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The federal Residential Energy Efficient Property Credit (income tax credit on IRS Form 5695) for residential PV and solar thermal was extended in December 2015 to remain at 30% of system cost (parts and installation) for systems put into service by the end of 2019, then 26% until the end of 2020, and then 22% until the end of 2021. It applies ...
The cost of a solar PV module make up the largest part of the total investment costs. As per the recent analysis of Solar Power Generation Costs in Japan 2021, module unit prices fell sharply. In 2018, the average price was close to 60,000 yen/kW, but by 2021 it is estimated at 30,000 yen/kW, so cost is reduced by almost half.
In 2020, the average price of electricity in Florida was 10.06 cents per kWh, ranking 21st-highest in the United States. The carbon dioxide produced was 848 lbs per MWh, ranking 24th in the United States. [2] The average price of electricity for residential use was 13.70 cents/kWh in February 2022, compared to 11.92 cents/kWh in February 2021. [4]
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It has a nameplate capacity of 25 megawatts (MW), [3] and produces an estimated 42,000 megawatt hours (MW·h) of electricity per year (an average output of about 4.8 MW). [4] [5] The plant cost $150 million to construct. [5] The plant consists of over 90,000 SunPower solar panels [3] with single-axis trackers on 235 acres (95 ha). [5]
FPL expects the $476 million [9] solar plant to reduce the combined-cycle power plant's natural gas consumption by 1.3 billion cubic feet (37 million m³) per year. [9] Over the 30-year life of the project, this is expected to save $178 million in fuel cost [ 10 ] and reduce carbon emissions by 2.75 million tons.
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