IBA SOLAR ENERGY PROJECT MODEL

Real discount rate 0.045

Nominal discount rate 0.0659
Inflation rate 0.02
Solar panels installed 7000
Solar panel cost 500
Solar panel watt level 400
Summer generation hours 11
Winter generation hours 8
Autumn / Spring generation hours 9
Daily solar generating loss 0.1
Yearly panel efficiency loss 0.005
Average daily electricity usage (kWh) 100000
Wholesale electricity tariff 0.25
Wholesale feed-in tariff 0.18
Other equipment cost 6000000
Battery pack cost 1500000
Project installation cost 1250000
Depreciation rate 0.025
Operating and maintenance costs 650000
Taxation rate 0.2
2023 Operating time 0.3
2024 Operating time 0.7

Discount rate adjustment factor 0

Solar panel cost adjustment factor 1
Solar panel watt level adjustment factor 1
Generating loss adjustment factor 1
Sunlight adjustment factor 0
Panel efficiency adjustment factor 1
Electricity tariff adjustment factor 1
O&M cost adjustment factor 1
Project cost adjustment factor 1

Discount Inflation Capital Nominal

Time factor Year Rate Rate Factor Expenditure Capex
0 2022 1 1
1 2023 1.0659 1.02 3675000 3748500
2 2024 1.136143 1.0404 8575000 8921430
3 2025 1.211015 1.061208
4 2026 1.29082 1.08243216
5 2027 1.375886 1.1040808032
6 2028 1.466556 1.1261624193
7 2029 1.563202 1.1486856676
8 2030 1.666218 1.171659381
9 2031 1.776021 1.1950925686
10 2032 1.893061 1.21899442
11 2033 2.017814 1.2433743084
12 2034 2.150788 1.2682417946
13 2035 2.292525 1.2936066305
14 2036 2.443602 1.3194787631
15 2037 2.604635 1.3458683383
16 2038 2.776281 1.3727857051
17 2039 2.959238 1.4002414192
18 2040 3.154252 1.4282462476
19 2041 3.362117 1.4568111725
20 2042 3.58368 1.485947396
21 2043 3.819845 1.5156663439
22 2044 4.071572 1.5459796708
23 2045 4.339889 1.5768992642
24 2046 4.625888 1.6084372495
25 2047 4.930734 1.6406059945
26 2048 5.255669 1.6734181144
27 2049 5.602018 1.7068864766
28 2050 5.971191 1.7410242062
29 2051 6.364692 1.7758446903
30 2052 6.784125 1.8113615841
31 2053 7.231199 1.8475888158
32 2054 7.707735 1.8845405921
33 2055 8.215675 1.9222314039
34 2056 8.757088 1.960676032
35 2057 9.33418 1.9998895527
36 2058 9.949303 2.0398873437
37 2059 10.60496 2.0806850906
38 2060 11.30383 2.1222987924
39 2061 12.04875 2.1647447682
40 2062 12.84276 2.2080396636
41 2063 13.6891 2.2522004569
42 2064 14.59121 2.297244466
43 2065 15.55277 2.3431893553

12669930
 Summer Winter Autumn Spring Total Electricity Revenue Feed-in
PV of Capex Generation Generation Generation Generation Generation Savings Revenue

3516746.4115 27720 20160 22680 22680 6990.410958904 650632.5 0

7852384.3319 27581.4 20059.2 22566.6 22566.6 16229.40410959 1540763 0
27442.8 19958.4 22453.2 22453.2 23068.35616438 2233830 0
27304.2 19857.6 22339.8 22339.8 22951.84931507 2266999 0
27165.6 19756.8 22226.4 22226.4 22835.34246575 2300601 0
27027 19656 22113 22113 22718.83561644 2334640 0
26888.4 19555.2 21999.6 21999.6 22602.32876712 2369121 0
26749.8 19454.4 21886.2 21886.2 22485.82191781 2404047 0
26611.2 19353.6 21772.8 21772.8 22369.31506849 2439423 0
 26472.6 19252.8 21659.4 21659.4 22252.80821918 2475252 0
26334 19152 21546 21546 22136.30136986 2511538 0
26195.4 19051.2 21432.6 21432.6 22019.79452055 2548286 0
26056.8 18950.4 21319.2 21319.2 21903.28767123 2585499 0
25918.2 18849.6 21205.8 21205.8 21786.78082192 2623182 0
25779.6 18748.8 21092.4 21092.4 21670.2739726 2661337 0
25641 18648 20979 20979 21553.76712329 2699969 0
25502.4 18547.2 20865.6 20865.6 21437.26027397 2739082 0
25363.8 18446.4 20752.2 20752.2 21320.75342466 2778680 0
25225.2 18345.6 20638.8 20638.8 21204.24657534 2818766 0
25086.6 18244.8 20525.4 20525.4 21087.73972603 2859344 0
24948 18144 20412 20412 20971.23287671 2900417 0
24809.4 18043.2 20298.6 20298.6 20854.7260274 2941990 0
24670.8 17942.4 20185.2 20185.2 20738.21917808 2984065 0
24532.2 17841.6 20071.8 20071.8 20621.71232877 3026647 0
24393.6 17740.8 19958.4 19958.4 20505.20547945 3069738 0
24255 17640 19845 19845 20388.69863014 3113342 0
24116.4 17539.2 19731.6 19731.6 20272.19178082 3157463 0
23977.8 17438.4 19618.2 19618.2 20155.68493151 3202103 0
23839.2 17337.6 19504.8 19504.8 20039.17808219 3247265 0
23700.6 17236.8 19391.4 19391.4 19922.67123288 3292953 0
23562 17136 19278 19278 19806.16438356 3339170 0
23423.4 17035.2 19164.6 19164.6 19689.65753425 3385919 0
23284.8 16934.4 19051.2 19051.2 19573.15068493 3433201 0
23146.2 16833.6 18937.8 18937.8 19456.64383562 3481021 0
23007.6 16732.8 18824.4 18824.4 19340.1369863 3529380 0
22869 16632 18711 18711 19223.63013699 3578281 0
22730.4 16531.2 18597.6 18597.6 19107.12328767 3627726 0
22591.8 16430.4 18484.2 18484.2 18990.61643836 3677718 0
22453.2 16329.6 18370.8 18370.8 18874.10958904 3728259 0
22314.6 16228.8 18257.4 18257.4 18757.60273973 3779350 0
22176 16128 18144 18144 18641.09589041 3830993 0
22037.4 16027.2 18030.6 18030.6 18524.5890411 3883190 0
0 0 0

11369130.743
Operating
Costs

198900
473382
689785.2
703580.9
717652.5
732005.6
746645.7
761578.6
776810.2
792346.4
808193.3
824357.2
840844.3
857661.2
874814.4
892310.7
910156.9
928360.1
946927.3
965865.8
985183.1
1004887
1024985
1045484
1066394
1087722
1109476
1131666
1154299
1177385
1200933
1224951
1249450
1274439
1299928
1325927
1352445
1379494
1407084
1435226
1463930
1493209
1171595