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U.S. price index for wind turbines 2008-2019

Price index for wind turbines in the U.S. from 2008 to 2019 (in million U.S. dollars per megawatt)**

by T. Wang, last edited Aug 9, 2019
U.S. price index for wind turbines 2008-2019 The price index for wind turbines has gradually decreased over the last decade, reaching 0.79 in million U.S. dollars per megawatt in the second half of 2019. This index tracks supply agreements for turbines that are planned for delivery within the next 18 months and thus, acts as a benchmark for relevant industry players. Prices for U.S. wind turbines have also decreased past global levels, largely due to competition between manufacturers. Other factors such as the growth in turbine heights and improved capacity factors have also lowered levelized costs of wind energy.
How much do wind turbines cost?

Costs of installing a commercial wind turbine will depend on a variety of factors like the number of turbines, financing costs, purchase agreements, and location. Wind projects will also vary depending on the components such as wind resource potential available, utilities upgrades, transmission infrastructure, as well as maintenance and repair. However, economies of scale do play a part in wind systems and therefore, larger systems tend to cost less per kilowatt than smaller systems.
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Price index for wind turbines in the U.S. from 2008 to 2019 (in million U.S. dollars per megawatt)**

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