Page 30 - European Energy Innovation - Winter 2016 publication

30 Winter 2016 European Energy Innovation Winter 2016 European Energy Innovation 13

PHOTOVOLTAICS PHOTOVOLTAICS

residential electricity costs is not yet level, the 2% O&M costs are a main provider. The same holds true for the

sufficient to support a self-sustained cost factor besides financing costs. variable part of the electricity price,

and unsupported market. The O&M costs cover the foreseeable which can vary between EUR 0.075
electricity can be equal to or lower than rtheepasiorslaarnmdoedxuclheasnagsespcoesctisfieodf by the aTnhde a0v.2e6rapgeerEkuWrohp. Neaenverertshideelenstsi,al
cmoamnpufoancetunrtesrlsik. e the inverter, as well PelVe-cgterinceitryapterdiceelgeicvterincibtyyfEour rtohsetalot6wfoer
Freosridtheentbiaelneclhemctarirckitcyaclocustlastiisonot yet tRhOeIsfeincaonncdinsgemopetsiotenrso, wf 2h0ic1h5awreas EUR
osuf frfeicsiiednetnttoiasluspysptoermt as oseplef-rsautsiotani,ned as the annual degradation of the 0m.2o1re1/rkeWalihs,tiicncfolurdpirnivgaftiexecdoncshuamrgeerss.,
manadinutennsuapnpceoratned rmeparakier t(.O&M) costs sDoelapremndoidnugleosnatshespaecctuifaiel drabdyiatthioen Fisixaelrdeacdhyarcgheesavpaerry fworidaelayrbgetwnuemenbeErUR
mlevaenlu, ftahcetu2r%erOs.&AMddciongstsaacroenasemrvaaintive 2o0f Eaunrdop1e7a0npUenr iyoenarc,idtizeepnesn. dCiynpgruosn, the
of 2% was used, which is higher than scaofsettfyamctoargbinesoidf e0s.8fiEnUanRccinegntc/koWstsh. on rDeesnpmecatrivkeaMndemGebremr aSntaytehaadndtheelehcigtrhiceitsyt
iFnoor therbaennaclyhsmesa.rTkhciaslcreufllaetciotsnthe tTohpe oOf&thMe c2o.7stEsUcRovceerntth/ekWfohrerseeseualtbsle proicveisdewri.tThhEeUsRam0.e29h4o/lkdWs thr,uEeUfoRr0t.h2e92/
foafcrtetshidatelnatbiaolusrycstoesmtssreolpaeteradtitoonO, &M irnepaaniresleacntdriceixtychparnicgeeocfo2s.t9stoof 3.5 EUR vkaWrihabalnedpEaUrtRo0f .t2h4e8e/kleWcthri,crietysppericcteiv,ely.
amcativniteiensahnacveeanodtrdeepcarier a(Ose&dMli)kceotshtes ceonmt/pkoWnehnatfstelirktehteh2e0in-yveearrtefirn, asncwiaell which can vary between EUR 0.075
hoaf r2d%wawraescuosmedp,ownheincths.isDheipgehnedr itnhganon pasaythbeacaknnpuearilodde,gdreapdeantidoinngofotnhethe
tinheotahcetur aalnraaldysiaetsio. Tnhliesvreelf,ltehcets2t%heO&M asoctlauraml sodlaurlerasdaiastsiopne.cified by the aTnhde p0.r2o6fitpaebrilkitWy ohf. aNneuvenrstuhbesleidsiss,ed
cfaocsttsthaartelathbeouser ccoonstds orerltahteird tlaorgOe&sMt manufacturers. Adding a conservative PsoVl-agrePnVersaytsetedmeldecetpriecnitdysfoprritmhearloilywoenr
caoctsitviftaiectsohr.aTvheenOot&dMeccroesatssecdolvikeer the RthOeIofiwnnanecr’isnsgeolfp-ctoionnssu,mwphtiicohna, raes less
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cthoestascotuf aclormadpioatnioentlselvikeel, the i2n%veOrte&rM, etolepcotrficthitye p2r.7iceEUgRivceennbty/kEWurhorsetastu6ltfsor iustialiltrye.aIndythcehecapseerofoar PaVlasrygsetenmumsibzeer
acos swtselalraestthheesaencnounadl doregthriardalatirogneostf tinheanseecloecntdricseitmy persitceer of 2.091t5ow3a.5s EEUURR othfaEtugreonpeeraanteUsnaisonmcuictihzeenles.cCtryicpitryuas,s
tchoestsfoalcatromr. oTdheulOes&aMs scpoesctsificeodvebrytthhee 0ce.2n1t/1k/WkWhha,ftinecr ltuhdein2g0-fyixeeadr fcinhanrgceiasl. Dtheencmuastrokmanedr uGsersmoavneyr ahaydeatrh,ethheighest
mfoarensuefeaactbulreeres.pairs and exchange Fpiaxyebdachkaprgereisodva, rdyewpiednedlyinbgeotwnethene EUR pacritcueasl cwoitnhsuEmURpt0io.2n9d4u/krWingh,tEhUe Rtim0.e29o2f /
costs of components like the inverter, 2ac0tuaanlds1o7la0r praedriayetiaorn,.depending on the kgWenhearantdioEnUisRin0.g24en8/ekrWal ho,nrleysapreocutnivdely.

Dasewpenlldaisntgheonanthneuaalcdtueaglrraaddaiatitoionnof respective Member State and electricity

Table 1: LCOE of PV-generated electricity for residential systems with a system price of EUR 1350/kWp (excluding VAT, because
the differences in the various countries are too large), 2% O&M cost, an annual generation of 1 000 kWh/kWp/year and financial
lifetimes of 20 years

Price LCOE LCOE LCOE LCOE
[EUR/ Product Capital O&M 2 % Total
kWp] [EURct/ [EURct/kWh] [EURct/kWh]
[EURct/
kWh] kWh]

Return on investment 0% 3% 5% 10% 3% 5% 10%

Hardware 910 4.55 1.39 2.40 5.17 1.82 7.76 8.77 11.54

Eng. & and 300 1.50 0.46 0.79 1.70 0.60 2.56 2.89 3.80
installation

Other (fees, permits, 140 0.70 0.21 0.37 0.79 0.28 1.19 1.35 1.77
insurances...)

Total 1350 6.75 2.06 3.56 7.66 2.70 11.51 13.02 17.12

Table 2: LCOE of PV-generated electricity for residential systems with a system price of EUR 1 350 kWp (excluding VAT, because
the differences in the various countries are too large), 2 % O&M costs, an annual generation of 1 300 kWh/kWp/year and a
financial lifetime of 20 years

Price LCOE LCOE LCOE LCOE
[EUR/ Product Capital O&M 2 % Total
[EURct/ [EURct/kWh] [EURct/kWh]
kWp] [EURct/
kWh] kWh]

Return on investment 0% 3% 5% 10% 3% 5% 10%

Hardware 910 3.50 1.07 1.85 3.97 1.40 5.97 6.75 8.87

Eng. & and 300 1.15 0.36 0.61 1.31 0.47 1.97 2.23 2.93
installation

Other (fees, permits, 140 0.54 0.16 0.28 0.61 0.22 0.92 1.04 1.37
insurances...)

Total 1350 5.19 1.59 2.75 5.90 2.08 8.85 10.01 13.17

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