Dieckmann's Solar Photovoltaic Calculation Model

Specification of Solar Photovoltaic Installation

demand of space per kWp

available space in m

size of installation in kWp

20 m/kWp
600.00 m
30 kWp

Investment Costs
Total

land price incl. utilities 3%

photovoltaic modules

6
7

Price / kWp

Price / Wp

39,000

1,300

1.30

inverter

7,500

250

0.25

DC equipment (cables, junctions, jacks etc.)

1,500

50

0.05

foundation, substructure and mounting system

9,000

300

0.30

planning, permissions and project management

10

mechanical construction incl. utilities, earth works, mounting, security

measures and licensing requirements

11

AC equipment (transformer station, connectors, power transmission

line, cable lying etc.)

12

electrical installation of DC and AC equipment (incl. setup and

documentation)

13
14
15

data system (remote plant monitoring, theft protection etc.)

gross margin of seller
all-inclusive-price (alternating positions 1-14)
Investment Costs

9,000

300
0.30

0
-
7,500

250

0
10%
-

0
245.00

Yield and feed-in-tariff

16

degradation of modules per year

17

feed-in-tariff

18

approximated yield p.a.

19

approximated yearly electricity production from given system

0.30%
0.2874 EUR/kWh

879 kWh/kWp
26,370 kWh

Finance

20

equity ratio

21

equity capital

22

debt capital

23

nominal interest rate

24

credit period

10%
8,085.00
72,765.00

4.50%
15 years
Operating costs

25

business management

2.00%

26

technical management

1.50%

27

insurance

2.00%

28

reserve fund

3.00%

29

rent

relative

fixed sum

4%
F
30

0
2,695.00

80,850.00

Taxation
tax rate

30%
Costs of energy production and profitability

31

electricity production costs (based on 20 years of energy production,

incl. Investment and operation costs and interest on debt capital)

0.25 /kWp

32

Return

33

return on investment (ROI, 20 year average)

34

Debt Service Coverage Ratio (DSCR)

35

average return on equity (ROE, 20 year average)

36

internal rate of return (IRR) (before taxes)

6.27%

37

internal rate of return (IRR) (after taxes)

4.39%

27,216.63
7.97%
1.27
16.83%

Solar Photovoltaic Calculation Model 2009 by Dominik Dieckmann-Hochberg and Florian Dieckmann. For comments or
suggestions, please send an email to dominikhochberg@googlemail.com or florian.dieckmann@gmx.net.

0.25
-
0.25
-
2.70

Dieckmann's Solar Photovoltaic Calculation Model

Calculation of profitability (without operating profit of abbreviated financial year, considering debt capital costs)

calculation of profits
year

yield (kWh)

turnover

rent

business
management

technical
management

reserve fund

insurance

interest

repayment

instalment

remainder of debt operating profit

equity return

amortisation

ROI

8,085

26370.00

7,579 -

303 -

152

114 -

227 -

152

3,274

3,501 -

6,775

69,264 -

144.03

-1.78%

-1.78%

8.20%

26290.89

7,556 -

302 -

151

113 -

227 -

151

3,117

3,659 -

6,775

65,605 -

163.92

-2.03%

-3.81%

8.18%

26211.78

7,533 -

301 -

151

113 -

226 -

151

2,952

3,823 -

6,775

61,782 -

183.82

-2.27%

-6.08%

8.15%

26132.67

7,511 -

300 -

150

113 -

225 -

150

2,780

3,995 -

6,775

57,787 -

203.71

-2.52%

-8.60%

8.13%

26053.56

7,488 -

300 -

150

112 -

225 -

150

2,600

4,175 -

6,775

53,612 -

223.61

-2.77%

-11.37%

8.10%

25974.45

7,465 -

299 -

149

112 -

224 -

149

2,413

4,363 -

6,775

49,249 -

243.50

-3.01%

-14.38%

8.08%

25895.34

7,442 -

298 -

149

112 -

223 -

149

2,216

4,559 -

6,775

44,690 -

263.40

-3.26%

-17.64%

8.05%

8
9

25816.23
25737.12

7,420 7,397

297 296

148 -

111 -

223 222

148

2,011
1,797

4,764 4,979

6,775

39,926 34,947

283.29
303.18

-3.50%
-3.75%

-21.14%
-24.89%

8.03%
8.01%

10

25658.01

7,374 -

295 -

147 -

111 -

221 -

147

1,573

5,203 -

6,775

29,744 -

323.08

-4.00%

-28.89%

7.98%

11

25578.90

7,351 -

294 -

147

110 -

221 -

147

1,338

5,437 -

6,775

24,307 -

342.97

-4.24%

-33.13%

7.96%

12

25499.79

7,329 -

293 -

147

110 -

220 -

147

1,094

5,682 -

6,775

18,625 -

362.87

-4.49%

-37.62%

7.93%

13

25420.68

7,306 -

292 -

146

110 -

219 -

146

838

5,937 -

6,775

12,688 -

382.76

-4.73%

-42.35%

7.91%

14

25341.57

7,283 -

291 -

146 -

109 -

218 -

146

571

6,204 -

6,775

6,484 -

402.65

-4.98%

-47.33%

7.88%

15

25262.46

7,260 -

290 -

145 -

109 -

218 -

145

292

6,484 -

6,775

- -

422.55

-5.23%

-52.56%

7.86%

16

25183.35

7,238 -

290 -

145 -

109 -

217 -

145

6,332.98

78.33%

25.77%

7.83%

17

25104.24

7,215 -

289 -

144 -

108 -

216 -

144

6,313.09

78.08%

103.86%

7.81%

18

25025.13

7,192 -

288 -

144 -

108 -

216 -

144

6,293.19

77.84%

181.69%

7.78%

19

24946.02

7,169 -

287 -

143 -

108 -

215 -

143

6,273.30

77.59%

259.29%

7.76%

20

24866.91

7,147 -

286 -

143 -

107 -

214 -

143

6,253.41

77.35%

336.63%

7.73%

512369.10

147,255 -

5,890 -

2,945 -

2,209 -

4,418 -

101,631

568,710

27,216.63

336.63%

2,945 -

28,866

72,765 -

Solar Photovoltaic Calculation Model 2009 by Dominik Dieckmann-Hochberg and Florian Dieckmann. For comments or suggestions, please send an email to dominikhochberg@googlemail.com or florian.dieckmann@gmx.net.

7.97%