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In this study, an exergoeconomic analysis is performed on an integrated four-step thermochemical copper-chlorine cycle developed at the Ontario Tech. University through exergy, cost, energy, and mass (EXCEM) method. A thermodynamic model is first constructed in Aspen-plus (a process simulation software) to simulate and investigate the integrated cycle through exergy and energy analyses. The capital costs, thermodynamic loss rates, and the ratio of the thermodynamic loss rate to the capital cost of various system's components are also determined. Moreover, the average unit cost of hydrogen is evaluated and the influence of several system's parameters on the unit cost of hydrogen is analyzed. The results show that the cost of hydrogen is strongly dependent on the production capacity of the plant. Based on the analysis, our system generates hydrogen at an average unit cost of 5.54 $/kg with a plant capacity of 1619.3 kg/h considering both internal (operating and maintenance costs, etc.) and external (costs of various inputs, etc.) parameters. • Exergoeconomic analysis of a new thermochemical copper-chlorine cycle. • Application of the exergy, cost, energy, and mass (EXCEM) method. • The average unit cost of hydrogen estimated to be 5.54 $/kg. • Hydrogen production capacity of 1619.3 kg/h. [ABSTRACT FROM AUTHOR]