Total installed solar power plant costs by country

Data for 2019, in USD/kW

	Category	Cost Component	Russia	Japan	Canada	South Africa	Argentina	Brazil	Korea	Mexico	Australia	United States	Indonesia	United Kingdom	Saudi Arabia	France	Turkey	Germany	Italy	China	India	Average	Total	% total cost
1	Total	Total	2,117	2,070	1,404	1,321	1,312	1,255	1,252	1,238	1,236	1,221	1,158	1,018	996	979	921	899	830	795	618	1,192	22,639	100%
2	Module and inverter hardware	Modules	399	451	554	557	340	306	340	274	294	358	410	362	282	237	359	375	357	267	278	358	6,799	30%
3	Soft costs	Margin	213	124	202	104	144	65	197	261	87	173	140	63	217	117	99	99	104	91	26	133	2,526	11%
4	Installation	Mechanical installation	231	456	126	46	84	172	67	108	187	180	23	98	76	134	50	77	42	75	31	119	2,261	10%
5	BoS hardware	Racking and mounting	110	117	118	109	78	182	92	122	161	114	122	47	56	98	47	85	65	9	31	93	1,764	8%
6	BoS hardware	Grid connection	193	112	92	53	95	60	84	81	62	62	92	62	37	139	45	82	59	62	29	79	1,500	7%
7	Module and inverter hardware	Inverters	100	224	69	90	92	71	67	59	63	68	31	55	73	72	63	54	51	42	44	73	1,387	6%
8	Installation	Electrical installation	216	292	42	31	101	95	45	46	83	68	18	73	29	40	32	26	20	35	15	69	1,307	6%
9	Soft costs	Financing costs	157	64	13	61	111	41	76	35	43	20	64	66	38	4	62	6	21	73	41	52	995	4%
10	Soft costs	Permitting	193	50	8	58	122	38	83	16	38	9	55	69	16	32	60	4	23	12	14	47	899	4%
11	BoS hardware	Cabling/ wiring	79	70	39	48	67	60	65	55	57	43	50	40	21	47	27	30	30	33	29	47	891	4%
12	Soft costs	System design	66	5	75	80	10	63	24	32	54	23	35	18	31	22	13	36	34	30	20	35	670	3%
13	Soft costs	Incentive application	85	27	22	19	30	11	58	72	10	39	34	28	76	15	37	1	5	19	22	32	608	3%
14	BoS hardware	Safety and security	22	20	17	23	13	34	22	23	33	19	35	14	10	11	9	13	9	6	21	19	354	2%
15	BoS hardware	Monitoring and control	15	18	5	25	9	37	13	23	42	17	26	6	9	5	6	3	4	2	1	14	265	1%
16	Installation	Inspection	27	35	8	3	11	9	9	16	8	21	7	12	12	3	6	5	2	26	4	12	221	1%
17	Soft costs	Costumer acquisition	14	6	13	15	5	13	9	16	15	8	16	4	15	4	5	4	6	14	12	10	194	1%
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