Lazard's levelized cost of energy shows that solar and wind technologies are dropping in price. SECO partners with Texas local governments, county governments, public K-12 schools, public institutions of higher. Programs State Energy Conservation Office. With a broader definition of costs, low- carbon technologies would perform even better than fossil fuels. It doesn’t, for example, include what economists call externalities, such as the cost of air pollution or climate change impacts. Moreover, wind and solar costs are projected to steeply decline in the years ahead. How do renewable sources, such as solar and wind, stack up against fossil fuels, such as coal and natural gas? How much will it cost utilities and ratepayers to build-and operate-a new power plant? The data show that utility- scale solar and wind installations are now competitive with conventional coal- and gas- fired power plants. Comparing the levelized cost of energy technologies**UPDATE: We have updated the following graphs and analysis in a new article, Wind and solar are our cheapest electricity sources – now what do we do?, to reflect the latest data in Lazard’s 2.
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