Levelized Cost of Solar-Plus-Storage Fell to $54-82/MWh in 2025: IRENA

The report projects a 40% reduction in the costs of solar- plus-storage projects by 2035

May 19, 2026

/ Energy Storage, Markets & Policy, Solar

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Firm-levelized cost of energy (LCOE) for solar plus storage solutions fell to $54-82/MWh by 2025 in high-irradiance solar regions and strong wind corridors globally from over $100/MWh in 2020, according to a report by the International Renewable Energy Agency (IRENA).

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Melvin Mathew

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Levelized Cost of Solar-Plus-Storage Fell to $54-82/MWh in 2025: IRENA

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