How Much Does Solar and Wind Power Cost? A 2026 Comparative Analysis
Solar and wind power have crossed a decisive threshold: they’re now the cheapest sources of new electricity generation. In 2024, onshore wind delivered energy at a global weighted average of $0.034 per kilowatt-hour, while solar PV came in at $0.043 per kWh. For context, utility-scale solar projects currently range from $24 to $96 per megawatt-hour, and onshore wind sits between $24 and $75 per megawatt-hour. Compare that to combined-cycle natural gas at $51 to $129 per MWh, and the financial case becomes clear.
This shift represents more than incremental improvement. Lazard’s 2026 analysis confirms that renewables …
