Investment and view damage costs are important determinants in siting locations for OWF in theLake Michigan region. This study is limited to the Michigan state boundary for the OWF sitesand viewshed impacts. Investment cost depends on the depth and distance to shore of the farm.View damage cost depends on household density and consumer willingness to pay to avoid thevisual disamenity of wind turbines. Both these costs are dependent on the geographic locationand are summed to create an aggregate cost. The view damage cost contributes at most 68% buton average 7% to the aggregate cost. The aggregate levelized cost of energy (LCOE) ranges from183 to 368 $/MWh (average of 256 $/MWh). The view damage LCOE contribution to theaggregate LCOE is 3% on average and 46% at most. View damage impact is the dominatingfactor only around a small shoreline region (due to large impacted populations). A series of mapsare presented that highlight the investment and view damage tradeoffs which can inform OWFsiting in Lake Michigan
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Investment Cost and View Damage Cost of Siting an Offshore Wind Farm: A Spatial Analysis of Lake Michigan