Download - COVID- IMPACT ANALYSIS Solar power: Steady generating ......System size: 8 60-cell solar modules Conventional system: REC solar panels with 320 Wp Generated power over 25 years For

Solar power:Steady generating savings on your electricity bill

COVID-19 IMPACT ANALYSIS

Growing strains for householdsWorking from home arrangements and lockdowns in many countriesare dramatically increasing energy bills for residents.

+$100

+33%

+$200

United StatesUS families could belooking at as much as

for an entire monthUSD 100

of working from home

1

GermanyAdditional electricitycosts through homeoffice expected at

per month for+33%

an average 3-personhousehold

2

AustraliaEnergy bill rise by

a monthAUD 200

expected for manyhouseholds fromJune to August

3

1: 2: 3:Quartz, University of California Energy Institute, Energy 4.0, Verivox, Energy Networks AustraliaReferences:

www.recgroup.com/covid-19

+~20%4Power

Locations: Palm Springs, CA, Munich, SydneySystem size: 8 60-cell solar modulesConventional system: REC solar panels with 320 WpGenerated power over 25 yearsFor details on degradation, refer to datasheets on recgroup.com 4 Compared to conventional REC solar panels with 320 Wp

Assumptions:

Greater energy yield and savings by going solar witha high-power REC Alpha solar system

135 MWh generated powerwith a REC Alpha system

101 MWh with aconventional system

+34% greater energy yield







Solar generation costs vs fossil fuels

Solar PVCoalGas Combined Cycle

Pric

e/kW

h

35

33

31

29

27

25

23

21

19

17

15

Power prices for residents before and duringCovid-19

CA, US (USD Cents/kWh in March; Source eia)Germany (EUR Cents/kWh; Source BMWi, BDEW)Australia (AUD Cents/kWh Sep '19 vs Mar '20; Source Global Petrol Prices)

Lazard's Unsubsidized LevelizedCost of Energy, November 2019

2009 2011 2013 2015 2017 2019

Mea

n LC

OE

(USD

/MW

h)

350

300

250

200

150

100

50

0

400

2019 2020

2009$359

2020$40

33.00 33.80

30.43 31.47

19.32

20.49