
462 Principles of Sustainable Energy Systems
© 2008 Taylor & Francis Group, LLC
Year Investment Discount Rate O&M
0 $115,000.00 0.000 $0
1 $0.00 0.909 $6,800
2 $0.00 0.826 $6,181
3 $0.00 0.751 $5,619
4 $0.00 0.683 $5,108
5 $0.00 0.621 $4,644
6 $0.00 0.564 $4,222
7 $0.00 0.513 $3,838
8 $0.00 0.467 $3,489
9 $0.00 0.424 $3,172
10 $0.00 0.386 $2,883
11 $0.00 0.350 $2,621
12 $0.00 0.319 $2,383
13 $0.00 0.290 $2,166
14 $0.00 0.263 $1,969
15 $0.00 0.239 $1,790 TLCC
Total $115,000.00 $56,893.47 $171,893
With these values, the levelized cost of energy, LCOE, is
LCOE
TLCC
CRF
kWh
=
×=
×
×=
Q
$,
.† †
†. $
171 893
11 10
0 13147
6
0002./kW
The system on which this example is bas ...