This document discusses estimating the uncertainty in the projected annual energy yield of a photovoltaic (PV) system. It examines two case studies of PV systems and quantifies the sources of uncertainty. For each system, it estimates the uncertainty in solar resource factors, PV system performance factors, simulation model factors, and total uncertainty. It also calculates the exceedance probability, the likelihood the annual energy yield will exceed a given value. The purpose is to help energy analysts understand and account for uncertainty when using PV simulation tools to predict annual energy yields.