Solar electricty Calculator www.piggybankbudget.

com
System Variables
Daily average system output (kWh) 5.00
Charge for electrictity consumed from grid ($/kWh) $0.22
Income for electricity fed back into Grid ($/kWh) $0.08
Direct savings / Income from system
% fed into Grid
25.00% 50.00%
Daily savings from kWh produced by solar and consumed $0.83 $0.55
Daily income from kWh produced by solar fed into grid $0.10 $0.20
Total Daily Savings / Income $0.93 $0.75
Annual Saving / Income (before finance costs) $337.63 $273.75
Finance
Deposit $300.00
Interest rate 6.85%
Principal $1,600.00
Term (Months) 36
Repayments / Month $49.29
Total Repayments Annually $591.52
How long before system pays for itself?
% fed into Grid 25.00% 50.00%
Years before system pays for itself 6.14 7.58
Notes for Use:
The cells with a grey background are variables you can edit. Other cells
contain formula so should not be edited.
The finance calculation is based on a fairly basic loan type with interest
calculated and charged monthly. This provides a good indication about
financial costs, but you may wish to consider the finance available to you in
more detail.
There may be other costs such as maintenance and degradation of the
performance of the system which you should ask your provider about
when making your decision.
75.00%
$0.28
$0.30
$0.58
$209.88
75.00%
9.88