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U.S. Department of Energy
Office of Scientific and Technical Information

Solar energy economics for the county of Santa Barbara

Technical Report ·
OSTI ID:5140193
Economic analyses of domestic solar water heating for single and multi-family homes and pool heating for the County of Santa Barbara are presented. The Solar Finance life cycle cost computer program (SOLFIN) developed at the California Energy Commission has been used to develop cost comparisons of solar and competing conventional systems. Key assumptions were varied to determine the degree to which basic results might be altered. These key assumptions include: fuel price escalation rates, fraction of conventional fuel displaced by solar, maintenance cost; solar equipment installed cost, inflation rate, and discount rate. In addition, analyses were developed to examine the linkage between inflation rate and the mortgage rate, fuel price escalation rates and the consumer's discount rate. To assist in formulating appropriate governmental policies regarding the development of new energy supplies, the cost of solar (a new energy supply) was compared to the cost of owning and operating conventional systems using natural gas or electricity priced at the cost of new sources of these energy forms. Results are presented and discussed. (WHK)
Research Organization:
California Energy Commission, Sacramento (USA)
OSTI ID:
5140193
Report Number(s):
NP-25017
Country of Publication:
United States
Language:
English