Solar PV with EV Cost Analysis spreadsheet
- 1. Year Auto Fuel Auto Upkeep Net Electric Bill Total Costs Auto Fuel Auto Upkeep Net Electric Bill PV & EV Investments Total Costs Yearly Savings Cumulative Savings Year 1 $1,500 $90 $1,200 $2,790 $0 $0 $0 $28,900 $28,900 ($26,110) ($26,110) PV Solar Panel Start Up Costs Year 2 $1,500 $90 $1,200 $5,580 $0 $0 $0 ($8,670) $20,230 $11,460 ($14,650) PV Installation @ $3,100/kW 9 kW $27,900 Year 3 $1,500 $90 $1,200 $8,370 $0 $0 $0 $20,230 $2,790 ($11,860) 30% Federal ITC Credit ($8,370) Year 4 $1,500 $90 $1,200 $11,160 $0 $0 $0 $20,230 $2,790 ($9,070) Year 5 $1,500 $90 $1,200 $13,950 $0 $0 $0 $20,230 $2,790 ($6,280) Electrical Vehicle Start Up Costs Year 6 $1,500 $90 $1,200 $16,740 $0 $0 $0 $20,230 $2,790 ($3,490) Charging Station Installation $1,000 Year 7 $1,500 $90 $1,200 $19,530 $0 $0 $0 $20,230 $2,790 ($700) 30% Fed Charging Station Tax Credit ($300) Year 8 $1,500 $90 $1,200 $22,320 $0 $0 $0 $20,230 $2,790 $2,090 Year 9 $1,500 $90 $1,200 $25,110 $0 $0 $0 $20,230 $2,790 $4,880 Gas Vehicle Use Costs Year 10 $1,500 $90 $1,200 $27,900 $0 $0 $0 $20,230 $2,790 $7,670 Gas Vehicle MPG 25 Year 11 $1,500 $90 $1,200 $30,690 $0 $0 $0 $20,230 $2,790 $10,460 Gas Cost/Gallon $2.50 Year 12 $1,500 $90 $1,200 $33,480 $0 $0 $0 $20,230 $2,790 $13,250 Mile Driven/Year 15,000 Year 13 $1,500 $90 $1,200 $36,270 $0 $0 $0 $20,230 $2,790 $16,040 Year 14 $1,500 $90 $1,200 $39,060 $0 $0 $0 $20,230 $2,790 $18,830 Gas Vehicle Upkeep Costs Year 15 $1,500 $90 $1,200 $41,850 $0 $0 $0 $20,230 $2,790 $21,620 Oil Change for $20 every 7,500 miles $40 Year 16 $1,500 $90 $1,200 $44,640 $0 $0 $0 $20,230 $2,790 $24,410 PA Emissions Inspection $50 Year 17 $1,500 $90 $1,200 $47,430 $0 $0 $0 $20,230 $2,790 $27,200 Year 18 $1,500 $90 $1,200 $50,220 $0 $0 $0 $20,230 $2,790 $29,990 Annual Net Electric Bill $1,200 Year 19 $1,500 $90 $1,200 $53,010 $0 $0 $0 $20,230 $2,790 $32,780 Year 20 $1,500 $90 $1,200 $55,800 $0 $0 $0 $20,230 $2,790 $35,570 *Variables You Can Change Have Yellow Background Utility Electric & Gasoline Car Solar PV & Electric Car Installation and Usage Cost AssumptionsSavings