Collector Area (m2): 75.96 | Pay-back Time (yrs):8 | Initial Cost of Investment: 1,183,184.54 | |||||
Year | Fuel Savings | Extra Mortgage Payment | Extra Insurance, Maintenance, Energy | Extra Property Tax | Income Tax Savings | Solar Savings | Present Worth of Solar Saving |
0 | −118,318.45 | −118,318.45 | |||||
1 | 205,427.8 | −160,779.87 | −118,318.45 | 0 | 0 | −73,670.53 | −68,213.45 |
2 | 317,134.1 | −160,779.87 | −137,841 | 0 | 0 | 18,513.23 | 15,872.11 |
3 | 380,560.92 | −160,779.87 | −160,584.76 | 0 | 0 | 59,196.29 | 46,991.92 |
4 | 456,673.11 | −160,779.87 | −187,081.25 | 0 | 0 | 108,811.99 | 79,980.06 |
5 | 548,007.73 | −160,779.87 | −217,949.66 | 0 | 0 | 169,278.2 | 115,207.9 |
6 | 657,609.28 | −160,779.87 | −253,911.35 | 0 | 0 | 242,918.06 | 153,079.58 |
7 | 789,131.13 | −160,779.87 | −295,806.72 | 0 | 0 | 332,544.54 | 194,036.54 |
8 | 946,957.36 | −160,779.87 | −344,614.83 | 0 | 0 | 441,562.66 | 238,562.56 |
9 | 1,136,348.83 | −160,779.87 | −401,476.28 | 0 | 0 | 574,092.68 | 287,189.27 |
10 | 1,363,618.9 | −160,779.87 | −467,719.86 | 0 | 0 | 735,118.86 | 340,502.27 |
11 | 1,636,342.32 | −160,779.87 | −544,893.64 | 0 | 0 | 930,668.8 | 399,147.9 |
12 | 1,963,610.78 | −160,779.87 | −634,801.09 | 0 | 0 | 1,168,029.81 | 463,840.71 |
13 | 2,356,332.94 | −160,779.87 | −739,543.27 | 0 | 0 | 1,456,009.79 | 535,371.78 |
14 | 2,827,599.52 | −160,779.87 | −861,567.91 | 0 | 0 | 1,805,251.74 | 614,617.89 |
3,393,119.43 | −160,779.87 | −1,003,726.6 | 0 | 0 | 2,228,612.94 | 702,551.74 | |
16 | 4,071,743.31 | −160,779.87 | −1,169,341.5 | 0 | 0 | 2,741,621.93 | 800,253.31 |
17 | 4,886,091.98 | −160,779.87 | −1,362,282.9 | 0 | 0 | 3,363,029.24 | 908,922.39 |
18 | 5,863,310.37 | −160,779.87 | −1,587,059.5 | 0 | 0 | 4,115,470.97 | 1,029,892.61 |
19 | 7,035,972.44 | −160,779.87 | −1,848,924.4 | 0 | 0 | 5,026,268.22 | 1,164,646.98 |
20 | 8,443,166.93 | −160,779.87 | −2,153,996.9 | 0 | 0 | 6,128,390.19 | 1,314,835.13 |
Salvage Value | 236,636.91 | 50,770.02 | |||||
Total Present Worth of Savings = 9,269,740.77 |