There is no additional charge for AWS CloudFormation. You pay for AWS resources (for example, Amazon EC2 instances, Elastic Load Balancing load balancers, and so on) created using CloudFormation as if you created them by hand.

Is CloudFormation open source?

CloudFormation is a service offered by AWS for free. The AWS support plans include support for CloudFormation. Terraform is an Open Source project. Hashicorp, the company behind Terraform, is offering support plans as well.

Is Amazon Web services free?

The AWS Free Tier provides customers the ability to explore and try out AWS services free of charge up to specified limits for each service. The Free Tier is comprised of three different types of offerings, a 12-month Free Tier, an Always Free offer, and short term trials.