J
James Arthur
It'd be nice. I wonder when it will get below, say, $1/KW.
Cheers!
Rich
In an effort to nail the thing down a little better I wrote a computer
model last night. Assumptions make all the difference, but just for
an example...
Assuming: (view in Courier)
initial system cost = $3/watt
solar cell + inverter cost = $2.50/watt
battery cost per system watt = $0.50 (probably too low)
battery life = 8 years
solar cell life = 25 years
inflation = 3.5%
interest rate = 6%
value of electricity = $0.14/kWh, rising at inflation rate
300 solar days per year
94% of solar power delivered to loads (i.e., wiring+converter
efficiency).
100% utilization of power generated (i.e. all is either used or sold
for full retail price)
100% battery efficiency
Results:
At the end of 25 years the system will be approximately used up.
As a consumer you will have gotten the value of the electricity
produced, and have $0.51 per watt in your pocket, a yield of about
0.6% on the investment.
Comment: a system without batteries that sells excess power on the
grid during daylight hours would cost less and return more.
With the same assumptions as above, a no-battery system would leave
you with $4.79 per watt in your pocket after 25 years, which,
including the value of kWh consumed, gives a yield of 4.38%
Cheers,
James Arthur