A lot of the problem is the relatively high uncertainty in if an exploratory drill hole will yield adequate temperatures to produce energy at the depths that are affordable. Those levelized costs are for successful drilling sites which then go on to be exploited for geothermal energy, and don't take into account explorations which are unproductive. We really don't have fine resolution imaging which would allow us to know exactly where to drill, and the imaging techniques we do have don't distinguish between if an area is warmer/cooler than its surroundings or if the mineralogy is just different. Power companies don't like capital expenditure without knowing what the return will be, when they could just build a power plant with guaranteed returns. We could just target hot springs, and Mid-Ocean Ridges (MORs) like Iceland, however as previously noted these sites typically are not conveniently located and incur power distribution costs not captured in the cost estimates cited above.
Additionally a geothermal site doesn't produce perpetual energy, unless you are located on an MOR Iceland where you have a continuous flux of magma upwelling, or a hot spring (still not perpetual, but you have a hydrothermal system helping enhance upward heat flow). Rocks have a relatively low specific heat (~0.2 c/g), and have low conductivity, so it really isn't too hard to cool the area immediately around the drilling site faster than the surrounding rocks can transmit energy into the boring site. As a result most successful geothermal plants have a life expectancy of 30 years, unless you're on a MOR like Iceland. If we could go to 10 km like the map someone posted above, geothermal would be a sure thing. However, it is immensely more difficult to design a system that can withstand several kilobars of vertical pressure than it is to build a container under conditions of one bar and send it into a vacuum without it bursting (Apollo program). We would need metastable materials that are able to exist at those temperatures and pressures. metamorphic rocks exist because that is not common in or outside of nature.
-A geologist with energy policy work experience.