 |
PM |  | |
Quote | | |
Reply | | |
Full Topic | |
| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
| Status: |
Offline
|
| Mana: |    |
The Queensland state government said on Sunday it would build the A$7 million ($6.5 million), 10-megawatt power station as part of a push to make Cloncurry one of the first towns to rely on solar power alone.
http://www.onlineconversion.com/
10 megawatt = 10 000 kilowatt
Per hour?
Kilowatthour = $ .13 at my house
$ 1,300.00 per hour
$7 million cost to build divided by 1,300.00 per hour
5385 hours
224 days
Try that backwards?
$ 1,300.00 times 24 hours per day = $ 32,200 per day
$ 32,200 times 224 days = $ 7,212,800.00
Power is powerful. How many years will the Solar Plant run and how much does Sunlight cost compared to Coal?
The Queensland government said the station would deliver about 30 million kilowatt hours of electricity a year, enough to power the entire town. It is expected to be running by early 2010.
http://www.onlineconversion.com/energy.htm
30 000 000 kilowatt hour = 30 000 megawatthour
30,000,000 times $ .13 = $3,900,000.00
Two years to pay off the cost (not including maintenance) of construction (7 million).
The Solar Panels I've looked at for sale have 25 year warrantees.
Suppose the Plant turns out 3 million for 20 years?
That is to say that 900 thousand is spent on maintenance and 5 years are spent to pay off the 7 million construction cost = a lot of room to haggle.
$3,000,000.00 times 20 = $60,000,000.00
Subtract the orignal cost of 7 million (make it 10 million to round off) and arrive at 50 million gain for 10 million invested.
How much is that as a percentage?
10 million spent returns 10 million and adds 50 more million to the investment over 25 years time.
This isn't too tough to see clearly. A home morgage is loaded from a bank for 30 years and the BANK recieves the entire principle plus double the cost of the house in 'interest'.
For a 10 million dollar house that would be 10 million profit to the bank.
10 million loaned.
10 million returned (principle).
10 million recieved as profit over 30 years time.
Solar Panel investment is better.
10 million invested
10 million paid back in less than 5 years.
50 million profit in 20 more years.
Last edited on Mon Nov 5th, 2007 03:40 pm by Joe Kelley