Wind is a credible source of new electricity generation in the United States. Wind power comprised 43% of all new U.S. electric capacity additions in 2012 and represented $25 billion in new investment. Wind power currently contributes more than 12% of total electricity generation in nine states (with three of these states above 20%), and provides more than 4% of total U.S. electricity supply. Source: 2012 Wind Technologies Market Report (PDF 3.4 MB).
Wind energy prices have dropped since 2009 and now rival previous lows. Lower wind turbine prices and installed project costs, along with improved capacity factors, are enabling aggressive wind power pricing. After topping out at nearly $70/megawatt-hour in 2009, the average levelized long-term price from wind power sales agreements signed in 2011/2012 – many of which were for projects built in 2012 – fell to around $40/megawatt-hour nationwide.