Cost effectivities analysis of perovskite solar cells: Will it outperform crystalline silicon ones?

06.11.25 | Shanghai Jiao Tong University Journal Center

Current manufacturing cost of perovskite solar modules is calculated as 0.57 $ W−1much higher than that of the silicon solar cells.Cost Effectivities analysis indicates that materials cost shares 70% of costs, and capital cost and other cost share nearly 15%, respectively.The cost of perovskite solar modules has the potential to outperform crystalline silicon under conditions of 25% efficiency, lifetime of 25 years, and cost reduction of materials and equipment, etc. Credit: Yingming Liu, Ziyang Zhang, Tianhao Wu, Wenxiang Xiang, Zhenzhen Qin, Xiangqian Shen, Yong Peng, Wenzhong Shen, Yongfang Li, Liyuan Han.

The commercialization of perovskite solar cells (PSCs) has garnered worldwide attention as the next generation of photovoltaic (PV) technology. With their high efficiency and potentially low manufacturing cost, PSCs are expected to revolutionize the renewable energy market. However, the current manufacturing cost of perovskite solar modules is calculated as 0.57 $ W ^-1 , much higher than that of silicon solar cells. Now, Professor Liyuan Han from Shanghai Jiao Tong University, along with researchers from Wuhan University of Technology and other institutions, present a comprehensive cost-effectiveness analysis of PSCs, offering valuable insights into their potential to outperform crystalline silicon solar cells.

Why Cost Effectiveness Matters

Innovative Strategies for Cost Reduction

Future Outlook

Perovskite solar cells have shown great potential to outperform crystalline silicon solar cells in terms of cost-effectiveness. However, significant efforts are still needed to improve efficiency, yield, and stability, as well as to reduce materials and equipment costs. Stay tuned for more exciting breakthroughs in the commercialization of perovskite solar cells!