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US Solar Capacity219 GW+17% YoY
US Wind Capacity153 GW+4% YoY
Residential ITC (Sec. 25D)Expired12/31/2025
Global Renewables Share30.8%+1.6pp YoY
US Grid Carbon368 g/kWh-3.1% YoY
100% Renewable Countries7ALB BTN ETH ISL NPL PRY COD
US Solar Capacity219 GW+17% YoY
US Wind Capacity153 GW+4% YoY
Residential ITC (Sec. 25D)Expired12/31/2025
Global Renewables Share30.8%+1.6pp YoY
US Grid Carbon368 g/kWh-3.1% YoY
100% Renewable Countries7ALB BTN ETH ISL NPL PRY COD
GridBasics
Energy, made simple
← Myth EngineTopic · economy
Verdict · False

"Renewable energy is too expensive."

The Data

Here's what it actually shows.

Levelized cost — utility solar
$29–92 / MWh
Source · Lazard LCOE 2024
Levelized cost — onshore wind
$27–73 / MWh
Source · Lazard LCOE 2024
Levelized cost — new gas combined cycle
$45–108 / MWh
Source · Lazard LCOE 2024
Solar module price drop (2010–2024)
−89%
Source · IRENA
Sources

Go read the receipts.

Related

Other myths in economy

Verdict · Mixed

"Going solar only helps rich people."