Renewable Energy Cost Modeling. A Toolkit for Establishing Cost-Based Incentives in the United States
- Sustainable Energy Advantage, LLC, Framington, MA (United States)
- Meister Consultants Group, Inc., Boston, MA (United States)
This report serves as a resource for policymakers who wish to learn more about levelized cost of energy (LCOE) calculations, including cost-based incentives. The report identifies key renewable energy cost modeling options, highlights the policy implications of choosing one approach over the other, and presents recommendations on the optimal characteristics of a model to calculate rates for cost-based incentives, FITs, or similar policies. These recommendations shaped the design of NREL's Cost of Renewable Energy Spreadsheet Tool (CREST), which is used by state policymakers, regulators, utilities, developers, and other stakeholders to assist with analyses of policy and renewable energy incentive payment structures. Authored by Jason S. Gifford and Robert C. Grace of Sustainable Energy Advantage LLC and Wilson H. Rickerson of Meister Consultants Group, Inc.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Wind Program (EE-4W) (Wind Program Corporate)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1219218
- Report Number(s):
- NREL/SR-6A20-51093; 5152
- Country of Publication:
- United States
- Language:
- English
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