021). Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
Lazard. "Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour)." Chart. October 28, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
Lazard. (2021). Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
Lazard. "Levelized Cost of Electricity for Solar Photovoltaics Globally as of 2021, by Select Country (in U.S. Dollars Megawatt Hour)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 28 Oct 2021, /statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
Lazard, Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour) ÌÇÐÄÆƽâ°æ, /statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/ (last visited July 31, 2026)
Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour) [Graph], Lazard, October 28, 2021. [Online]. Available: /statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
