The average system price for rooftop PV systems in German single-family homes with and without battery storage rose by around 10% to €1,557 ($1,711)/kW in the second quarter of 2023, in comparison .
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According to research institute Fraunhofer ISE, solar power has become the cheapest mode of power generation also in Germany. Depending on the type of installation and sunshine intensity at a given location, generating one kilowatt
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Anyone in Germany who wants to put a small-scale PV system into operation in November 2021 must expect electricity generation costs of €0.1152 ($0.13)/kWh and a feed-in tariff (FIT) of €0.0703
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Those prices compared to €0.03-0.06/kWh for ground-mounted solar in Germany this year, rising to €0.05-0.10 with the addition of battery storage; the same, 5-10 cent level for large PV rooftops, with €0.065-0.14 when a battery is included; and €0.06-0.11 for residential solar, with a 2-9 cent premium if storage is added.
Today, one out of every two orders for rooftop solar panels in Germany is sold with a battery storage system. The home furnishing company Ikea even offers installed solar packages that include storage capacity.
Today, large scale PV offers an LCOE of €0.0312-0.1101/kWh in Germany, according to the researchers, for a project cost of €530-1,600 per kilowatt-peak of generation capacity. The wide range of battery prices means the average costs of a hybrid system range between €0.0524 and €0.1972, the document stated.
The German Solar Battery Storage Price Monitoring summarizes price data of the most important battery storage market segments. To that end, EuPD Research interviews 80 solar installation companies and summarizes developments in a price index. In addition, the following data is gathered in the German Solar Battery Storage Price Monitoring:
Elsewhere on pv magazine The payback time in Germany for new solar systems below 10 kW is increasing. According to EUPD Research, it could be almost 22 years by as early as 2023.
The budding popularity of solar panel and battery systems, driven by a drop in lithium-ion battery prices, has thrown a lifeline to Germany’s moribund solar sector, which has been reeling in recent years, in part because of low-cost production of solar panels in China.
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