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solar on parking estimated costs

Posted by Morgan White on March 2, 2020

Good morning Morgan,

 

I have gathered the numbers that correspond to an acre of solar cover. 

 

The estimate is that an acre of solar canopy could generate 760,536 kWh annually (this estimate takes into account the weather patterns of our location and possible shading/system inefficiencies).  

 

I remember you saying that right now the University pays $0.05 per kWh.  Our solar farms are charged $0.045 per kWh that they generate.  This means that $0.005 is saved for every kWh generated.  That can be used to estimate that an acre of solar canopy would save roughly $3,800 per year.  

 

I thought that I would also include the National Renewable Energy Laboratory’s estimate for what a solar retailer would charge per kWh of electricity in our area: $0.036.  This would mean that $0.014 could be saved per kWh on a solar canopy system, or roughly $10,650 per acre.  

 

Let me know what else I can find,

 

Ryan Day