The report estimates that the total installed system cost, which is one of the primary inputs used to compute LCOE, has declined to $2.80 per direct current watts (Wdc) for residential systems, $1.85 Wdc for commercial, $1.03 Wdc for fixed-tilt utility-scale systems, and $1.11 Wdc for one-axis tracking utility-scale systems.
Compared to the first quarter of last year, and using 2017 dollars, the benchmarks fell by 6 percent for residential, 15 percent for commercial, and 29 percent for utility-scale systems.
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