Ideal Estimated Savings
Assumptions:
Potential Savings from 88 solar panels = $300,000
Potential Savings from each solar panels = $300,000/88= $3409.09
Potential Savings from 2961 solar panels = $3409.09 x 2691= $9,173,861.19
Net Gain = Total Potential Savings – Total Cost of Project + Investment Tax Credit
Net Gain = $9,173,861.19 - $5,697,771.3 + $1,375,881.59 = $4,851,971.48
- Cleaning maintenance on the solar arrays are done regularly.
- The solar panels remain above 85% efficiency within 30 years.
Potential Savings from 88 solar panels = $300,000
Potential Savings from each solar panels = $300,000/88= $3409.09
Potential Savings from 2961 solar panels = $3409.09 x 2691= $9,173,861.19
Net Gain = Total Potential Savings – Total Cost of Project + Investment Tax Credit
Net Gain = $9,173,861.19 - $5,697,771.3 + $1,375,881.59 = $4,851,971.48
Experimental Estimated Savings
This calculation uses real data found in the previous section.
Experimental Power generated by 1 solar panel annually = 238.6 kWh
Ideal Power generated by 1 solar panel annually = 23,600KWh/88= 268.18 kWh
Percentage in differences: [238.6kWh - 268.18 kWh]/[238.6kWh ]x100%= -12.4%
Ideal Saving= $9,173,861.19
Experimental Saving = $9,173,861.19+ $9,173,861.19x (-.124) = $8,036,302.402
Net Gain = Total Potential Savings – Total Cost of Project + Investment Tax Credit
Net Gain = $8,036,302.402 - $5,697,771.3 + $1,375,881.59= $3,714,412.692
Experimental Power generated by 1 solar panel annually = 238.6 kWh
Ideal Power generated by 1 solar panel annually = 23,600KWh/88= 268.18 kWh
Percentage in differences: [238.6kWh - 268.18 kWh]/[238.6kWh ]x100%= -12.4%
Ideal Saving= $9,173,861.19
Experimental Saving = $9,173,861.19+ $9,173,861.19x (-.124) = $8,036,302.402
Net Gain = Total Potential Savings – Total Cost of Project + Investment Tax Credit
Net Gain = $8,036,302.402 - $5,697,771.3 + $1,375,881.59= $3,714,412.692