Renewable energy is the future of the energy industry, and the U.S. Energy Information Administration has projected that by 2050, 45% of global energy generation will be through the use of renewables. There are a variety of different renewable energy sources to use, each with their own pros and cons. One con of some of these systems is the high price tag, but other options are much more affordable. According to this chart from SolarPower.Guide that ranks twelve different types of renewable energy by their cost per megawatt hour (Mwh), standalone solar is the most affordable option. It has the lowest costs of the twelve renewable sources. The base cost was found to be $23.52 per MWH and the levelized cost of electricity per MWh was $32.78. Geothermal and onshore wind were a close second and third place. On the other end of the spectrum, offshore wind was found to have the highest costs per megawatt hour.
Infographic by: solarpower.guide