Levelized cost of electricity

With increasingly widespread implementation of renewable energy sources, costs have declined, most notably for energy generated by solar panels.
Levelized cost of energy (LCOE) is a measure of the average net present cost of electricity generation for a generating plant over its lifetime.

The levelized cost of electricity (LCOE) is a measure of the average net present cost of electricity generation for a generator over its lifetime. It is one of several cost metrics used for investment planning and to compare different methods of electricity generation on a consistent basis.

The more general term levelized cost of energy may include the costs of either electricity or heat. The latter is also referred to as levelized cost of heat or levelized cost of heating (LCOH), or levelized cost of thermal energy.

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