PV’s levelized cost drops to 11.5 cents per kWh with incentives

Posted on January 25, 2012. Filed under: Energy Policy, General, Solar | Tags: , |


An analysis by Don Wichert, Director, Renewable Energy Services,
Wisconsin Energy Conservation Corporation (WECC):

My recent (simplified) levelized cost analysis for commercial PV, at $5,252 a kW installed in WI, over 25 years and with a 5% loan (no shading, no maintenance, no output degradation), is 13.8 cents per kWh as shown on the slide below. This includes a 56% reduction in the installed price due to the ITC and depreciation. With the previously available $600 a kW Focus base incentive, the levelized cost drops to 11.5 cents per kWh.

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