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This Levelized Cost of Energy calculator calculates the minimum base cost of energy suppled by a facility or system which must be charged to its suppliants, i.e. break even before profit. This takes into account capital costs of the facility/system, maitenance costs, yearly capacity, fuel costs (if any), supply rate, and the discount rate which you plan to sell the energy.
The program takes the user input specifications and outputs a number plot. Then, a single parameter can be changed incrementally (i.e. paramter sweep) and the number plot will graph all simulation results and display them together for LCOE as a function of a particular variable. This way, the importance of some parameters can be seen and just how drastic of changes it can have on the costs of the facility/system.
Wikipedia contributors, "Capital recovery factor," Wikipedia, The Free Encyclopedia, http://en.wikipedia.org/w/index.php?title=Capital_recovery_factor&oldid=317185496 (accessed June 3, 2010).
Wikipedia contributors, "Levelised energy cost," Wikipedia, The Free Encyclopedia, http://en.wikipedia.org/w/index.php?title=Levelised_energy_cost&soldid=365220846 (accessed June 3, 2010).
Walter Short, Daniel J. Packey, and Thomas Holt, A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy TechnologiesPDF, NREL/TP-462-5173, March 1995.
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