Abstract: . . .  electric equipment” have been included in “system installation” costs. This explains why the latter figure is higher than would be expected for such a large installation. Transportation costs have been included in the cost of equipment. The greenhouse gas emission credit has very little effect on the financial viability of this system, largely because the system is so far from being cost-effective compared with cheap grid electricity. In the greenhouse gas analysis, the transmission and distribution losses for the photovoltaic system are one-half those of the base case. This reflects the proximity of the building loads to the photovoltaic array; the base case electricity is generated outside of the city and thus has higher transmission and distribution losses. • •  . . .
. . .  of Natural Resources Canada 1997 - 2000. 28/2/2002; PV01-B.xls RETScreen® Financial Summary - Photovoltaic Project Cumulative Cash Flows Graph Photovoltaic Project Cumulative Cash Flows Utility Peak Load Shaving, Ontario, Canada Year-to-positive cash flow 9.9 yr 3,500,000 IRR and ROI 16.4% Net Present Value $ 476,494 3,000,000 2,500,000 Cumulative Cash Flows ($) 2,000,000 1,500,000 1,000,000 500,000 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 (500,000) Years Version 2000 - Release 2 © Minister of Natural Resources Canada 1997 - 2000. NRCan/CEDRL 28/2/2002; PV01-B.xls TEACHER’S NOTES PHOTOVOLTAIC PROJECT UTILITY PEAK LOAD SHAVING / ONTARIO, CANADA 01 • Costs normally listed under “other electric equipment” have been included in “system installation” costs. This explains why the latter figure is higher than would be expected for such a large installation. Transportation costs have been included in the cost of equipment. The greenhouse gas emission credit has very little effect on the financial viability of this system, largely because the system is so far from being cost-effective compared with cheap grid electricity. In the greenhouse gas analysis, the transmission and distribution losses for the photovoltaic system . . .
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