This range is primarily caused by the large variation in CapEx ($3,000–$9,187/kW) and project design life. The residential and commercial reference distributed wind system LCOE are estimated at $240/MWh and $174/MWh, respectively.
Dramatic Cost Range: Wind turbine costs span from $700 for small residential units to over $20 million for offshore turbines, with total project costs varying from $10,000 to $4,000+ per kW installed depending on scale and location.
Funding provided by U.S. Department of Energy Office of Energy Efficiency and Renewable Energy Wind Energy Technologies Office. The views expressed in the article do not necessarily represent the views of the DOE or the U.S. Government.
The FY 2023 baseline assumes a representative wind turbine of 3.3 MW, 148 m (RD), 100 m (HH), and the FY 2035 target assumes a turbine of 6 MW, 170 m (RD), 115 m (HH). The land-based wind GPRA baseline value starts at $39/MWh (in 2022 USD) set in FY 2023, using the 2022 reference project data.
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