SunWiz

PO Box 263, Bangalow, NSW 2479

Your Name M: 0413 361 534
Your Business @: warwick@sunwiz.com.au

Date

Dear {Name},

Please find following an independent expert assessment on the likely amount of power export from
a solar power system located at {address}.

In summary:

A 5 kW system is expected to export 0.6% of its power generation, representing revenue of

$1,400/year.
However, if a larger solar power system is installed, exports of up to 58.6% are achievable,
representing $15,500 of annual revenue. Significantly more generated power receives the
premium Feed-in Tariff.
Systems above 15 kW should result in a credit electricity account, which should be paid as a
cheque by your electricity retailer.
Implementing energy efficiency measures can affordably improve system revenue. Shifting
deferrable loads to night-time and weekend operation has a similar effect.
Conservative assumptions have been made; system performance and exported power is
likely to be higher than calculated.

No PV 5 kW 10 kW 10 kW with 20 kW 30 kW
10% energy
efficiency
Upfront 0 $28000 $55000 $55000+ $100000 $140000
Cost
Generation 0 7600 15200 15200 30400 45600
(kWh/year)
%export 0 0.6% 12.2% 14% 43.1% 58.6%
PV revenue 0 $1640 $3370 $3540 $9140 $15530
Annual -$6900 -$5450 -$3540 -$2681 +$2230 +$8610
Electricity
Balance
Payback 16.4 14.5 <14.0 10.4 8.2
Effective 2.8% 3.42% >3.6% 5.6% 7.1%
Interest on
Investment
CO2 savings 152 304 377 608 912
(20 years),
tonnes
Assumed annual load 36463kWh/year

Independence, Expertise, Innovation

Background
The solar bonus scheme pays 44c/kWh for any solar power that is exported to the grid. Of the solar
systems electricity production, the first portion offsets power consumption at the standard rate
(23.3c/kWh during the peak hours of weekdays 7am-9pm; 8.2 c/kWh off-peak at other times). Once
the site’s instantaneous power consumption is met, the remainder of the solar system’s power
production is exported, earning 60c/kWh. Thus it is financially advantageous to

• Maximising the system size (10 kW maximum per phase)

• Select sites with least daytime power consumption as possible
• Export as much power as possible by controlling deferrable loads to operate at night.

Naturally payback is also influenced by available roof area, orientation, and inclination, as well as
ease of installation.

Likely Revenue Creation

To assess the likely revenue creation from solar power systems installed at this location, Homer solar
simulation software was used. A power consumption profile was created, based on the assumption
of maximum demand during the evening and late-afternoon, and scaled to meet the average daily
power consumption indicated by available bills. Based on this data, Homer synthesizes a typical
hourly load with some inherent variability. From this, the amount of generated solar power that is
exported can be calculated.

Results (ex GST)

Homer calculates the simulated total annual power consumption for the site to be 73,364 kWh/year,
with a corresponding consumption component of the electricity bill of $12,344 (this excludes service
charges). As electricity prices rise, this bill will rise accordingly.

Homer predicts that a 30 kW system would produce 46,270 kWh per year, equivalent to
127 kWh/day, or 4.23 kWh/kWp/day. Of this, 37% would be export. This would result in the PV
revenue of $13,123 annually, of which $7598 results from power exports and $5524 results from
reduced power imports at an average of 19c/kWh. As electricity prices rise, so will PV revenue
associated with meeting site-demand.

The graph on the left demonstrates that

the PV system primarily exports its
power during the winter months, when
electricity consumption is lower.
Notably, the exported amount of power
attracts premium revenue,
demonstrating the potential value of
deferring loads to night-time operation.
In summary, the PV system covers 63.1% of the sites entire modelled electricity consumption, and
generates $13,123 of revenue doing so. Calculations show that each year the electricity retailer
would send a cheque for $779 less service charges.

Effect of Assumptions
Conservative assumptions were used throughout the process. The implications of these assumptions
are presented below:

Use of Brisbane solar radiation data is likely to slightly understate the solar radiation that
occurs in XXX; on the order of 5%
The variation in power consumption that typically occurs because of refrigerators means
that power export rates are typically understated. This could increase revenue by
approximately 5%.
Use of standard solar power performance assumptions may understate true performance,
particularly of higher-quality panels. Use of higher quality panels may produce 5-10% more
power, much of which would be export.
Some electricity retailers provide a greater feed-in tariff than the mandated 44c/kWh. A FiT
of 50c/kWh would generate an additional $1000 of annual revenue.

Financial Analysis
A financial model of a $16,3814 incl GST system receiving annual pre-GST revenue of $13,383, with
annual import electricity price increase of 3% and annual system degradation of 1% has a simple
payback of 11.7 years. This equates to an Internal Rate of Return (IRR) of 6.35%.

These figures should be taken only as a guide to possible outcomes. True outcome is critically
dependent upon system load, and also dependent upon system performance. You may contact me
on 0413 361 534 if you wish to discuss this matter in more detail.

Kind regards,

Warwick Johnston
Manager
SunWiz
Other Services Include:

Multi System Size Analysis & Varied Orientation Analysis:

The following graphs show two day’s generation, load, and resulting bills for a 5, 10, 20, and 30 kW
system. A similar analysis can be performed on various orientations and inclinations in order to
achieve the optimum solar panel placement.
Billing Analysis

Monthly Electricity Consumption

12000

10000

8000
kWh/month

6000
Off Peak
4000 Peak

2000

AND MORE! – Please call to discuss your personalised requirements.