Suppose: Average Electricity Consumption of Fossil Fuel: 3,833kWh per year. Average Electricity Rate: 26.3 usd/kWh. Price Level is the Same for Next 30 years. The System Size of New Solar Installation: 5kW Capacity factor: 13.7% Duration: 30 years Electricity Output Drop Every Year: 0.5% 30% of Solar Output is Used 70% is Sold Revenue: 17 usd/kWh for the First 10 years 9.5 usd/kWh for the Following 20 years. Initial Cost of Solar Installation is 280,000 usd per kW ( 5
Suppose: Average Electricity Consumption of Fossil Fuel: 3,833kWh per year. Average Electricity Rate: 26.3 usd/kWh. Price Level is the Same for Next 30 years. The System Size of New Solar Installation: 5kW Capacity factor: 13.7% Duration: 30 years Electricity Output Drop Every Year: 0.5% 30% of Solar Output is Used 70% is Sold Revenue: 17 usd/kWh for the First 10 years 9.5 usd/kWh for the Following 20 years. Initial Cost of Solar Installation is 280,000 usd per kW ( 5
Introductory Circuit Analysis (13th Edition)
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ISBN:9780133923605
Author:Robert L. Boylestad
Publisher:Robert L. Boylestad
Chapter1: Introduction
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Suppose: Average Electricity Consumption of Fossil Fuel: 3,833kWh per year.
Average Electricity Rate: 26.3 usd/kWh.
Price Level is the Same for Next 30 years.
The System Size of New Solar Installation: 5kW Capacity factor: 13.7%
Duration: 30 years
Electricity Output Drop Every Year: 0.5%
30% of Solar Output is Used 70% is Sold
Revenue: 17 usd/kWh for the First 10 years
9.5 usd/kWh for the Following 20 years.
Initial Cost of Solar Installation is 280,000 usd per kW ( 5kW system costs 5 times 28,000 usd)
Maintenance Cost Every 4 Years: 29,000 usd.
Component Replacement Cost Every 20 Years: 224,000 usd.
Calculate the Levelized Cost of Electricity (LCOE) at Discount Rates at 2%. Show work.
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