UNDERSTANDING THE VALUE OF SOLAR IN THE WEST KOOTENAYS
UPDATE FEBRUARY 2022 FINALLY SOME HONESTY Solar garden costs 47c/kWh, and they said it would reach parity in 7 years. Nelson hydro wholesale cost of power generation about 2c/kWh, Solar is about 25 times more, PARITY??????? Below quoted from the city website Utility companies use Levelized Cost of Energy (LCOE) as a metric for investment planning. It establishes a common comparative baseline across various forms of discounted energy generation over their lifetime. An updated project analysis completed in February 2022 concluded that 248 panels were installed from November 2015 to June 2017 at an actual cost of $331,372 generating an average of 66,622 kWh annually, with a customer investment of $221,657.30. Calculating the LCOE from an investment perspective using the project and maintenance actuals to the end of 2021 results in an LCOE of $0.47/kWh. At least 25 X more than Nelson hydro's wholesale cost of power! And it a...