Answer: LCOE, or levelized cost of energy is a term which describes the cost of the power produced by solar over a period of time, typically the warranted life of the system. By purchasing solar you are essentially creating a hedge against rising utility costs by fixing the per kWh rate at a known cost. The levelized avoided cost of electricity (LACE) represents that power plant's value to the grid. A generator's avoided cost reflects the costs that would be incurred to provide the electricity displaced by a new generation project as an estimate of the revenue available to the plant.
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