LCOE Calculator

By Greg T. Forcherio

Purdue University

Calculate the Levelized Cost of Energy of a facility or system over its lifetime.

Launch Tool

This tool version is unpublished and cannot be run. If you would like to have this version staged, you can put a request through HUB Support.

Archive Version 1.0.0
Published on 17 Jun 2011 All versions

doi:10.4231/D3125Q885 cite this

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This Levelized Cost of Energy calculator calculates the minimum base cost of energy suppled by a facility or system which must be charged to its suppliants, i.e. break even before profit. This takes into account capital costs of the facility/system, maitenance costs, yearly capacity, fuel costs (if any), supply rate, and the discount rate which you plan to sell the energy.
The program takes the user input specifications and outputs a number plot. Then, a single parameter can be changed incrementally (i.e. paramter sweep) and the number plot will graph all simulation results and display them together for LCOE as a function of a particular variable. This way, the importance of some parameters can be seen and just how drastic of changes it can have on the costs of the facility/system.

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Xufeng Wang (wang159)

Sponsored by

Network for Photovoltaic Technology
Purdue University


"Simple Levelized Cost of Energy (LCOE) Calculator Documentation," NREL: Energy Analysis, (accessed June 16, 2011).

Wikipedia contributors, "Capital recovery factor," Wikipedia, The Free Encyclopedia, (accessed June 3, 2010).

Wikipedia contributors, "Levelised energy cost," Wikipedia, The Free Encyclopedia, (accessed June 3, 2010).

Walter Short, Daniel J. Packey, and Thomas Holt, A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy TechnologiesPDF, NREL/TP-462-5173, March 1995.

Cite this work

Researchers should cite this work as follows:

  • Greg T. Forcherio (2014), "LCOE Calculator," (DOI: 10.4231/D3125Q885).

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