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Vol. 17 (2025)

Cost Effectivities Analysis of Perovskite Solar Cells: Will it Outperform Crystalline Silicon Ones?

https://doi.org/10.1007/s40820-025-01744-x
Yingming Liu
State Key Laboratory of Metal Matrix Composites, Shanghai Jiao Tong University, Shanghai 200240, People’s Republic of China
Ziyang Zhang
State Key Laboratory of Metal Matrix Composites, Shanghai Jiao Tong University, Shanghai 200240, People’s Republic of China
Tianhao Wu
Materials Genome Institute, Shanghai University, Shanghai 200444, People’s Republic of China
Wenxiang Xiang
State Key Laboratory of Metal Matrix Composites, Shanghai Jiao Tong University, Shanghai 200240, People’s Republic of China
Zhenzhen Qin
State Key Laboratory of Metal Matrix Composites, Shanghai Jiao Tong University, Shanghai 200240, People’s Republic of China
Xiangqian Shen
Xinjiang Key Laboratory of Solid State Physics and Devices, School of Physical Science and Technology, Xinjiang University, Urumqi 830046, People’s Republic of China
Yong Peng
State Key Laboratory of Advanced Technology for Materials Synthesis and Processing, Wuhan University of Technology, Wuhan 430070, People’s Republic of China
Wenzhong Shen
Institute of Solar Energy, Key Laboratory of Artificial Structures and Quantum Control (Ministry of Education), School of Physics and Astronomy, Shanghai Jiao Tong University, Shanghai 200240, People’s Republic of China
Yongfang Li
Beijing National Laboratory for Molecular Sciences, CAS Key Laboratory of Organic Solids, Institute of Chemistry, Chinese Academy of Sciences, Beijing 100190, People’s Republic of China
Liyuan Han
State Key Laboratory of Metal Matrix Composites, Shanghai Jiao Tong University, Shanghai 200240, People’s Republic of China

Corresponding Author: Liyuan Han

han.liyuan@sjtu.edu.cn

Nano-Micro Letters, Vol. 17 (2025), Article Number: 219

Abstract

The commercialization of perovskite solar cells (PSCs) has garnered worldwide attention and many efforts were devoted on the improvement of efficiency and stability. Here, we estimated the cost effectivities of PSCs based on the current industrial condition. Through the analysis of current process, the manufacturing cost and the levelized cost of electricity (LCOE) of PSCs is estimated as 0.57 $ W−1 and 18–22 US cents (kWh)−1, respectively, and we demonstrate the materials cost shares 70% of the total cost. Sensitivity analysis indicates that the improvement of efficiency, yield and decrease in materials cost significantly reduce the cost of the modules. Analysis of the module cost and LCOE indicates that the PSCs have the potential to outperform the silicon solar cells in the condition of over 25% efficiency and 25-year lifetime in future. To achieve this target, it is essential to further refine the fabrication processes of each layer in the module, develop stable inorganic transport materials, and precisely control material formation and processing at the microscale and nanoscale to enhance charge transport.


Highlights:
1 Current manufacturing cost of perovskite solar modules is calculated as 0.57 $ W−1 much higher than that of the silicon solar cells.
2 Cost Effectivities analysis indicates that materials cost shares 70% of costs, and capital cost and other cost share nearly 15%, respectively.
3 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.

Keywords

Perovskite Manufacturing cost Levelized cost of electricity
Liu, Yingming, Ziyang Zhang, Tianhao Wu, Wenxiang Xiang, Zhenzhen Qin, Xiangqian Shen, Yong Peng, Wenzhong Shen, Yongfang Li, and Liyuan Han. 2025. “Cost Effectivities Analysis of Perovskite Solar Cells: Will It Outperform Crystalline Silicon Ones?”. Nano-Micro Letters 17 (April):219. https://doi.org/10.1007/s40820-025-01744-x.
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