Try our corporate solution for free!
(212) 419-8286

Forecast of estimated LCOE generation by energy source 2025

Offshore wind energy generation is predicted to have one of the highest levelized capital cost of generation in the United States in 2025, at approximately 122.25 U.S. dollars per megawatt hour. Offshore wind power is still a relatively new technology in comparison to onshore wind, which is estimated to have levelized capital costs totaling 39.95 U.S. dollars per megawatt hour.

What are levelized capital costs?

The levelized cost of energy (or LCOE) is a comparative indication for the financial viability of different forms of energy over a system’s lifetime. Capital costs are the one-time expenses of acquiring the land, space, and construction resources to start a project, whereas running costs consider the maintenance of the energy system in operation. Among clean energy technologies, solar generation has experienced a greater increase than wind energy in the past decade, likely due to lower start-up costs.

Harvesting wind from the sea

Despite the higher capital costs of building wind turbines in bodies of water, high economic potential for fixed-bottom and floating offshore wind technologies is nevertheless predicted in the coasts off New England, especially in Maine and Massachusetts. Overall, levelized wholesale wind power prices in the United States have been decreasing since around the 2008 Recession, when investment in clean energy technologies increased.

Estimated levelized capital costs of energy generation in the U.S. in 2025, by energy system (in U.S. dollars per megawatt hour)*

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in

Release date

February 2020


United States

Survey time period


Supplementary notes

* U.S. unweighted average levelized costs (2019 U.S. dollars per megawatt hour) for plants entering service in 2025, based on simple average of regional values.
** Costs are expressed in terms of net AC power available to the grid for the installed capacity.
*** According to the source, hydro is assumed to have seasonal storage so that it can be dispatched within a season, but overall operation is limited by resources available by site and season.

The abbreviation IGCC stands for integrated coal gasification combined cycle.
The abbreviation PV stands for photovoltaics.
The abbreviation EIA stands for U.S. Energy Information Administration.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Energy production in the U.S."

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.