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
Electricity for Refrigeration, Heating, and Air Conditioning (MindTap Course List)
10th Edition
ISBN:9781337399128
Author:Russell E. Smith
Publisher:Russell E. Smith
Chapter2: Basic Electricity
Section: Chapter Questions
Problem 34RQ: What is the Btu/hour output of an electric heater rated at 15 kilowatts? a. 51.15 Btu/hour b. 51,150...
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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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