The price of PV panels has significantly decreased in recent years. According to [ 21 ], the price per 1 Wp dropped from 1.4 USD/W in 2011 to less than 0.2 USD/W (see Figure 2 ). The boom in solar energy did not start by chance.
In 2024, prices are currently ranging from 62 to 86 EUR/MWh, which is similar to the levels seen in the Czech Republic and Slovakia. Figure 8. Average DAPs, Capture Price for Solar, and Capture Rate for Solar for Hungary. In Poland ( Figure 9 ), the situation is slightly different than in Slovakia, the Czech Republic, and Hungary.
Results underline large country differences in cost of capital. The approach can complement but not replace other methods to estimate cost of capital. The cost of capital (CoC) is an important parameter for accurately calculating power generation cost, particularly for capital-intensive renewables such as solar PV.
The Capture Rate for Solar (CRS) determines the percentage ratio between the average price at which PV power plants sell their electricity and the average market price of electricity during a given period. In the Czech Republic ( Figure 4 ), high values were observed in the early months of 2018–2020, with January 2018 reaching 126%.
In the case of PV power plants, which this contribution focuses on, the situation has changed in recent years. One of the reasons is the fact that the prices of photovoltaic systems have decreased and thus become more affordable. In Figure 1, the trend of installed PV capacity from the year 2000 to 2022 is shown.
The price of solar panels from 2011 to 2024 [ 21 ]. Electricity prices in 2022 reached significant peaks due to a combination of multiple factors. These factors included geopolitical events, increased energy demand, supply chain disruptions, and climatic conditions.
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