Updated Renewable Energy Technology Cost Data for 2012 Available
August 17, 2012
The U.S. Department of Energy (DOE) Federal Energy Management Program (FEMP) has updated the Renewable Energy Technology Cost Data for 2012. This update, conducted annually, provides capital cost and operations and maintenance (O&M) cost for some of the most common distributed-scale (under 10 MWs) renewable energy technologies in the Federal sector: solar photovoltaics, solar water heating, solar ventilation preheating, wind, biomass combustion combined heat and power, and biomass wood heat.
The 2012 update shows that the average cost of solar PV has decreased by a third compared to 2011. The average cost of wind O&M has also decreased as a result of new wind turbines.
Federal agencies and energy service companies can use this cost data for their own preliminary economic analyses. Or, they can use the accompanying levelized cost of energy (LCOE) calculator to assess the life-cycle cost effectiveness of a renewable energy project.
Cost data was collected from a number of different types of sources. These sources, as well as the costs charts, discussion of the data, methodology, and bibliography, are contained in a supporting document. Users are encouraged to review this document to better understand the charts.