2015-07-28_PWETC_AgendaPacket - Laserfiche WebLink

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PHOTOVOLTAIC (PV) ENERGY VALUE WORKSHEET Updated 720/2015 1 2 3 4 5 6 7 8 9 PV Production(kwh) 460,875 460,875 459,492 458,114 456,740 455,369 454,003 452,641 451,283 System Degradation 0.00% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% Net PV Production(kwh) 460,875 459,492 458,114 456,740 455,369 454,003 452,641 451,283 449,929 Energy Value $0.110 $0.113 $0.116 $0.118 $0.121 $0.124 $0.128 $0.131 $0.134 Energy Value Increase Factor 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% Solar Credits $0.03 $0.03 $0.03 $0.03 $0.03 $0.03 $0.03 $0.03 $0.03 Net Rate of PV Energy $0.140 $0.143 $0.146 $0.148 $0.151 $0.154 $0.158 $0.161 $0.164 Renewable Energy Credit (REC) Value $0 $0 $0 $0 $0 $0 $0 $0 $0 REC Value ($Ikwh) $0 $0 $0 $0 $0 $0 $0 $0 $0 Total PV Energy Value $64,523 $65,593 $66,687 $67,807 $68,952 $70,123 $71,321 $72,546 $73,799 Assumptions: Assumptions: PV Technology Tier 1 Panels Blended Energy Value ($ikwh) $0.110 PV Efficiency (kwh/kw) 1,229 Energy Value Increase Factor (%/yr) 2.50% PV Guaranteed Production Year 1(kwh) 460,875 Net Solar Credits Value ($ikwh) $0.03 PV System Degradation Factor (%/yr) 0.30% REC Value ($kWh) 1 $0.05 REC Value Increase Factor 0.50% Notes: Rate of PV Energy (Blended Energy Value) based on client -supplied information. This analysis uses 2.5% per annum as an energy value escalator. Xcel historic rate escalation is higher. Solar Credits are available for Xcel customers only. These will cease when REC market matures. REC value based on conservative projections assumes Minnesota moves to REC market in Year 10. NOTE: Currently there is no official REC market in Minnesota. One is expected in 5- 10 years Updated 720/2015