Please share far and wide!

Search This Blog

Sunday, March 25, 2012

Solar Estimate for anti-radiation Fan

Luck bucket, our three tier system here is horrible. I live in the geothermal capital of the US and we pay 1.12 to 3.17 per kilowatt hr. Once you go over your baseline they literally rape us. I've got to go solar.

Most people don't know just how affordable solar is.   So I had a pretty darn accurate cost and savings estimate done for him.   

Here is an insolation map

Cali Insolation Data

There is a real easy way to calculate energy production by just knowing the isolation either in sun-hours or kWH/m2/day.   It is not tricky at all, you can do all kind of calcs by day of year, time of day, tilt of panels, compass angle of panels,   BUT all that is unnecessary in order to analyze solar as an investment and to get a good annual average.

Sunhours * # of PV Panels * Panel Rated DC Watts *.824 = kWH per day

VERY VERY simple

Fed has tax credit of 30%, very simple

Different areas and states have various incentives
Expected Performance-Based Buydowns for systems under 30 kW began in 2007 at $2.50/W AC for residential and commercial systems (adjusted based on expected performance) and $3.25/W AC for government entities and nonprofits (adjusted based on expected performance). The incentive levels decline as the aggregate capacity of PV installations increases. Incentives will be awarded as a one-time, up-front payment based on expected performance, which is calculated using equipment ratings and installation factors such as geographic location, tilt, orientation and shading. Click here for current incentive levels for each utility. Systems under 30 kW also have the option of opting for a performance-based incentive rather than the incentive based on expected performance.

At around 3.8kWAC for my proposed system, they could receive State incentive of
3800*2.5 = $9,680

See proposal, net cost around $7000
Annual Production around 7350 kWH
At his really high rates, that is a savings of $8,230 per year
Total Lifetime system production 
205230  kwh total produced    

$7000 system cost / 205230 = 3.4 cents per kWH

Annual rate of return on investment around 124% (compared that to 3% on a 10 year T bill)

And its an inflation hedge, against oil and nuke cost riders.

What part of no brainer does this take to understand?   No evacuation zone.

No comments:

Post a Comment

Insightful and Relevant if Irreverent Comments