Report: Wind, solar are cheapest options, NOW

In its annual Levelized Cost of Energy analysis, Lazard Associates found the cost for power generated from wind energy resources were around $30-$60 per megawatt hour (MWh) range – even without any subsidies! Unsubsidized solar power resources provided power at a cost of $43-$48/MWh range. That’s 3-6 cents per kilowatt hour (kWh) for wind, or 4.3-4.8 cents per kWh for solar. Of course with existing federal tax credits, real wind power prices could be as low as $14/MWh, or 1.4 cents/kWh, and real solar prices may reach as low as $35/MWh, or 3.5 cents/kWh.

How expensive is solar power? You’re going to be SHOCKED!

In some southern states, like North Carolin and Florida, NREL reports that utility-scale solar power prices may reach a levelized cost of approximately 5 cents per kilowatt hour. Incorporating the federal investment tax credit (ITC) could drop those prices down into the 3-4 cents per kilowatt hour range ($30-$40/MWh).

Florida’s Solar Outlook Just Got Sunnier

We’re the Sunshine State, right? Yet despite having one of the largest electricity markets in the nation, Florida doesn’t make the top-ten state list for solar development. That may be about to change. Florida is poised, with the implementation of Amendment 4, the defeat of Amendment 1, and continuing dramatic drops in solar prices, to start [...]