Butler Rural Electric Cooperative, Inc.
Solar Power Research Project

Solar panel photo

The "economics" of a 2.3KW photovoltaic system based on the Butler REC/Buckeye Power Solar Power Research Project:

  • Size of photovoltaic (PV) system: 2.3 kilowatts (KW)
  • Initial cost: $23,000
  • Annual cost: $2,400
  • Monthly kWh: 250 kWh/month or 109 kWh/month/kW
  • Annual kWh: 3,000
  • Projected capacity factor: 3,000/(2.3 kW x 8,760) = 14.9%
  • Cost of PV electricity: $0.80/kWh (80¢/kWh)

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