Cost Calculator For Residential Solar PV

Instructions:
1. Enter parameters in blue shaded cells [A38-A43] (parameters there now are for a 10 kW (AC) system)
2. Adjust price in green shaded cell [A47] until two figures in pink cells [A45-A46] are equal (or nearly so)
3. Price in green cell [A47] is the levelized real cost per kWh to consumer of solar PV power
YEAR

Cost
Real Interest 34,268.52
Inverter Price
0 34,244.61
0.05 32,000.00
0.185 2,500.00
14,201 2,557.62
2,450.00
14,059 2,411.47
2,401.00
13,917 2,273.44
2,352.98
13,775 2,143.09
2,305.92
13,633 2,019.99
2,259.80
13,491 1,903.76
2,214.61
13,349 1,794.02
2,170.31
13,207 1,690.42
1,439.57 2,126.91 2,126.91
13,065 1,592.61
2,084.37
12,923 1,500.28
2,042.68
12,781 1,413.14
2,001.83
12,639 1,330.89
1,961.79
12,497 1,253.28
1,922.56
12,355 1,180.03
1,884.10
12,213 1,110.92
1,846.42
12,071 1,045.72
828.95 1,809.49 1,809.49
11,929
984.21
1,773.30
11,787
926.18
1,737.84
11,645
871.45
1,703.08
11,503
819.83
1,669.02
11,361
771.15
1,635.64
11,219
725.25
1,602.93
11,077
681.97
1,570.87
10,935
641.17
1,539.45
10,793
602.71
1,508.66

KwH
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

0.02

312,420 = total lifetime kWh produced

1.62
1%
5%
32,000.00
2,500.00
2%

=average AC hourly power production of PV installation when new (averaged over ALL hours of the year)
=annual decline in PV panel production (as percentage of production when new)
= real interest rate
= cost to consumer of original PV installation
= cost of inverter replacement today
= real annual decline in inverter cost

34,268.52 = net present total cost of PV installation

34,244.61 = net present total cost of PV power
0.18455 = leveling real cost per kWh of PV power to consumer

hours of the year)

Cost Calculator For Residential Solar PV

Instructions:
1. Enter parameters in blue shaded cells [A38-A43] (parameters there now are for a 2 kW (DC) system)
2. Adjust price in green shaded cell [A47] until two figures in pink cells [A45-A46] are equal (or nearly so)
3. Price in green cell [A47] is the levelized real cost per kWh to consumer of solar PV power
YEAR

KwH
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

0
2840.184
2811.782
2783.38
2754.978
2726.577
2698.175
2669.773
2641.371
2612.969
2584.567
2556.166
2527.764
2499.362
2470.96
2442.558
2414.156
2385.755
2357.353
2328.951
2300.549
2272.147
2243.745
2215.344
2186.942
2158.54

Cost
Real Interest $18,175.93
Inverter Price
$18,185
0.05 $15,000.00 $0.4900 $3,500.00
$1,358.15
$3,430.00
$1,280.54
$3,361.40
$1,207.24
$3,294.17
$1,138.02
$3,228.29
$1,072.66
$3,163.72
$1,010.94
$3,100.45
$952.66
$3,038.44
$897.65
$2,015.40 $2,977.67 $2,977.67
$845.71
$2,918.12
$796.68
$2,859.75
$750.41
$2,802.56
$706.73
$2,746.51
$665.52
$2,691.58
$626.62
$2,637.75
$589.92
$2,584.99
$555.30
$1,160.53 $2,533.29 $2,533.29
$522.63
$2,482.63
$491.82
$2,432.97
$462.76
$2,384.31
$435.35
$2,336.63
$409.50
$2,289.90
$385.12
$2,244.10
$362.14
$2,199.22
$340.47
$2,155.23
$320.05
$2,112.13

0.02

62484.05 = total lifetime kWh produced

0.324
1%
5%
$15,000
$3,500
2%

=average AC hourly power production of PV installation when new (averaged over ALL hours of the year)
=annual decline in PV panel production (as percentage of production when new)
= real interest rate
= cost to consumer of original PV installation after rebates and tax credits
= cost of inverter replacement today
= real annual decline in inverter cost

$18,176
= net present total cost of PV installation
$18,185
= net present total cost of PV power
0.49 = leveling real cost per kWh of PV power to consumer

LL hours of the year)