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Solar power:Steady generating savings on your electricity bill
COVID-19 IMPACT ANALYSIS
Growing strains for householdsWorking from home arrangements and lockdowns in many countriesare dramatically increasing energy bills for residents.
+$100
+33%
+$200
United StatesUS families could belooking at as much as
for an entire monthUSD 100
of working from home
1
GermanyAdditional electricitycosts through homeoffice expected at
per month for+33%
an average 3-personhousehold
2
AustraliaEnergy bill rise by
a monthAUD 200
expected for manyhouseholds fromJune to August
3
1: 2: 3:Quartz, University of California Energy Institute, Energy 4.0, Verivox, Energy Networks AustraliaReferences:
www.recgroup.com/covid-19
+~20%4Power
Locations: Palm Springs, CA, Munich, SydneySystem size: 8 60-cell solar modulesConventional system: REC solar panels with 320 WpGenerated power over 25 yearsFor details on degradation, refer to datasheets on recgroup.com 4 Compared to conventional REC solar panels with 320 Wp
Assumptions:
Greater energy yield and savings by going solar witha high-power REC Alpha solar system
135 MWh generated powerwith a REC Alpha system
101 MWh with aconventional system
+34% greater energy yield
88 MWh generated powerwith a REC Alpha system
67 MWh with aconventional system
+31% greater energy yield
121 MWh generated powerwith a REC Alpha system
91 MWh with aconventional system
+32% greater energy yield
Solar generation costs vs fossil fuels
Solar PVCoalGas Combined Cycle
Pric
e/kW
h
35
33
31
29
27
25
23
21
19
17
15
Power prices for residents before and duringCovid-19
CA, US (USD Cents/kWh in March; Source eia)Germany (EUR Cents/kWh; Source BMWi, BDEW)Australia (AUD Cents/kWh Sep '19 vs Mar '20; Source Global Petrol Prices)
Lazard's Unsubsidized LevelizedCost of Energy, November 2019
2009 2011 2013 2015 2017 2019
Mea
n LC
OE
(USD
/MW
h)
350
300
250
200
150
100
50
0
400
2019 2020
2009$359
2020$40
33.00 33.80
30.43 31.47
19.32
20.49
