Importance of levelised cost of electricity (LCOE)
Gold Stone Energy Thailand
In comparing the financial benefits of which module technology to employ on your project, the effective levelised cost of electricity (LCOE) over the project lifetime should be used as the deciding metric and not just the dollars-per-peak-watt cost of respective modules. For grid-connected PV consumers, the ability to more closely match PV generation profiles with onsite demand througout the day - thus maximising the use of generated PV electricity rather than feeding it back into grids at reduced rates - can boots returns on a PV investment, despite a marginally higher upfront cost. Theoverrall long term generation and total savings of the total system should weight heavily rather than the initial dollar per peak watt.