The cost of a fission plant outside the nuclear island - that is all the things like steam generators, turbines, cooling loops, etc. - is about 60% of the total cost.
It's even more than that on average. But this isn't a fission plant. It's much more akin to a coal or NG plant than a fission plant. ARC is dealing with superheated steam (540C, like a coal plant), not the ~300C or so you might get in a fission plant (fission plants require enormous turbines per unit power, and MSRs). Plus you also have to reject a lot more heat due to the lower thermal efficiency (*on top of* the much greater steam volume). You're also not having to meet nuclear quality assurance standards on the site - backup generators, emergency cooling, and a whole slew of other things, which are not only fundamentally expensive, but you often can't use off-the shelf systems.
Bringing up the cost of this stuff from fission plants is nonsensical. This has nothing to do with fission. If something goes wrong, the reaction stops instantaneously, and the only thing you do is damage your inner core, which is a consumable item anyway. It just means moving up your maintenance cycle. Your balance-of-plant costs are coal-like.
Assuming MIT's ridiculously low estimates of reactor cost
It's only "nonsensically low" because you don't like it. There is nothing unreasonable about it relative to the size of the undertaking.
This isn't ITER where they're employing a veritable army of scientists and engineers on government contracts for decades as a jobs programme.
PV systems in the US currently cost about $1/W
[Capacity Factors have entered the chat]
"1W" of solar nameplate capacity averages 0,24W in the US.
A fusion plant, when mature, can be expected to have a capacity factor similar to a fission plant, e.g. downtimes mainly just once every 1-2 years for maintenance (in a fusion plant, replacement of the inner core structure). 90%-ish. Otherwise, it's just constant (pulsed, accounted for in the 400MWe) generation.
Also, for the record, 1W-ac of nameplate solar power in the US averages ~$1,60,W-ac not $1 (as of 2024 at least). Don't compare W-dc with W-ac (also, even $1/W-dc, while "in the range" in the US, would be a good price - 2024 average was $1,22/W-dc)
Also, I don't know how to break it to you, but not everywhere on Earth is the US desert southwest. Hey, I live in Iceland - want to take a wild guess how well solar is taking off here? Even in the summer fixed PV sucks because the sun does an azimuthal 360 around you (and our peak electricity demands are in the winter). Also, PV isn't compact. You're not going to power a large ship with PV. You could with a fusion reactor. And we're not even bringing up space here.
The development cost is, compared to the amount that gets invested in the grid every year, basically in the noise threshold. It's well worth it.
With storage, that goes to about $2/W.
By "storage" you don't mean "able to handle a dunkelflaute".
Don't get me wrong, I like solar. But this is a terrible argument against fusion.