Solar Panel Analysis

Revision as of 08:23, 17 January 2023 by BFilstrup (talk | contribs)

Example model

Solar Panel Analysis.png

Description: Would it be cost effective to install solar panels on the roof of my house? This model explores this question for my situation in San Jose, California. An accompanying video documents the building of this model, and is a good example of the process one goes through when building any decision model.

The model explores how many panels I should install, and what the payoff is in terms of net present value, Internal rate of return and time to recoup cost. It also looks at whether I should postpone the start of the installation to take advantage of rapidly falling PV prices, or cash in on tax credits.

Keywords: Renewable energy, photovoltaics, net present value, internal rate of return, tax credits, agile modeling.

Author: Lonnie Chrisman

Download: Solar Panel Analysis.ana

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