Distributed Renewable Energy Operating Impacts and Valuation Study

Appendix C
Figure C-3. Average Cost of New Jersey PV Installations at Universities by Year
$10,000
New Jersery PV Program
Universities
Average Installed Cost
($/KWDC)
$9,000
$8,000
$7,000
$6,000
$5,000
2006 2007
Year
C.2.2 Schools (K-12)
In 2003 there were two school PV installations with an average capacity of 50.4 kW DC and an
average cost of $8,383 per kW DC . In 2004 there was only one PV installation with capacity of
12.6 kW DC and a cost of $9,343 per kW DC . For 2005, there were nine PV installations with an
average capacity of 169.8 kW DC at a cost of $6,980 per kW DC . Installations rose to 19 in 2006
with an average capacity of 158.4 kW DC at a cost of $7,207 per kW DC . There are currently 50
PV installations scheduled for completion in 2007/2008 with an average capacity of 227.3 kW DC
at a cost of $6,644 per kW DC .
The data show a trend of an increasing number of installations year over year as well as an
increasing average system capacity per installation. The data also show a trend of lower installed
system cost, which has been approximately $7,000 per kW DC from 2005 to present.
C-4 | R. W. Beck, Inc. Arizona Public Service