{"schemaVersion":"report-figure-v1","report":{"slug":"solar-compound-trajectory","title":"The Compound Trajectory: What a Kilowatt Is Worth","url":"https://solaranalytica.com/solar-compound-trajectory","datePublished":"2026-06-18","lastReviewed":"2026-09-17"},"figure":{"id":"yield-against-tariff","title":"Net yield against 2025 residential tariff, ten of the 23 priced markets","unit":"kWh per kWp per year; US$ per kWh","valueLabel":"Net yield kWh/kWp/yr","valueBLabel":"2025 tariff US$/kWh","provenance":{"dataSource":"CERES-modelled specific yield after soiling loss (parts 01 and 05); 2025 residential tariffs from the priced-market table","dataType":"Modelled yield; observed tariff","scope":"The ten markets tabulated in this report, selected from the 23 priced markets","statistic":"Net yield and tariff per market; value is their product"},"caption":"Ten of the 23 priced markets, net yield against 2025 tariff. Each curve joins the points that earn the same per kilowatt per year, because value is the product of the two axes: this is arithmetic, not a correlation, and it implies nothing about cause. Berlin earns more than Cairo with two-fifths less sun because its tariff is nineteen times higher. Yields and tariffs from the table below.","series":[{"label":"Los Angeles","value":1699,"valueB":0.303},{"label":"Madrid","value":1588,"valueB":0.297},{"label":"Berlin","value":1014,"valueB":0.436},{"label":"Athens","value":1615,"valueB":0.261},{"label":"Perth","value":1699,"valueB":0.21},{"label":"Phoenix","value":1766,"valueB":0.147},{"label":"Cape Town","value":1786,"valueB":0.121},{"label":"Dubai","value":1541,"valueB":0.08},{"label":"Riyadh","value":1434,"valueB":0.052},{"label":"Cairo","value":1761,"valueB":0.023}]},"csv":"https://solaranalytica.com/reports/solar-compound-trajectory/figures/yield-against-tariff/data.csv","publicationState":"fixed-edition","boundary":"The figure remains bound to the report edition. A newer upstream release creates a review obligation and never rewrites these rows automatically."}