|Lie much George? |
Here's a basic set of LCOE Assumptions:
System Price: 1500 GBP/kW
System Life: 30 years
Performance in First Year: 837 kWh/kWp
Performance Degredation Rate: .5% per year
Annual O&M: 10 GBP/kW
O&M Inflation Rate: 2%
Inverter Replacement Year: 15
Inverter Replacement Cost: 100 GBP/kW
Percentage Financed: 0% All Cash Deal
Discount Rate: 5%
If you plug these numbers into an LCOE calculator you come up with 14ish cents/kWh for your solar electricity costs. That's about a penny cheaper than the current retail price of electricity in London.
Leggett won the bet.