Quantity | Unit | Total | |
---|---|---|---|
INITIAL SYSTEM COST | |||
Installed Capacity | 10 | MW | |
panel purchase and installation | 4 | $/W | |
Initial System Cost Total | $ | 40,000,000 | |
OTHER COSTS | |||
Land Area | 17.29 | acre | |
Land Rent | 200 | $/acre/month | |
Land Cost Total | $/yr | 41,496 | |
Application Cost | $ | 5,000 | |
OM COSTS | |||
% of Installation Costs | 1 | % | |
OM Annual Total | $ | 400,000 | |
ANNUAL PRODUCTION | |||
Installed Capacity | 10 | MW | |
Mean daily global insolation in Toronto Area | 4 | kWh/m2 | |
Total Energy received annually | kWh/m2/yr | 1,394 | |
PV moduel efficiency | 16 | % | |
Total Annual DC output | kWh/m2/yr | 251 | |
DC to AC conversion factor | 90 | % | |
Estimated actual Annual output | kWh/m2/yr | 226 | |
Area of modules needed to provide this rated capacity | 70,000 | m2 | |
Estimated annual kilowatt hours | kWh/yr | 14,069,261 | |
Ontario FIT rates | 0.44 | </kWh | |
Estimated Annual Income | $/yr | 6,232,683 | |
Annual Interest rate | 5.0 | % |