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Solar Energy Technologies Program

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Solar Energy Technologies Program ( solar-energy-technologies-program )

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Table 2-3a. Solar Technologies and Some Competing Conventional Sources (building integrated) Table 2-3b. EIA Annual Energy Outlook Average Residential Costs 2000–2025 Source Electricity Gas Oil (2001 dollars) Benchmark Price $0.078–$0.086 per kWh $7.31–$9.41 per MM Btu ($0.025–$0.032 per kWh) $7.96–$9.67 per MM Btu ($0.027–$0.033 per kWh) Energy Net metered at retail price or time-of-day metered Conversion losses must be considered. Gas water-heater energy factors are less than 0.6 Value Considerations: On a life-cycle basis, economics would favor a solar system for which the mortgage payments plus utility bills for the building equipped with the solar system are lower than for the comparable building without the solar system. However, builders and buyers may view economics differently. For example: • Builders may avoid including a solar system as standard equipment because the resulting higher price of the building might not be competitive in the market place. • Buyers may be unable to finance the additional cost of a solar system, even though the utility bills plus mortgage payments are lower (however, some lenders will take this into account). • Buyers may want a shorter payback on their investment. • Builders may be more concerned about the cost of the home than the cost of operating it. Solar Energy Technologies Program Multi-Year Technical Plan 19

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