Calculate the all-in cost per MWh for any power generation technology. Use this to evaluate PPA proposals, compare procurement options, or benchmark project economics.
Select the generation type to auto-populate typical parameters. Adjust any input to match your project.
These drive the LCOE calculation. Defaults reflect current US market conditions.
IRA tax incentives reduce the effective cost of energy for eligible technologies.
How your calculated LCOE compares to industry ranges for this technology.
Component costs expressed as $/MWh contribution to total LCOE.
| Component | $/MWh |
|---|
Recent contracted PPA prices and capacity market clearing prices provide context for whether your project economics support a viable offtake strategy.
Sources: NREL Annual Technology Baseline 2024, EIA AEO 2025 Capital Cost Study, PNNL Energy Storage Cost Database 2024, PJM 2025/26 and 2027/28 BRA Results, ISO-NE FCA 19, CAISO 2025-26 RA pricing, MISO 2024 State of Market, Damodaran Sector Benchmarks (Jan 2025), Lazard LCOE+ v17. All figures are national ranges - regional pricing varies significantly by ISO/RTO, interconnection queue position, and offtaker credit quality. Capacity prices updated Mar 2026.
| Metric | Power | Utility | Green/Renew |
|---|---|---|---|
| WACC | 5.01% | 4.36% | 6.04% |
| Cost of Debt (after-tax) | 3.20% | 2.98% | 3.65% |
| D/E Ratio | 82.1% | 68.7% | 51.4% |
| Unlevered Beta | 0.48 | 0.33 | 0.68 |
| EBITDA Margin | 36.2% | 33.5% | 44.1% |
| Credit Profile | Spread | All-in Rate | Min DSCR |
|---|---|---|---|
| IG PPA, strong offtaker | 120-150 bps | 5.5-6.0% | 1.20x |
| Standard PPA, IG offtaker | 150-200 bps | 6.0-6.5% | 1.25x |
| Partial merchant | 250-350 bps | 7.0-8.0% | 1.35x |
| Full merchant | 350-500 bps | 8.0-9.5% | 1.50x+ |
Want regional detail? These are national ranges. PPA pricing, capacity values, and financing terms vary dramatically by ISO region, node, vintage, credit structure, and deal size. If you are evaluating a specific project, structuring an offtake, or modeling a financing, we can run the numbers against your actual market conditions.
Whether you are evaluating PPA offers, sizing a capacity position, comparing build vs. buy, or structuring a financing - we model the full picture so you can negotiate from a position of strength.
Book a Free Assessment →