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The top 5 signs that wind is becoming America’s most affordable energy choice

We already knew American wind power benefits our economy, since it supports over 80,000 American jobs, adds billions of dollars into local, state, and national economies, and keeps our air clean by displacing harmful carbon emissions. But recent news adds to the evidence that wind costs have declined significantly and the savings are being passed onto everyday utility ratepayers like you and me.

At the heart of this good news is the fact that wind turbine technology is improving. New technology means not only lower costs to produce wind turbines but also increased turbine productivity. The results of these improvements are seen in the comprehensive data collection of wind power costs in reports by Lazard, the Department of Energy, the Energy Information Administration, and comments made by top utility executives from around the country.

The secret is out so much that even the Wall Street Journal’s Ryan Tracy acknowledged that wind’s successes can be contributed to its increasingly low costs.

Here are the top 5 reasons we know wind is the becoming the most affordable choice for America:

1) New Lazard report shows impressive decline.

Released just last week, a new report by the financial services firm Lazard found wind’s costs have declined more than 50 percent over the past four years.

“Wind costs continue to decline; we estimate that the LCOE of leading technologies has fallen by more than 50% in the last four years. While many had anticipated significant declines in the cost of utility-scale solar PV, few anticipated these sorts of cost declines for wind technology.”

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