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).