
NRELs Cost of Renewable Energy Form
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People also ask
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What is the LCOE cost of energy?
Electricity produced from nonrenewable sources, like coal and natural gas, costs about $0.04 per kilowatt-hour to produce. The national average residential electric customer is billed at $0.124 per kilowatt hour.
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How much is the cost of renewable energy?
Average Renewable Energy Costs Wind power: $20/MWh. Solar power: $37/MWh. Hydro power: $85/MWh.
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How much does NREL wind energy cost?
The fixed-bottom offshore wind estimate is $95/MWh, and the floating substructure reference project estimate is $145/MWh. These two reference projects give a single-variable sensitivity range of $52–$184/MWh. This range is primarily caused by the large variation in CapEx ($1,800–$7,711/kW) and project design life.
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