Which of the following would lower the levelized cost of energy (LCOE) for a project? Select all that apply.(1 point) Responses increase total production increase total production decrease total production decrease total production increase capital expenses increase capital expenses decrease capital expenses decrease capital expenses keep capital expenses less than total production

Answer 1

To lower the levelized cost of energy (LCOE) for a project, you would want to focus on increasing total production and decreasing capital expenses. Therefore, the correct options that would lower LCOE are:

1. Increase total production
2. Decrease capital expenses
3. Keep capital expenses less than total production

Whichever method leads to a lower cost per unit of energy produced will help in reducing the overall LCOE.