When comparing any LCOE against another (i.e., geothermal vs geothermal, geothermal vs natural gas), identical financing assumptions and LCOE equations must be made within each LCOE calculation to ensure honest comparability. For instance, for two estimates with identical capital costs, the LCOE increases by 60% when increasing the discount rate from 5% to 10%. The LCOE assumptions for common geothermal electricity models and the proposed "LIKELY" values for genGEO are given in Table . Lazard (2019) financing assumptions need to be used to directly compare to other LCOEs calculated with Lazard financing assumptions.