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Unsubsidized wind projects generally have a lower levelized cost of energy (LCOE) compared to new coal plants.

For example, the LCOE of unsubsidized wind projects ranges from $32-$62/MWh, while coal costs between $57-$148/MWh.

Analyses find that new wind energy is generally cheaper than natural gas when compared based on new build out capacity.

Natural gas power plants typically have lower installation costs than wind turbines. For instance, a natural gas plant might cost $1 million to $1.5 million per megawatt, while a wind turbine might cost $1.3 million to $2.2 million per megawatt however the price of natural gas can be volatile, which is a factor in the overall cost of electricity generation.

Capital costs
For power generation capacity, capital costs are often expressed as overnight cost per kilowatt. Estimated costs per kW least to most:
Type US U.S. Energy Information Administration 2022
Solar photovoltaic $1,327
Wind power $1,718
Distributed generation (wind) $1,731–2,079
Solar PV with storage $1,748
Internal combustion engine $2,018
Geothermal power $3,076
Hydropower, conventional $3,083
Coal power $4,074
Biomass $4,524
Wind, offshore $4,833–6,041
Coal with 90% carbon capture $6,495–6,625
Nuclear $6,695–7,547
Solar thermal/concentrated $7,895