North American solar PPA prices up 4% in Q3
The average price of a solar PPA signed in North America increased 4% between the second and third quarters of 2025, according to LevelTen.
The North America Solar Photovoltaic (PV) Market is segmented by Application (Residential, Commercial, and Utility), Deployment (Ground Mounted and Rooftop Solar), Technology (Crystalline Solar and Thin Film), and Geography (United States, Canada, and Mexico).
Note: Costs are expressed in constant 2024 US$ per watt. Global estimates are used before 2010; European market benchmarks thereafter due to limited data availability. Solar photovoltaic module prices refer to the cost of the solar panel itself, and do not include installation or other system components.
Solar power purchase agreement (PPA) prices in North America held steady in the first quarter of 2025, averaging $57.04/MWh, up 1% from the previous quarter, says LevelTen Energy. From pv magazine USA LevelTen Energy has released its latest quarterly report on PPA pricing in North America.
The North America Solar Photovoltaic (PV) Market is fragmented. Some of the key players in this market (in particular order) are Hanwha Q Cells Co., Ltd., Canadian Solar Inc., Jinko Solar, First Solar, Inc., and Trina Solar Limited.
The average price of a solar PPA signed in North America increased 4% between the second and third quarters of 2025, according to LevelTen.
The North America solar PV market was valued at USD 45.4 billion in 2025 and is projected to grow at a CAGR of 6.3% from 2026 to 2035, driven by rising decentralized and off-grid solar installations.
Solar photovoltaic panel prices Average price of solar modules, expressed in US dollars per watt, adjusted for inflation.
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Solar power purchase agreement (PPA) prices in North America held steady in the first quarter of 2025, averaging $57.04/MWh, up 1% from the previous quarter, says LevelTen Energy.
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