Page 55 - European Energy Innovation - Autumn 2014

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Autumn 2014 European Energy Innovation 55

PHOTOVOLTAICS

Table 3: Case 1 – Necessary Table 3 Average Case 1 Case 2

selling price of PV electricity Denmark (VAT 25%) electricity

to break even if the PV system consumption

generates the same amount of and no PV

electricity as consumed, 30%

is consumed locally and 70% system

has to be sold to the grid; Input

parameter: system price of 1 400 Purchase from utility (kWh) 4 200 2 940 2 940

EUR/kWh (excluding taxes), 1.5%

O&M cost, ROI of 3% and a 20- Own PV electricity use (kWh) 1 260 1 260

year financial payback.

PV electricity generation costs at 525.00 196.56

Case 2: Savings compared to

household without PV system if 900 kWh/kWp (EUR) 525.00 196.56

the PV system generates 30 % of

the consumed electricity and the Utility bill (EUR) at 0.294 EUR/kWh 1 233.12 863.18 863.18

total production is self- consumed

(no feed-in to the grid). Input Necessary selling price of PV electricity to 0.075

parameter: system price of 1 400 break even at 900 kWh/kWp (EUR/kWh)

EUR/kWh + the local VAT rate,

1.5% O&M cost, ROI of 3% and a Saving (EUR) 173.38

20-year financial payback.

Germany (VAT 19%) 3 500 2 450 2 450

For these countries, self-

consumption is already a cash Own PV electricity use (kWh) 1 050 1 050

generation and the necessary

selling price is also quite PV electricity generation costs at 392.00 140.70

moderate as well. Now, it can be

argued that these are extreme 1 000 kWh/kWp (EUR) 392.00 140.70

cases and not applicable for

the European Union as a whole. Utility bill (EUR) at 0.292 EUR/kWh 1 022.35 715.65 715.65

However, if we look at the

North of France, with average Necessary selling price of PV electricity to 0.035

residential electricity prices 25% break even at 1 000 kWh/kWp (EUR/kWh)

below the European average

and very moderate solar Saving (EUR) 166.00

radiation, it becomes obvious

that self-consumption is already Cyprus (VAT 18%) 5 200 3 640 3 640

generating a positive balance.

Own PV electricity use (kWh) 1 560 1 560

Table 4: Case 1 – Necessary

selling price of PV electricity PV electricity generation costs at 447.20 159.12

to break even if the PV system

generates the same amount of 1 500 kWh/kWp (EUR) 389.48 116.85

electricity as consumed, 30%

are consumed locally and 70% Utility bill (EUR) at 0.241 EUR/kWh 1 290.12 903.08 903.08

have to be sold to the grid; Input

parameter: system price of 1 400 Necessary selling price of PV electricity to 0.007

EUR/kWh (excluding taxes), 1.5% break even at 1 500 kWh/kWp (EUR/kWh)

O&M cost, ROI of 3% and a 20-

year financial payback. Saving (EUR) 270.19

Ireland (VAT 23%) 5 300 3 710 3 710

Own PV electricity use (kWh) 1 590 1 590

PV electricity generation costs at 662.50 244.86

900 kWh/kWp (EUR) 662.50 244.86

Utility bill (EUR) at 0.241 EUR/kWh 1 274.65 892.26 892.26

Necessary selling price of PV electricity to 0.076

break even at 900 kWh/kWp (EUR/kWh)

Saving (EUR) 137.53

www.europeanenergyinnovation.eu

PHOTOVOLTAICS

Table 3: Case 1 – Necessary Table 3 Average Case 1 Case 2

selling price of PV electricity Denmark (VAT 25%) electricity

to break even if the PV system consumption

generates the same amount of and no PV

electricity as consumed, 30%

is consumed locally and 70% system

has to be sold to the grid; Input

parameter: system price of 1 400 Purchase from utility (kWh) 4 200 2 940 2 940

EUR/kWh (excluding taxes), 1.5%

O&M cost, ROI of 3% and a 20- Own PV electricity use (kWh) 1 260 1 260

year financial payback.

PV electricity generation costs at 525.00 196.56

Case 2: Savings compared to

household without PV system if 900 kWh/kWp (EUR) 525.00 196.56

the PV system generates 30 % of

the consumed electricity and the Utility bill (EUR) at 0.294 EUR/kWh 1 233.12 863.18 863.18

total production is self- consumed

(no feed-in to the grid). Input Necessary selling price of PV electricity to 0.075

parameter: system price of 1 400 break even at 900 kWh/kWp (EUR/kWh)

EUR/kWh + the local VAT rate,

1.5% O&M cost, ROI of 3% and a Saving (EUR) 173.38

20-year financial payback.

Germany (VAT 19%) 3 500 2 450 2 450

For these countries, self-

consumption is already a cash Own PV electricity use (kWh) 1 050 1 050

generation and the necessary

selling price is also quite PV electricity generation costs at 392.00 140.70

moderate as well. Now, it can be

argued that these are extreme 1 000 kWh/kWp (EUR) 392.00 140.70

cases and not applicable for

the European Union as a whole. Utility bill (EUR) at 0.292 EUR/kWh 1 022.35 715.65 715.65

However, if we look at the

North of France, with average Necessary selling price of PV electricity to 0.035

residential electricity prices 25% break even at 1 000 kWh/kWp (EUR/kWh)

below the European average

and very moderate solar Saving (EUR) 166.00

radiation, it becomes obvious

that self-consumption is already Cyprus (VAT 18%) 5 200 3 640 3 640

generating a positive balance.

Own PV electricity use (kWh) 1 560 1 560

Table 4: Case 1 – Necessary

selling price of PV electricity PV electricity generation costs at 447.20 159.12

to break even if the PV system

generates the same amount of 1 500 kWh/kWp (EUR) 389.48 116.85

electricity as consumed, 30%

are consumed locally and 70% Utility bill (EUR) at 0.241 EUR/kWh 1 290.12 903.08 903.08

have to be sold to the grid; Input

parameter: system price of 1 400 Necessary selling price of PV electricity to 0.007

EUR/kWh (excluding taxes), 1.5% break even at 1 500 kWh/kWp (EUR/kWh)

O&M cost, ROI of 3% and a 20-

year financial payback. Saving (EUR) 270.19

Ireland (VAT 23%) 5 300 3 710 3 710

Own PV electricity use (kWh) 1 590 1 590

PV electricity generation costs at 662.50 244.86

900 kWh/kWp (EUR) 662.50 244.86

Utility bill (EUR) at 0.241 EUR/kWh 1 274.65 892.26 892.26

Necessary selling price of PV electricity to 0.076

break even at 900 kWh/kWp (EUR/kWh)

Saving (EUR) 137.53

www.europeanenergyinnovation.eu