Question

Assume that the village would like a modest 2 kWh battery backup system, costing $500/kWh. Unfortunately, the batteries have a much shorter lifespan than the solar panels, only around 8 years at the village's usage rate, leading to a higher CCF of .15. What’s the additional LCOE that the batteries will add to the system? Ignore any costs of operating the battery, or electric losses.

Answer 1

The additional LCOE is calculated by calculating the LCOE

 and taking consideration of CCF.

Your feedback is highly appreciated.