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combined cycle plants were the cheapest, with a construction cost of 948 U.S. dollars per kilowatt of nameplate capacity.
Biomass is the energy source with the greatest construction cost per kilowatt of installed nameplate capacity in the United States in 2020. That year, newly installed biomass generators cost an average 2,886 U.S. dollars per kilowatt. Solar was the second most expensive energy source, with an average cost of 1,655 U.S. dollars per kilowatt. By comparison, battery storage had the cheapest construction cost, with an average of 758 U.S. dollars per kilowatt. From various natural gas plants, Average construction costs of installed electric generators in the United States in 2020, by energy source (in U.S. dollars per kilowatt)
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EIA. (August 23, 2022). Average construction costs of installed electric generators in the United States in 2020, by energy source (in U.S. dollars per kilowatt) [Graph]. In Statista. Retrieved May 15, 2024, from https://www.statista.com/statistics/1154169/installed-electric-generator-construction-cost-in-the-us-by-source/
EIA. "Average construction costs of installed electric generators in the United States in 2020, by energy source (in U.S. dollars per kilowatt)." Chart. August 23, 2022. Statista. Accessed May 15, 2024. https://www.statista.com/statistics/1154169/installed-electric-generator-construction-cost-in-the-us-by-source/
EIA. (2022). Average construction costs of installed electric generators in the United States in 2020, by energy source (in U.S. dollars per kilowatt). Statista. Statista Inc.. Accessed: May 15, 2024. https://www.statista.com/statistics/1154169/installed-electric-generator-construction-cost-in-the-us-by-source/
EIA. "Average Construction Costs of Installed Electric Generators in The United States in 2020, by Energy Source (in U.S. Dollars per Kilowatt)." Statista, Statista Inc., 23 Aug 2022, https://www.statista.com/statistics/1154169/installed-electric-generator-construction-cost-in-the-us-by-source/
EIA, Average construction costs of installed electric generators in the United States in 2020, by energy source (in U.S. dollars per kilowatt) Statista, https://www.statista.com/statistics/1154169/installed-electric-generator-construction-cost-in-the-us-by-source/ (last visited May 15, 2024)
Average construction costs of installed electric generators in the United States in 2020, by energy source (in U.S. dollars per kilowatt) [Graph], EIA, August 23, 2022. [Online]. Available: https://www.statista.com/statistics/1154169/installed-electric-generator-construction-cost-in-the-us-by-source/