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Solar Technology Investment Decision Calculator

(Only update yellow fields!


Calculate the cost of your current electricity usage
Electricity cost per average Invoice (Total $'s)
Supply period (Day's)
Average daily consumption in Units
Total Units
Electricity cost per Unit
Estimated Annual Consumption in Units
Estimated Annual Consumption in $'s

$301.00 Simply look at your invoices & average for the ye


64
31
1984
$0.20 Assumption is that units represent KW/hrs
11315
$2,263

Hardware & Installation Once of Cost


KW/Hr system
Cost of roof gear & instal

2
$15,490 http://www.solarpanelrebate.com.au/home-solar-

Either
% rebate
Or
Fixed $ rebate (Use the $ value provided by the govt
Total instal cost after rebate

0%
$8,000.00
$7,490

Average peak sun hours per day


Total average annual solar KW generated by solar array
$ value of electricity generated

5.6
4088
$613.20

Discounted Net present value of the investment over 10 years


Yr
Cost
Earned
Used
Total
NPV

0
-$7,490.00

$613.20
$613.20
$613.20
-$2,263.00 -$2,263.00 -$2,263.00
-$7,490.00 -$1,649.80 -$1,649.80 -$1,649.80
Discount rate based on term deposit opportunity cost
-$17,185.46

Discounted Net present value of relying on the grid & investing in a term deposit that pays interest annually and repay
0
1
2
3
Cost
-$7,490.00
Earned
$599.20
$599.20
$599.20
Used
-$2,263.00 -$2,263.00 -$2,263.00
Total
-$7,490.00
-1662.8
-1661.8
-1660.8
NPV
-$7,662.23

Consider investing if your investment in solar generates a higher net present value compared with simply leaving you

ices & average for the year

s represent KW/hrs

bate.com.au/home-solar-systems-2Kw.htm

10

$613.20
$613.20
$613.20
$613.20
$613.20
$613.20
-$2,263.00 -$2,263.00 -$2,263.00 -$2,263.00 -$2,263.00 -$2,263.00
-$1,649.80 -$1,649.80 -$1,649.80 -$1,649.80 -$1,649.80 -$1,649.80
opportunity cost
8.00%

$613.20
-$2,263.00
-$1,649.80

erest annually and repays principal after 10 years


4
5
6

$599.20
$599.20
$599.20
$599.20
$599.20
$599.20
-$2,263.00 -$2,263.00 -$2,263.00 -$2,263.00 -$2,263.00 -$2,263.00
-1659.8
-1658.8
-1657.8
-1656.8
-1655.8
-1654.8

with simply leaving your money in the bank to earn interest.

10
$7,490.00
$599.20
-$2,263.00
5836.2

Solar Technology Investment Decision Calculator


(Only update yellow fields!
Calculate the cost of your current electricity usage
Electricity cost per average Invoice (Total $'s)
Supply period (Day's)
Average daily consumption in Units
Total Units
Electricity cost per Unit
Estimated Annual Consumption in Units
Estimated Annual Consumption in $'s
Hardware & Installation Once of Cost
Average Roof Space in Sq/Mtrs
Cost of roof gear
Cost of instalation service
Either
% rebate
Or
Fixed $ rebate (Use the $ value provided by the govt
Total instal cost
Average peak sun hours per day
Total average annual solar KW generated by solar array
$ value of electricity generated

$301.00
64
31
1984
$0.15
11315
$1,717

Input the characteristics of the pane


100
$39,506
$3,000

Panel
Therefore the number of panels that wi
Panels Required
$/Panel
Total Panel Cost
Wattage on panel

5%

$40,381
5.6
60562.963
$9,084.44

Discounted Net present value of the investment over 10 years


Yr
Cost
Earned
Used
Total
NPV

0
-$40,380.86

$9,084.44
$9,084.44
-$1,716.64
-$1,716.64
-$40,380.86 $7,367.80
$7,367.80
Discount rate based on term deposit opportunity cost
$8,386.76

Discounted Net present value of relying on the grid & investing in a term deposit that pays interest annually and re
0
1
2
Cost
-$40,380.86
Earned
$3,230.47
$3,230.47
Used
-$1,716.64
-$1,716.64
Total
-$40,380.86 1514.8285 1515.828511
NPV
$28,894.75
Consider investing if your investment in solar generates a higher net present value compared with simply leaving

put the characteristics of the panel

Total Sq
Meters
810
375
0.30375
herefore the number of panels that will cover the given roofspace
anels Required
329
120
tal Panel Cost
$39,506.17
attage on panel
90
mm

mm

10

$9,084.44
$9,084.44 $9,084.44 $9,084.44 $9,084.44 $9,084.44 $9,084.44 $9,084.44
-$1,716.64
-$1,716.64 -$1,716.64 -$1,716.64 -$1,716.64 -$1,716.64 -$1,716.64 -$1,716.64
$7,367.80
$7,367.80 $7,367.80 $7,367.80 $7,367.80 $7,367.80 $7,367.80 $7,367.80
m deposit opportunity cost
8.00%

t that pays interest annually and repays principal after 10 years


3
4
5
6

10
$40,380.86
$3,230.47
$3,230.47 $3,230.47 $3,230.47 $3,230.47 $3,230.47 $3,230.47 $3,230.47
-$1,716.64
-$1,716.64 -$1,716.64 -$1,716.64 -$1,716.64 -$1,716.64 -$1,716.64 -$1,716.64
1516.8285 1517.828511 1518.8285 1519.8285 1520.8285 1521.8285 1522.8285 41904.693

lue compared with simply leaving your money in the bank to earn interest.