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Posted July 16, 2021 Today in Energy

Average U.S. construction costs for solar generation continued to fall in 2019 ›

The annual capacity-weighted average construction costs for solar photovoltaic systems in the United States continued to decrease in 2019, dropping by a little less than 3%, according to our latest data on newly constructed utility-scale electric generators. The average costs for wind turbines remained relatively stable in 2019, increasing $9 per kilowatt (kW), or a little less than 1% from the 2018 average. Costs for natural gas-fired generators had the largest change from 2018 to 2019, increasing $241/kW, or almost 29%. More

capacity-weighted average construction costs, by technology type

Source: U.S. Energy Information Administration, Electric Generator Construction Costs

Data Highlights

WTI crude oil futures price

7/15/2021: $71.65/barrel

down$1.29 from week earlier
up$30.45 from year earlier

Natural gas futures price

7/15/2021: $3.614/MMBtu

down$0.074 from week earlier
up$1.836 from year earlier

Weekly coal production

7/10/2021: 10.320 million tons

down1.550 million tons from week earlier
up1.215 million tons from year earlier

Natural gas inventories

7/9/2021: 2,629 Bcf

up55 Bcf from week earlier
down543 Bcf from year earlier

Crude oil inventories

7/9/2021: 437.6 million barrels

down7.9 million barrels from week earlier
down94.1 million barrels from year earlier