| Load Profiles | |||
A | B | C | D | |
Annual electricity charge without solar | $2435.16 | $2421.54 | $2159.35 | $2417.39 |
Annual electricity charge with solar | $1358.39 | $1634.15 | $1084.86 | $1487.98 |
Annual avoided electricity charge (years 6 - 25) | $1076.77 | $787.39 | $1074.48 | $929.41 |
Glide path credit for first 5 years (for installations in 2023) | 158.09 | 211.65 | 154.90 | 190.00 |
Cost of solar installation after tax credit | $8868.14 | |||
Solar Installation in 20233 | ||||
Payback Period (years)4 | 7.67 | 9.93 | 7.70 | 8.66 |
Net present value at discount rate of 4.49% | $7809.03 | $3748.86 | $7761.15 | $5761.95 |
Net present value at discount rate of 6.49% | $4935.43 | $1625.02 | $4894.32 | $3269.04 |
Internal rate of return | 12.25% | 8.54% | 12.20% | 10.44% |
Solar Installation in 2025 | ||||
Payback Period (years) | 7.89 | 10.42 | 7.91 | 8.99 |
Net present value at discount rate of 4.49% | $7531.34 | $3377.11 | $7489.07 | $5428.21 |
Net present value at discount rate of 6.49% | $4672.57 | $1273.11 | $4636.76 | $2953.12 |
Internal rate of return | 11.86% | 8.06% | 11.82% | 10.00% |
Solar Installation in 2028 | ||||
Payback Period (years) | 8.24 | 11.26 | 8.25 | 9.54 |
Net present value at discount rate of 4.49% | $7114.81 | $2819.47 | $7080.95 | $4927.60 |
Net present value at discount rate of 6.49% | $4278.27 | $745.24 | $4250.42 | $2479.24 |
Internal rate of return | 11.31% | 7.38% | 11.28% | 9.36% |