To estimate a simple cost of energy, NREL prepared a simple energy cost calculator that allows the comparison of the combination of:
- Capital Cost ($/kW)
- Capacity Factor (%)
- Fixed O&M Cost ($/kW-yr)
- Heat Rate (Btu/kWh)
- Fuel Cost ($/MMBtu)
The calculation does not include discount issues, financing issues or degradation costs, etc.
Using the slider controls to adjust the values, the calculator estimates the Capital Recovery Factor and Simple Levelized Cost of Energy (cents/kWh).
Supporting Data for Energy Technology Costs and Energy Technology Cost Charts Only can be downloaded as Excel or Powerpoint file.