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Claim Text: Prices from Nemet (2009) and Farmer & Lafond (2016) have been converted to 2024 US$ using the US GDP deflator, to account for the effects of inflation.
Simplified Text: Nemet and Farmer & Lafond prices were adjusted to 2024 USD using the US GDP deflator.
Confidence Score: 1.000
UUID: df7cd2e0-2728-4702-87a6-f70e5d832a74
Vector Index: ✗ No vector
Created: December 5, 2025 at 12:49 PM (8 months ago)
Last Updated: December 5, 2025 at 12:49 PM (8 months ago)

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1 week ago

https://ourworldindata.org/grapher/solar-pv-prices

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The data is expressed in US dollars per watt, adjusted for inflation. 1.000

Simplified: The data is in inflation-adjusted USD per watt.

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Photovoltaic cost data between 1975 and 2003 has been taken from Nemet (2009), between 2004 and 2009 from Farmer & Lafond (2016), and since 2010 from IRENA. 1.000

Simplified: Data sources: Nemet (1975-2003), Farmer & Lafond (2004-2009), IRENA (2010-present).

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Farmer and Lafond, Research Policy Volume 45, Issue 3, April 2016, Pages 647-665. 1.000

Simplified: Farmer and Lafond published in Research Policy, April 2016.

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Simplified: Inflation-adjusted hourly wages have increased since the 1990s.

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Simplified: With a consistent 3% inflation rate, a dollar's value decreases to 74 cents in 10 years.

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