America’s Cheapest Sources of Electricity in 2024

What We’re Showing

This dumbbell plot shows which sources of electricity are the most and least expensive in the United States; both with and without government subsidies. 

Key Takeaways

• Onshore wind’s minimum price is $0 with Inflation Reduction Act subsidies factored in.
• Gas peaking plants are the most expensive, with a maximum price of $228/MWh.
• The maximum costs of solar and wind still exceed coal and gas combined cycle if storage is included.

Read the full article on the Decarbonization Channel, sponsored by the National Public Utilities Council.