Wind power in the United States
The 2011 NREL report, "Large-Scale Offshore Wind Power in the United States", analyzes the current state of the offshore wind energy industry. According to the report, offshore wind resource development would help the country to achieve 20% of its electric power from wind by 2030 and to revitalize the manufacturing sector. Offshore wind could supply 54 gigawatts of capacity to the nation's electrical grid, thereby increasing energy security. It could also generate an estimated $200 billion in new economic activity and create thousands of permanent jobs. NREL’s report concludes that "the development of the nation’s offshore wind resources can provide many potential benefits, and that offshore wind energy could play a vital role in future U.S. energy markets".
Wind power in the United States
A 2012 report by a clean energy consulting group concluded that new wind farms can produce electric power in the 5-8 cents per kWh range, making wind power cost-competitive with fossil fuels in many areas. As of 2013, the US Energy Information Administration estimates the "levelized cost" of wind energy from new installations as 7 to 10 cents per kWh, depending on the geographic area, but cautioned that levelized costs of non-dispatchable sources such as wind should be compared to the avoided energy cost rather than the levelized cost of dispatchable sources such as natural gas, or baseload sources such as coal or geothermal. In 2015, a Koch-funded institute of Utah State University stated that the cost of wind energy is higher than most cost estimates calculate. Renewable portfolio standards require renewable energy to exist (most of them intermittent such as wind and solar), but at the expense of utilities and consumers.
The production tax credit makes wind power cheaper for utilities and consumers, but at the expense of taxpayers. The American Wind Energy Association has criticized the study of lacking comparison with pollution and subsidies incurred by other electric power sources, and for counting transmission as a cost rather than a benefit.