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		<title>Lowest Solar Panel Prices Per Watt 2009-10-20</title>
		<link>http://solarbythewatt.com/2009/10/21/lowest-solar-panel-prices-per-watt-2009-10-20/</link>
		<comments>http://solarbythewatt.com/2009/10/21/lowest-solar-panel-prices-per-watt-2009-10-20/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 02:30:05 +0000</pubDate>
		<dc:creator>SolarByTheWatt_com</dc:creator>
				<category><![CDATA[Analysis]]></category>
		<category><![CDATA[Commentary]]></category>
		<category><![CDATA[Lowest Prices Per Watt]]></category>
		<category><![CDATA[$/W]]></category>
		<category><![CDATA[average dollar per watt]]></category>
		<category><![CDATA[cheapest photovoltaic]]></category>
		<category><![CDATA[cheapest solar panels]]></category>
		<category><![CDATA[cost photovoltaic]]></category>
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		<category><![CDATA[dollar per Wp]]></category>
		<category><![CDATA[lowest price]]></category>
		<category><![CDATA[lowest price photovoltaic]]></category>
		<category><![CDATA[pv]]></category>
		<category><![CDATA[solar]]></category>
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		<category><![CDATA[solar panles lowest price]]></category>
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		<category><![CDATA[watt]]></category>

		<guid isPermaLink="false">http://solarbythewatt.com/?p=679</guid>
		<description><![CDATA[<a href="http://solarbythewatt.com/2009/10/21/lowest-solar-panel-prices-per-watt-2009-10-20/"><img class="alignleft size-full wp-image-80" title="Lowest Solar Panel Prices Per Watt 2009-10-20" src="http://solarbythewatt.com/wp-content/uploads/2009/02/dollar-per-watt-peak.jpg" alt="Dollar per Watt Peak" width="150" height="150" /></a>We are continuing our series of articles on <em>lowest prices per watt</em> for solar photovoltaic panels where every time we have changes in the price ranking we will publish a new article with corresponding date in the title.

We list the cheapest panels dollar per watt that we can find on the  internet and through direct research. We also include listings of products our readers submit to us through or Contact Us form or in the comments. Representatives of the different vendors are welcome to submit info about their products too.  Very differently from other "<em>cheapest solar panels</em> lists"  out there we will not charge you for that and we will not tell you the list is already full - yep, this is what some publishers of lowest prices in solar have told some of the vendors of realistically the cheapest panels in certain sizes. ]]></description>
			<content:encoded><![CDATA[<p><a href="http://solarbythewatt.com/wp-content/uploads/2009/02/dollar-per-watt-peak.jpg"><img class="alignleft size-full wp-image-80" title="Dollar per Watt Peak" src="http://solarbythewatt.com/wp-content/uploads/2009/02/dollar-per-watt-peak.jpg" alt="Dollar per Watt Peak" width="150" height="150" /></a>We are continuing our series of articles on <em>lowest prices per watt</em> for solar photovoltaic panels where every time we have changes in the price ranking we will publish a new article with corresponding date in the title.</p>
<p>We list the cheapest panels dollar per watt that we can find on the  internet and through direct research. We also include listings of products our readers submit to us through the <strong> Contact Us form</strong> or in <strong>the comments</strong>. Representatives of the different vendors are welcome to submit info about their products too.  Very differently from other &#8220;<em>cheapest solar panels</em> lists&#8221;  out there we will not charge you for that and we will not tell you the list is already full &#8211; yep, this is what some publishers of lowest prices in solar have told some of the vendors of realistically the cheapest panels in certain sizes. Yeah, we had a good laugh listening to the story of one of the vendors here trying to get listed with a web page claiming to be a free survey of the lowest prices. While these vendors were not allowed to be listed their after being asked for money and told that the list is full already there are companies on their list that are listed twice.</p>
<p>We do not claim at all that these are research and results of an absolute character. That is, we realize that there might be products, vendors, pricing structures for certain types of projects and quantities that we are not able to identify through our effort.</p>
<p>That is why nobody should get offended that their product brand or vendor company is not included in our research or they are not ranked correctly because we have not found out about their lowest, low or otherwise competitive prices.</p>
<p>While we maintain that prices as <strong>dollar per Watt</strong> (<strong>$/Wp</strong>, <strong>dollar per Watt peak</strong>) is the number that will take the solar power industry to the stage of playing a major role of resolving the gigantic issues the US and the world have with securing clean, safe and abundant source of energy, we also realize that with many products groups prices reflect many other things than just willingness of the manufactures and the marketers to provide an affordable product.</p>
<p>Namely, different prices may reflect different quality and quality preference of the market &#8211; i.e. higher quality products may maintain relatively higher prices given all other factors being equal.</p>
<p>Different prices may reflect different costs to manufacture products of certain type of technology. We are well aware that this is especially true with solar panels. We will try, as effort grows to provide a way for our readers to be able to separate prices listed and researched for different underlying technologies of products.</p>
<p>In this edition of the <em>lowest prices</em> article for example we are separating in different tables the three most popular commercially available cell technologies on which solar photovoltaic modules are based: monocrystalline, polycrystalline and thin-film. That should make it very easy for our readers to get to useful information about the competitors in the different technologies. Also it will give a chance for a vendor who offers a good price in one technology to not to be shadowed by a vendor with low price in the other technology.</p>
<p>We also have tried to include more sizes, that is make the list much longer in order to give chance for vendors that are not necessarily with the lowest price to show in the study. One thing you can expect in future editions is to see the lists broken down in different size ranges which should give even better chance for vendors to appear in their area of strength.</p>
<p>In any case if any reader, buyer or seller of solar products thinks that our best research effort has not presented certain vendors, brand or price &#8211; please, feel free to contact us and forward to us details of the the product and price you think we should list. We will add additional level to research to verify that such price is being offered on regular basis and will try to reflect this in our report.</p>
<p>The reason we believe prices in dollar per watt peak with solar photovoltaic modules is so critical for this industry to take off as a major player in resolving the energy issues the world has created for itself is that such price is a major factor in the economic efficiency of a solar power installation. See our article <a title="Economics of Solar Power" href="http://solarbythewatt.com/2009/03/30/economics-of-solar-power/" target="_blank">Economics of Solar Power</a> on this.</p>
<p>Have in mind in addition to the very sharply falling prices of solar modules what else is driving the further acceptance of this clean energy technology is the government incentives programs that exist in different places in the world including incentives on federal level in the US in the form of a 30% tax credit on total installation costs and other different state level subsidies and feed in tariffs.</p>
<p>Here is or current ranking:</p>
<h3>Monocrystalline</h3>
<p>($/Wp, $ per module, Wp of the module,  technology, Model, Brand,Vendor, URL to the vendor&#8217;s page)</p>
<p><strong>$2.25</strong> <strong>/ Wp</strong>, $416.25, 185W, Mono-crystalline, SMD185M, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$2.25</strong> <strong>/ Wp</strong>, $405.00, 180W, Mono-crystalline, SMD180M, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$2.25</strong> <strong>/ Wp</strong>, $540.00, 240W, Mono-crystalline, SMD240M, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a> (sizes over 190W from SolarMaxDirect.com are not UL listed)<br />
(SolarMaxDirect&#8217;s prices for less than a container size of order are $2.70)</p>
<p><strong>$3.20</strong> <strong>/ Wp</strong>, $544.00, 170W, Mono-crystalline, DMSOLAR 170 MONO, <span style="font-size: x-small;">BrightWatts</span>, DmSolar, <a title="DmSolar" href="http://www.dmsolar.com" target="_blank">http://www.dmsolar.com</a></p>
<p><strong>$3.40</strong> <strong>/ Wp</strong>, $594.41, 175W, Mono-crystalline, <span>NT-175U</span>, Sharp, Infinigi, <a title="http://www.infinigi.com" href="http://www.infinigi.com" target="_blank">http://www.infinigi.com</a></p>
<p><strong>$3.57</strong> <strong>/ Wp</strong>, $625.00, 175W,  Mono-crystalline, SW175, Solar World, Backwoods Solar, <a title="http://www.backwoodssolar.com/" href="http://www.backwoodssolar.com/" target="_blank">http://www.backwoodssolar.com</a></p>
<h3>Polycrystalline</h3>
<p>($/Wp, $ per module, Wp of the module, technology, Model, Brand, Vendor, URL to the vendor&#8217;s page)</p>
<p><strong>$2.25</strong> <strong>/ Wp</strong>, $427.50, 190W, Poly-crystalline, SMD190P, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$2.25</strong> <strong>/ Wp</strong>, $416.25, 185W, Poly-crystalline, SMD185P, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$2.25</strong> <strong>/ Wp</strong>, $405.00, 180W, Poly-crystalline, SMD180P, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$2.25</strong> <strong>/ Wp</strong>, $393.75, 175W, Poly-crystalline, SMD175P, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com/" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$2.25</strong> <strong>/ Wp</strong>, $382.50, 170W, Poly-crystalline, SMD170P, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com/" target="_blank">http://SolarMaxDirect.com</a><br />
(sizes over 190W from SolarMaxDirect.com are not UL listed)<br />
(SolarMaxDirect&#8217;s prices for less than a container size of order are $2.70)</p>
<p><strong>$2.43</strong> <strong>/ Wp</strong>, $509.97, 210W, Poly-crystalline, REC210AE, REC, The Solar Biz, <a title="http://www.thesolarbiz.com" href="http://www.thesolarbiz.com" target="_blank">http://www.thesolarbiz.com</a></p>
<p><strong>$2.43</strong> <strong>/ Wp</strong>, $533.97, 220W, Poly-crystalline, REC220AE, REC, The Solar Biz, <a title="http://www.thesolarbiz.com" href="http://www.thesolarbiz.com/" target="_blank">http://www.thesolarbiz.com</a></p>
<p><strong>$2.43</strong> <strong>/ Wp</strong>, $424.97, 175W, Poly-crystalline, BP 175B, BP Solar, The Solar Biz, <a title="http://www.thesolarbiz.com" href="http://www.thesolarbiz.com/" target="_blank">http://www.thesolarbiz.com</a></p>
<p><strong>$2.44</strong> <strong>/ Wp</strong>, $549.00, 225W, Poly-crystalline, REC EA US 225, REC, Sun Electronics, <a title="http://sunelec.com/" href="http://sunelec.com/" target="_blank">http://sunelec.com</a></p>
<p><strong>$2.54</strong> <strong>/ Wp</strong>, $558.00, 220W, Poly-crystalline, REC EA US 220, REC, Sun Electronics, <a title="http://sunelec.com/" href="http://sunelec.com/" target="_blank">http://sunelec.com</a></p>
<p><strong>$2.59</strong> <strong>/ Wp</strong>, $543.90, 210W, Poly-crystalline, REC210AE, REC, BeyondOilSolar, <a title="http://www.beyondoilsolar.com" href="http://www.beyondoilsolar.com" target="_blank">http://www.beyondoilsolar.com</a><br />
(many REC sizes from BeyondOilSolar are at this price)<a title="http://www.beyondoilsolar.com" href="http://www.beyondoilsolar.com" target="_blank"></a></p>
<p><strong>$2.60</strong> <strong>/ Wp</strong>, $312.00, 120W, Poly-crystalline, DMSOLAR 120 POLY, BrightWatts, DmSolar, <a title="http://www.dmsolar.com" href="http://www.dmsolar.com" target="_blank">http://www.dmsolar.com</a></p>
<p><strong>$2.68</strong> <strong>/ Wp</strong>, $522.60, 195W, Poly-crystalline, ES-A-195-fa3b, Evergreen, Sun Electronics, <a title="http://sunelec.com/" href="http://sunelec.com/" target="_blank">http://sunelec.com</a></p>
<p><strong>$2.89</strong> <strong>/ Wp</strong>, $635.80, 220W, Poly-crystalline, SCHOTT POLY 220, Schott, Affordable Solar, <a title="http://www.affordable-solar.com" href="http://www.affordable-solar.com" target="_blank">http://www.affordable-solar.com</a></p>
<p><strong>$2.99</strong> <strong>/ Wp</strong>, $523.25, 175W, Poly-crystalline, PV-UD175MF5, Mitsubishi Solar, Affordable Solar, <a title="http://www.affordable-solar.com" href="http://www.affordable-solar.com" target="_blank">http://www.affordable-solar.com</a></p>
<h3><strong>Thin-film</strong></h3>
<p>($/Wp, $ per module, Wp of the module, technology, Model, Brand,Vendor, URL to the vendor&#8217;s page)</p>
<p><strong>$3.87</strong> <strong>/ Wp</strong>, $232, 60W, Thin-film, Kaneka, GSA-60, Living Off The Grid, <a title="http://livingoffthegrid.ecrater.com" href="http://livingoffthegrid.ecrater.com" target="_blank">http://livingoffthegrid.ecrater.com</a></p>
<p><strong>$3.97</strong> <strong>/ Wp</strong>, $237.98W, Thin-film, Kaneka, GSA-60, Green Box Usa, <a title="http://www.greenboxusa.com" href="http://www.greenboxusa.com" target="_blank">http://www.greenboxusa.com</a></p>
<p>Feel free to send suggestions through comments on our articles or the Contact Us page.</p>
<p>Related articles on the web:</p>
<p><a href="http://news.google.com/news/url?sa=t&amp;ct2=us%2F0_0_s_18_0_t&amp;usg=AFQjCNFGohogA5Smjb2X34uo7xYLbEkIFA&amp;sig2=TeVHaign4hq7yVNJcqyt2A&amp;cid=1453936905&amp;ei=24HeSpCeEILK8AT25rufAw&amp;rt=SEARCH&amp;vm=STANDARD&amp;url=http%3A%2F%2Fwww.good.is%2Fpost%2Fthe-good-100-chinese-solar%2F" target="_self">The GOOD 100: Chinese Solar</a></p>
<p><a href="http://blogs.wsj.com/venturecapital/2009/10/20/this-years-top-10-largest-venture-funding-deals/?mod=rss_WSJBlog" target="_self">This Year&#8217;s Top 10 Largest Venture Funding Deals</a></p>
<p><a href="http://www.greentechmedia.com/articles/read/rooftop-solar-batteries-included/" target="_self">Rooftop Solar, Batteries Included</a></p>
<p><a href="http://newsroom.eworldwire.com/view_release.php?id=211304" target="_self">UL Certification Gives Green Light to GreenBrilliance for Nationwide &#8230;</a></p>
<p><a href="http://www.nytimes.com/2009/10/01/business/global/01tariff.html" target="_self">Solar Panel Tariff May Further Strain US-China Trade</a></p>
<p><a id="p-3:keDYbbRwtaGXnbvinLWs4w" href="http://cleantechnica.com/2009/10/20/homeowners-with-prime-california-sun-could-go-solar-for-10000-with-1bog/">Homeowners With Prime California Sun Could Go <strong>Solar</strong> For $10000 <strong>&#8230;</strong></a></p>
<p><a id="p-4:82KvZJoD49ydEDm2DSfcBg" href="http://solarenergy.hostei.com/solar-panel-loans/"><strong>Solar panel</strong> loans | <strong>Solar</strong> Energy</a></p>
<p><a id="p-5:cY2mrXGfZqhd4lcBbdy3vA" href="http://freakonomics.blogs.nytimes.com/2009/10/20/are-solar-panels-really-black-and-what-does-that-have-to-do-with-the-climate-debate/">Are <strong>Solar Panels</strong> Really Black? And What Does That Have to Do With <strong>&#8230;</strong></a></p>
<p><a id="p-9:Wfiowyx1xkvzHBds4abxvg" href="http://greeninc.blogs.nytimes.com/2009/10/16/bringing-low-cost-solar-to-the-worlds-poor/">Bringing Low-Cost <strong>Solar</strong> to the World&#8217;s Poor &#8211; Green Inc. Blog <strong>&#8230;</strong></a></p>
<p><a id="p-24:vFQejRQFrZyM1EVRiM43-w" href="http://www.solardave.com/index.php/why-did-solar-panel-prices-drop-so-much-video/">Why Did <strong>Solar Panel Prices</strong> Drop So Much [Video]</a></p>
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</strong></p>
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		<title>Lowest Solar Panel Prices Per Watt 2009-04-24</title>
		<link>http://solarbythewatt.com/2009/04/23/lowest-solar-panel-prices-per-watt-2009-04-24/</link>
		<comments>http://solarbythewatt.com/2009/04/23/lowest-solar-panel-prices-per-watt-2009-04-24/#comments</comments>
		<pubDate>Thu, 23 Apr 2009 17:04:57 +0000</pubDate>
		<dc:creator>SolarByTheWatt_com</dc:creator>
				<category><![CDATA[Analysis]]></category>
		<category><![CDATA[Lowest Prices Per Watt]]></category>
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		<category><![CDATA[$/W]]></category>
		<category><![CDATA[average dollar per watt]]></category>
		<category><![CDATA[cheapest photovoltaic]]></category>
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		<guid isPermaLink="false">http://solarbythewatt.com/?p=554</guid>
		<description><![CDATA[<a href="http://solarbythewatt.com/2009/04/23/lowest-solar-panel-prices-per-watt-2009-04-24/"><img class="alignleft size-full wp-image-80" title="Lowest Solar Panel Prices Per Watt 2009-04-24" src="http://solarbythewatt.com/wp-content/uploads/2009/02/dollar-per-watt-peak.jpg" alt="Dollar per Watt Peak" width="150" height="150" /></a>We are continuing our series of articles on <em>lowest prices per watt</em> for solar photovoltaic panels where every time we have changes in the price ranking we will publish a new article with corresponding date in the title.

We list the cheapest panels dollar per watt that we can find on the  internet and through direct research. We also include listings of products our readers submit to us through or Contact Us form or in the comments. Representatives of the different vendors are welcome to submit info about their products too.  Very differently from other "<em>cheapest solar panels</em> lists"  out there we will not charge you for that and we will not tell you the list is already full - yep, this is what some publishers of lowest prices in solar have told some of the vendors of realistically the cheapest panels in certain sizes. ]]></description>
			<content:encoded><![CDATA[<p><a href="http://solarbythewatt.com/wp-content/uploads/2009/02/dollar-per-watt-peak.jpg"><img class="alignleft size-full wp-image-80" title="Dollar per Watt Peak" src="http://solarbythewatt.com/wp-content/uploads/2009/02/dollar-per-watt-peak.jpg" alt="Dollar per Watt Peak" width="150" height="150" /></a>We are continuing our series of articles on <em>lowest prices per watt</em> for solar photovoltaic panels where every time we have changes in the price ranking we will publish a new article with corresponding date in the title.</p>
<p>We list the cheapest panels dollar per watt that we can find on the  internet and through direct research. We also include listings of products our readers submit to us through or Contact Us form or in the comments. Representatives of the different vendors are welcome to submit info about their products too.  Very differently from other &#8220;<em>cheapest solar panels</em> lists&#8221;  out there we will not charge you for that and we will not tell you the list is already full &#8211; yep, this is what some publishers of lowest prices in solar have told some of the vendors of realistically the cheapest panels in certain sizes. Yeah, we had a good laugh listening to the story of one of the vendors here trying to get listed with a web page claiming to be a free survey of the lowest prices. While these vendors were not allowed to be listed their after being asked for money and told that the list is full already there are companies on their list that are listed twice.</p>
<p>We do not claim at all that these are research and results of an absolute character. That is, we realize that there might be products, vendors, pricing structures for certain types of projects and quantities that we are not able to identify through our effort.</p>
<p>That is why nobody should get offended that their product brand or vendor company is not included in our research or they are not ranked correctly because we have not found out about their lowest, low or otherwise competitive prices.</p>
<p>While we maintain that prices as <strong>dollar per Watt</strong> (<strong>$/Wp</strong>, <strong>dollar per Watt peak</strong>) is the number that will take the solar power industry to the stage of playing a major role of resolving the gigantic issues the US and the world have with securing clean, safe and abundant source of energy, we also realize that with many products groups prices reflect many other things than just willingness of the manufactures and the marketers to provide an affordable product.</p>
<p>Namely, different prices may reflect different quality and quality preference of the market &#8211; i.e. higher quality products may maintain relatively higher prices given all other factors being equal.</p>
<p>Different prices may reflect different costs to manufacture products of certain type of technology. We are well aware that this is especially true with solar panels. We will try, as effort grows to provide a way for our readers to be able to separate prices listed and researched for different underlying technologies of products.</p>
<p>In this edition of the <em>lowest prices</em> article for example we are separating in different tables the three most popular commercially available cell technologies on which solar photovoltaic modules are based: monocrystalline, polycrystalline and thin-film. That should make it very easy for our readers to get to useful information about the competitors in the different technologies. Also it will give a chance for a vendor who offers a good price in one technology to not to be shadowed by a vendor with low price in the other technology.</p>
<p>We also have tried to include more sizes, that is make the list much longer in order to give chance for vendors that are not necessarily with the lowest price to show in the study. One thing you can expect in future editions is to see the lists broken down in different size ranges which should give even better chance for vendors to appear in their area of strength.</p>
<p>In any case if any reader, buyer or seller of solar products thinks that our best research effort has not presented certain vendors, brand or price &#8211; please, feel free to contact us and forward to us details of the the product and price you think we should list. We will add additional level to research to verify that such price is being offered on regular basis and will try to reflect this in our report.</p>
<p>The reason we believe prices in dollar per watt peak with solar photovoltaic modules is so critical for this industry to take off as a major player in resolving the energy issues the world has created for itself is that such price is a major factor in the economic efficiency of a solar power installation. See our article <a title="Economics of Solar Power" href="http://solarbythewatt.com/2009/03/30/economics-of-solar-power/" target="_blank">Economics of Solar Power</a> on this.</p>
<p>Have in mind in addition to the very sharply falling prices of solar modules what else is driving the further acceptance of this clean energy technology is the government incentives programs that exist in different places in the world including incentives on federal level in the US in the form of a 30% tax credit on total installation costs and other different state level subsidies and feed in tariffs.</p>
<p>Here is or current ranking:</p>
<h3>Monocrystalline</h3>
<p>($/Wp, $ per module, Wp of the module, nominal voltage, technology, Brand, Model, Vendor, URL to the vendor&#8217;s page)</p>
<p><strong>$3.15</strong> <strong>/ Wp</strong>, $630, 200W, 43.60V, Mono-crystalline, SMD200M, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$3.30</strong> <strong>/ Wp</strong>, $726, 220W, 45.2V, Mono-crystalline, SMD220M, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$3.30</strong> <strong>/ Wp</strong>, $610.50, 185W, 36V, Mono-crystalline, SMD185M, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$5.03</strong> <strong>/ Wp</strong>, $1,005.00, 200W, 42V, Mono-crystalline, HIT-200BA19, Sanyo, atlE Store, <a title="http://store.altenergystore.com" href="http://store.altenergystore.com" target="_blank">http://store.altenergystore.com</a></p>
<p><strong>$5.16</strong> <strong>/ Wp</strong>, $1,032, 200W, 55.8V, Mono-crystalline, HIP-200BA19, Sanyo, Affordable Solar Group LLC, <a title="http://www.affordable-solar.com" href="http://www.affordable-solar.com" target="_blank">http://www.affordable-solar.com</a></p>
<p><strong>$5.52</strong> <strong>/ Wp</strong>, $552, 100W, 18V, Mono-crystalline, SW100C, Sunwize, atlE Store, <a title="http://store.altenergystore.com" href="http://store.altenergystore.com" target="_blank">http://store.altenergystore.com</a></p>
<h3>Polycrystalline</h3>
<p>($/Wp, $ per module, Wp of the module, nominal voltage, technology, Brand, Model, Vendor, URL to the vendor&#8217;s page)</p>
<p><strong>$2.95</strong> <strong>/ Wp</strong>, $516.25, 175W, 24.2V, Poly-crystalline, SMD175P, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$3.30</strong> <strong>/ Wp</strong>, $445.50, 135W, 20.6V, Poly-crystalline, SMD135P, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$3.30</strong> <strong>/ Wp</strong>, $594.00, 180W, 24.2V, Poly-crystalline, SMD180P, SolarMaxDirect, SolarMaxDirect.com, <a title="http://SolarMaxDirect.com" href="http://solarmaxdirect.com" target="_blank">http://SolarMaxDirect.com</a></p>
<p><strong>$3.54</strong> <strong>/ Wp</strong>, $637, 180W, 24V, Poly-crystalline, CSI ECOSENSE CS6P-180, Canadian Solar, Affordable Solar Group LLC, <a title="http://www.affordable-solar.com" href="http://www.affordable-solar.com" target="_blank">http://www.affordable-solar.com</a></p>
<p><strong>$3.56</strong> <strong>/ Wp</strong>, $142.49, 40W, 17.3V, Poly-crystalline, BP Solar, Discount Sales Electronics, <a title="http://discountsales.com" href="http://discountsales.com" target="_blank">http://discountsales.com</a></p>
<p><strong>$3.94</strong> <strong>/ Wp</strong>, $630, 160W, 24.9V, Poly-crystalline, ES-160-A, Evergreen Solar, KULLY Solar, <a title="http://kullysolar.com" href="http://kullysolar.com" target="_blank">http://kullysolar.com</a></p>
<p><strong>$4.62</strong> <strong>/ Wp</strong>, $1,016, 220W, 28.7V, Poly-crystalline, SCM220, REC Solar, Affordable Solar Group LLC, <a title="http://www.affordable-solar.com" href="http://www.affordable-solar.com" target="_blank">http://www.affordable-solar.com</a></p>
<p><strong>$5.48 / Wp</strong>, $328.88, 60W, 12V, Poly-crystalline, CD Tech Solar, RV Fun Products, <a title="http://www.rvfunproducts.com" href="http://www.rvfunproducts.com" target="_blank">http://www.rvfunproducts.com</a></p>
<h3>Thin-film</h3>
<p>($/Wp, $ per module, Wp of the module, nominal voltage, technology, Brand, Model, Vendor, URL to the vendor&#8217;s page)</p>
<p><strong>$3.83</strong> <strong>/ Wp</strong>, $230, 60W, 67V, Thin-film, Kaneka, GSA-60, Living Off The Grid, <a title="http://livingoffthegrid.ecrater.com" href="http://livingoffthegrid.ecrater.com" target="_blank">http://livingoffthegrid.ecrater.com</a></p>
<p>Feel free to send suggestions through comments on our articles or the Contact Us page.</p>
<p>Related articles on the web:</p>
<p><a href="http://blogs.wsj.com/venturecapital/2009/04/22/applying-moores-law-to-solar-technology/?mod=rss_WSJBlog" target="_blank">Wall Street Journal &#8211; Applying Moore&#8217;s Law To Solar</a></p>
<p><a href="http://news.google.com/news/url?sa=t&amp;ct2=us%2F0_0_s_6_0_t&amp;usg=AFQjCNFdMUNV73BM0AKEc5lbaMevdckLAw&amp;sig2=W-TzTNHd-IYbVoZxaH1Uhg&amp;cid=1339060873&amp;ei=EJvwSfj1H9ywmAep8-eKAQ&amp;rt=SEARCH&amp;vm=STANDARD&amp;url=http%3A%2F%2Fwww.chicagotribune.com%2Fnews%2Fchi-wed-solar-powerapr22%2C0%2C7870146.story" target="_blank">Chicago Tribune &#8211; ?xelon plans to build solar power plant on Chicago&#8217;s South Side</a></p>
<p><a href="http://blogs.barrons.com/techtraderdaily/2009/04/22/solar-citi-says-installers-see-10-25-module-price-cut/" target="_blank">Barron&#8217;s Blogs &#8211; Solar: Citi Says Installers See 10%-25% Module Price Cut</a></p>
<p><a id="p-2:ww_s-AQQKMpohH3SFRpg-w" href="http://www.cleantech.com/news/4395/moores-law-solar-neal-dikeman">Cleantech Group &#8211; </a><a id="p-2:ww_s-AQQKMpohH3SFRpg-w" href="http://www.cleantech.com/news/4395/moores-law-solar-neal-dikeman" target="_blank">The REAL story on Moore&#8217;s Law &amp; solar</a></p>
<p><a id="p-9:3gcjAKQzLBXU8ZtmYcKHfw" href="http://www.truthout.org/042209EA" target="_blank">t r u t h o u t &#8211; Exelon Plans to Build Solar Power Plant</a></p>
<p><a id="p-4:g4Asu6u2NXwxyR1MjWRX1Q" href="http://www.tgdaily.com/content/view/42128/178/" target="_blank">TG Daily &#8211; Texas to fund half billion solar project</a></p>
<p><a id="p-6:j9PFtP4m_Fjf86ypff6MKw" href="http://www.mydollarplan.com/solar-energy-tax-credit-will-you-install-solar-panels/" target="_blank">My Dollar Plan &#8211; Solar Energy Tax Credit Details</a></p>
<p><a id="p-3:T5A6_60xZFLfTjAtQ9Z3wg" href="http://www.geek.com/articles/chips/cost-of-solar-grade-poly-silicon-ingots-decreasing-rapidly-20090415/" target="_blank">Geek.com &#8211; Cost of solar-grade poly-silicon ingots decreasing rapidly &#8230;</a></p>
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<p>SolarByTheWatt.com &#8211; Solar By The Watt</p>
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		<title>Economics of Solar Power</title>
		<link>http://solarbythewatt.com/2009/03/30/economics-of-solar-power/</link>
		<comments>http://solarbythewatt.com/2009/03/30/economics-of-solar-power/#comments</comments>
		<pubDate>Mon, 30 Mar 2009 02:25:22 +0000</pubDate>
		<dc:creator>SolarByTheWatt.com</dc:creator>
				<category><![CDATA[Analysis]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[annual return]]></category>
		<category><![CDATA[cost dollar per watt]]></category>
		<category><![CDATA[dollar per watt]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[efficiency]]></category>
		<category><![CDATA[efficient]]></category>
		<category><![CDATA[electricity]]></category>
		<category><![CDATA[insolation]]></category>
		<category><![CDATA[kilowatt]]></category>
		<category><![CDATA[kilowatt hour]]></category>
		<category><![CDATA[percent annual return]]></category>
		<category><![CDATA[photovoltaic]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[renewable energy]]></category>
		<category><![CDATA[solar]]></category>
		<category><![CDATA[solar cost]]></category>
		<category><![CDATA[solar energy]]></category>
		<category><![CDATA[solar panel]]></category>
		<category><![CDATA[solar photovoltaic]]></category>
		<category><![CDATA[solar power]]></category>
		<category><![CDATA[solar systems]]></category>
		<category><![CDATA[watt]]></category>

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		<description><![CDATA[<p class="MsoNormal"><a href="http://solarbythewatt.com/2009/03/30/economics-of-solar-power/"><img class="alignleft size-thumbnail wp-image-454" title="Economics of Solar Power" src="http://solarbythewatt.com/wp-content/uploads/2009/03/percent-annual-return-150x150.jpg" alt="Percent Annual Return" width="150" height="150" title="Economics of Solar Power" /></a>One of the most frequently asked questions to consultants and specialists in the solar energy industry is <em>how efficient is the investment</em> in a solar power installation – small or large.</p>
<p class="MsoNormal"><!--[if !supportEmptyParas]--> <!--[endif]--></p>
<p class="MsoNormal">We want to look at a very simple model of economic efficiency where are interested in the <strong>annual return on investment</strong>. A project involving a solar photovoltaic installation requires certain amount of capital to be built and will expect certain amount of annual revenue. The simple indicator of efficiency that we want to study is this annual return in invested capital.</p>]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal"><a href="http://solarbythewatt.com/2009/03/30/economics-of-solar-power"><img class="alignleft size-thumbnail wp-image-454" title="Percent Annual Return" src="http://solarbythewatt.com/wp-content/uploads/2009/03/percent-annual-return-150x150.jpg" alt="Percent Annual Return" width="150" height="150" /></a>One of the most frequently asked questions to consultants and specialists in the solar energy industry is <em>how efficient is the investment</em> in a solar power installation – small or large.</p>
<p class="MsoNormal"><a title="Jump Directly to Calculaton Tables" href="#tables" target="_self">(jump directly to calculation tables)</a></p>
<p class="MsoNormal">We want to look at a very simple model of economic efficiency where are we interested in the <strong>annual return on investment</strong>. A project involving a solar photovoltaic installation requires certain amount of capital to be built and will expect certain amount of annual revenue. The simple indicator of efficiency that we want to study is this annual return on invested capital.</p>
<p class="MsoNormal">There are more complex models that also include the cost of capital. In a model that studies the cost of the electricity produced for example the cost of capital and factored in return for the investor could be very important factors. Cost of capital on its own can be a complex concept too. Whether the capital is borrowed and the cost will be defined by the interest rate of the loan or is cash participation from the investor and the cost will be defined by other opportunities the investor has to invest in (including risk free investments) or the combination of the two, cost of capital is very significant factor in such models.</p>
<p class="MsoNormal">We simplify our model to the level of looking at potential return from invested amount of capital. Further investment efficiency study and study on the cost of production of electricity should involve cost of capital.</p>
<p class="MsoNormal">We will also try to come to tables of calculated efficiency depending on different factors but not the size of the installation. The size of the installation definitely impacts the efficiency of a project. This is the traditional<span> </span>concept of economy if scales. A larger project will be expected to be more efficient over all because of the spread fixed expenses that the project has. But we will be building our model around the idea of dollar per watt, dollar per watt peak, so that it is applicable to different. The efficiency that comes from scale can be reflected in the factors going in to our model – specifically <em>cost to build</em>.</p>
<p class="MsoNormal">Another factor not included in our model is the maintenance cost of the solar installation. We are hoping that the reader can find resources which will indicate dollar per watt peak what the expected cost to maintain the station are.</p>
<p class="MsoNormal">The factors that expect to influence our model are: <strong>cost to build</strong> the power installation, <strong>insolation</strong> at the geographic location, <strong>electricity market price</strong>.</p>
<p class="MsoNormal">The <strong>cost to build</strong> the power installation includes:</p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal">the      price of the core photovoltaic components employed: modules, panels,      arrays (what exactly list of such components we deal with depends on the      design and configuration of the installation),</li>
<li class="MsoNormal">the      price of the mounting equipment (trackers and, or positioning frames) and      wiring;</li>
<li class="MsoNormal">price      of inverters and grid connection equipment</li>
<li class="MsoNormal">service      and labor cost to assemble</li>
<li class="MsoNormal">management      and administration costs and costs of permits</li>
</ul>
<p class="MsoNormal">The <strong>insolation</strong> at the geographic location. The insolation is the amount of solar light energy falling on the surface of the earth at a given geographic location per certain amount of area in the span of certain unit of time. More specifically the unit of measure used is watt per square meter (W/m<sup>2</sup>) or also kilowatt hour per square meter per day (kWh/m<sup>2</sup>/day). Insolation in<span> </span>Europe, just for reference purposes, approximately, ranges between 1,000 to 2,000 kWh per year per installed kWp, in the continental US – between 800 to 2,100 kWh per year per installed kWp for different regions. Exact numbers can be found in different reference tables and insolation maps on the internet and elsewhere.</p>
<p class="MsoNormal">In the photovoltaic industry a measure of insolation is employed which helps us more directly figure out how much electricity in kilowatt hours (kWh) we can produced annually from an installed nominal watt (Wp) – that is kilowatt hours annually per installed kWp (kWh/kWp/y).</p>
<p class="MsoNormal">The <strong>market price of the electricity</strong> produced. Since we are trying to figure out economic efficiency – annual return on investment we need to involve in the model:</p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal">the      price of the electricity we produce and sell to the grid</li>
</ul>
<p class="MsoNormal" style="margin-left: 0.25in;">
<p class="MsoNormal" style="margin-left: 0.25in;">or conversely</p>
<p class="MsoNormal" style="margin-left: 0.25in;">
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal">the      price of the amount of electricity we offset that we were otherwise going      to pay for at such market price.</li>
</ul>
<p class="MsoNormal">In many places in the world – by country or by specific territory (state, other subdivision) there are financial incentives for investors in photovoltaic power stations in the way of a special feed-in-tariff. These usually are higher price the grid pays to energy producers who utilize photovoltaic power stations. If we have to give some examples these countries have the following feed-in-tariffs (unit of measure is Euros per kWh since classically many of the notable incentives started in Europe and that is the currency used there): Austria 0.57 – 0.59, Germany 0.52 – 0.57, Italy, 0.36 – 0.49, France 0.30 – 0.55, Spain 0.19 – 0.44, Switzerland 0.10 – 0.50, Israel 0.14 – 0.16, Bulgaria 0.40.</p>
<p class="MsoNormal"><strong>The formula.</strong></p>
<p class="MsoNormal">The annual return on investment in a solar power station will be the annual income from sold (or offset electricity) divided by the amount of the investment.</p>
<p class="MsoNormal"><strong>Annual return on investment</strong> = annual income ($) / investment amount ($).</p>
<p class="MsoNormal">The annual income is the market price of the electricity in dollar ($) per kilowatt hour (kWh) times the amount of energy produced in an year in kilowatt hours (kWh).</p>
<p class="MsoNormal"><strong>Annual income ($)</strong> = production per year (kWh) x market price ($/kWh)</p>
<p class="MsoNormal">The production per year is the solar insolation in kilowatt hours per year per kilowatt peak installed times the installed capacity/power in kilowatt peak (kWp).</p>
<p class="MsoNormal"><strong>Production per year (kWh) =</strong> insolation (kWh/y/kWp) x installed capacity (kWp) .</p>
<p class="MsoNormal">So that we can work on dollar per watt basis we will express the investment amount by the investment cost per watt.</p>
<p class="MsoNormal"><strong>Investment amount ($)</strong> = total cost per watt ($/Wp) x installed capacity (kWp) x 1,000</p>
<p class="MsoNormal">– the 1,000 factor  is to adjust the dollar per watt unit to the kWp in which we are measuring the installed power.</p>
<p class="MsoNormal">So the complete formula for the annual return on investment will be:</p>
<p class="MsoNormal">Annual return on investment = annual income ($) / investment amount ($)</p>
<p class="MsoNormal">If we use the formula for the annual income we get:</p>
<p class="MsoNormal">= production per year (kWh) x market price ($/kWh) / (total cost per watt ($/Wp) x installed capacity (kWp) x 1,000)</p>
<p class="MsoNormal">If we use the formula for the production per year we come to:</p>
<p class="MsoNormal">=<span> </span>insolation (kWh/y/kWp) x installed capacity (kW) x market price ($/kWh) / (total cost per watt ($/Wp) x installed capacity (kWp) x 1,000)</p>
<p class="MsoNormal">Here we can get rid of the installed capacity (kWp) in the numerator and denominator and get to:</p>
<p class="MsoBodyText"><strong>Annual return on investment<br />
=<span> </span>insolation (kWh/y/kWp)   x   market price ($/kWh)<br />
/  ( total cost per watt ($/Wp)   x   1,000 )</strong></p>
<p class="MsoNormal">Let’s use the formula in an <strong>example</strong> where <strong>$7 per watt</strong> were spend in the building of the station, the <strong>insolation is 1,200</strong> kWh per installed kWp and there is a <strong>$0.52 feed-in-tariff</strong> for the electricity produced.</p>
<p class="MsoNormal">Annual return on investment =<span> </span>1,200<span> </span>x 0.52<span> </span>/ (7<span> </span>x 1,000) = 624 / 7,000 = <strong>8.92%</strong>.</p>
<p class="MsoNormal">This calculated rate now can be compared to cost of capital and maintenance cost can be factored in to look for some more complete number of real economic return.</p>
<p class="MsoNormal">In addition to this formula the following tables can be used to get to approximate numbers:</p>
<p class="MsoNormal">The first table is given for insolation of 1,000 (this can be easily factored if we know the specific insolation, i.e. for 1,500 we just have to multiply by 1.5, for 2,200 we simply multiply by 2.2, etc.)</p>
<p class="MsoNormal">The investment cost per watt is given in a very wide range of $3 to $10 per watt but it is not implied that these are possible, practical or easy to obtain prices in reality. Our research shows that large industrial project can reach down to $6 per watt of such cost and smaller commercial and residential projects can go up to $10 and even $15 per watt peak installed.</p>
<p class="MsoNormal">The price for kWh of electricity is given in a range of $0.05 to $0.60 to reflect different market prices for electric energy and all possible feed in tariffs.</p>
<p><a name="tables"></a></p>
<p class="MsoNormal"><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:DoNotOptimizeForBrowser /> </w:WordDocument> </xml><![endif]-->Annual Return on Investment At <strong>Insolation of 1,000</strong> kWh/kWp:</p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 384pt; height: 12.75pt;" colspan="8" width="512" valign="bottom">
<p class="MsoNormal" style="text-align: center;"><strong><span style="font-size: 10pt; font-family: Arial;">Cost   to build, dollar per watt peak ($/Wp)</span></strong></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;">Price<br />
$/kWh</span></strong><strong></strong></td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">3.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">4.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">5.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">6.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">7.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">8.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">9.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">10.00</span></strong><strong></strong></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.05</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">0.83%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">0.71%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">0.63%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">0.56%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">0.50%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.10</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.43%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.11%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.15</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.14%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.88%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.50%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.20</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.86%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.22%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.25</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.17%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.57%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.13%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.78%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.50%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.30</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.29%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.35</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.83%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.38%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.89%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.50%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.40</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">13.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.71%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.44%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.45</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">9.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.43%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.63%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.50%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.50</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">16.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.14%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.56%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.55</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">18.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">13.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">9.17%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.86%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.88%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.11%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.50%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.60</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">20.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 52.1pt; height: 12.75pt;" width="69" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.57%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 43.9pt; height: 12.75pt;" width="59" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.00%</span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal">Annual Return on Investment At <strong>Insolation of  1,500</strong> kWh/kWp:</p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 384pt; height: 12.75pt;" colspan="8" width="512" valign="bottom">
<p class="MsoNormal" style="text-align: center;"><strong><span style="font-size: 10pt; font-family: Arial;">Cost   to build, dollar per watt peak ($/Wp)</span></strong></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;">Price   $/kWh</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">3.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">4.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">5.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">6.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">7.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">8.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">9.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">10.00</span></strong><strong></strong></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.05</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.88%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.07%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">0.94%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">0.83%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">0.75%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.10</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.14%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.88%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.50%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.15</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.63%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.21%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.81%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.25%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.20</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.29%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.25</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">9.38%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.36%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.69%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.17%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.75%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.30</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">9.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.43%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.63%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.50%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.35</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">17.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">13.13%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.56%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.83%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.25%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.40</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">20.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.57%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.45</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">22.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">16.88%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">13.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">9.64%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.44%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.75%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.50</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">25.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">18.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.71%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">9.38%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.55</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">27.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">20.63%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">16.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">13.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.79%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.31%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">9.17%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.25%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.60</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">30.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">22.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">18.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.86%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48.95pt; height: 12.75pt;" width="65" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 41.35pt; height: 12.75pt;" width="55" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">9.00%</span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal">Annual Return on Investment At <strong>Insolation of 2,000</strong> kWh/kWp:</p>
<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 384pt; height: 12.75pt;" colspan="8" width="512" valign="bottom">
<p class="MsoNormal" style="text-align: center;"><strong><span style="font-size: 10pt; font-family: Arial;">Cost   to build, dollar per watt peak ($/Wp)</span></strong></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;">Price   $/kWh</span></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">3.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">4.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">5.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">6.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">7.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">8.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">9.00</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">10.00</span></strong><strong></strong></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.05</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.43%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.11%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">1.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.10</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.86%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.22%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">2.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.15</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.29%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">3.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.20</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">13.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.71%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.44%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">4.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.25</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">16.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.14%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.56%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">5.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.30</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">20.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.57%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">6.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.35</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">23.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">17.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">14.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.78%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">7.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.40</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">26.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">20.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">16.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">13.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.43%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.89%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">8.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.45</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">30.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">22.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">18.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.86%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.25%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">9.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.50</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">33.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">25.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">20.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">16.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">14.29%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.11%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">10.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.55</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">36.67%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">27.50%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">22.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">18.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.71%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">13.75%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.22%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">11.00%</span></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding: 0.75pt 0.75pt 0in; width: 36.75pt; height: 12.75pt;" width="49" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><strong><span style="font-size: 10pt; font-family: Arial;">0.60</span></strong><strong></strong></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">40.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">30.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">24.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">20.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">17.14%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">15.00%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">13.33%</span></p>
</td>
<td style="padding: 0.75pt 0.75pt 0in; width: 48pt; height: 12.75pt;" width="64" valign="bottom">
<p class="MsoNormal" style="text-align: right;" align="right"><span style="font-size: 10pt; font-family: Arial;">12.00%</span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal">
<p class="MsoNormal">
<p class="MsoNormal">To factor in the cost of capital  in the numbers from these tables one needs to subtract the cost of capital as a percentage. For example if the cost of capital is 4%  that has to be subtracted from the numbers in the tables above. Similar adjustment can be made for to factor in the maintenance costs.</p>
<p class="MsoNormal"><em>Configuration efficiency, (performance ratio)</em>. We do not know whether this term is discussed in other research in length but we want to mention it for this reason: projects with equal labeled peak power – watt peak (Wp), nominal power, if taken directly from the labeled peak power of the modules involved can have <em>different</em> overall output electricity production – kilowatt hour (kWh) per year at the same geographic location. This could be because of how different modules perform when positioned with trackers or mounted stationary, or how well they perform in different cloud conditions etc. etc. So, realistically the nominal installed power (Wp) that can be used with insolation numbers to figure out annual production can be different for different installations mainly because of the type of modules used a the specific conditions (insolation, cloudiness, positioning etc.) For the different projects this factor has to be specifically researched based on data from similar configuration used in existing projects. By information we can get to such factor can vary between 0.75 and 1.4 – i.e. the electricity produced in a year from the installation in kWh may vary from the above calculation for known insolation from –25% to +40% from the indicated.</p>
<p class="MsoNormal">Related Articles:</p>
<p class="MsoNormal"><a title="Solar Energy Land Area Efficiency or How Many Acres per MW, kWp per Acre " href="../2009/03/09/solar-energy-land-area-efficiency-or-how-much-acres-per-mw-kwp-per-acre/" target="_self">Solar Energy Land Area Efficiency or How Many Acres per MW, kWp per Acre </a></p>
<p class="MsoNormal"><a title="Can Solar Energy Completely Replace Fossil Fuel and Other Sources?" href="../2009/03/05/can-solar-replace-fossil-fuels/" target="_self">Can Solar Energy Completely Replace Fossil Fuel and Other Sources? </a></p>
<p class="MsoNormal"><a title="A Short Science Lesson for Journalists – Watts, Kilowatts, Megawatts, Kilowatt Hours" href="../2009/03/04/science-lesson-for-journalists-watts-kilowatts-megawatts-kilowatt-hours/" target="_self">A Short Science Lesson for Journalists – Watts, Kilowatts, Megawatts, Kilowatt Hours</a></p>
<p class="MsoNormal"><a title="Lowest Solar Panel Prices Per Watt 2009-02-24" href="../2009/02/24/lowest-prices-per-watt-2009-02-24/" target="_self">Lowest Solar Panel Prices Per Watt 2009-02-24</a></p>
<p class="MsoNormal">Resources:</p>
<p class="MsoNormal"><a href="http://en.wikipedia.org/wiki/Photovoltaic">http://en.wikipedia.org/wiki/Photovoltaic</a></p>
<p class="MsoNormal"><a href="http://en.wikipedia.org/wiki/Insolation">http://en.wikipedia.org/wiki/Insolation</a></p>
<p class="MsoNormal"><a href="http://en.wikipedia.org/wiki/Feed-in_Tariff">http://en.wikipedia.org/wiki/Feed-in_Tariff</a></p>
<p class="MsoNormal"><a href="http://en.wikipedia.org/wiki/PV_financial_incentives">http://en.wikipedia.org/wiki/PV_financial_incentives</a></p>
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		<title>A Short Science Lesson for Journalists – Watts, Kilowatts, Megawatts, Kilowatt Hours.</title>
		<link>http://solarbythewatt.com/2009/03/04/science-lesson-for-journalists-watts-kilowatts-megawatts-kilowatt-hours/</link>
		<comments>http://solarbythewatt.com/2009/03/04/science-lesson-for-journalists-watts-kilowatts-megawatts-kilowatt-hours/#comments</comments>
		<pubDate>Wed, 04 Mar 2009 14:57:05 +0000</pubDate>
		<dc:creator>SolarByTheWatt.com</dc:creator>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[$/W]]></category>
		<category><![CDATA[amp]]></category>
		<category><![CDATA[amper]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[kilowatt]]></category>
		<category><![CDATA[kilowatt hour]]></category>
		<category><![CDATA[kW]]></category>
		<category><![CDATA[kWh]]></category>
		<category><![CDATA[megawatt]]></category>
		<category><![CDATA[megawatt hour]]></category>
		<category><![CDATA[MW]]></category>
		<category><![CDATA[MWh]]></category>
		<category><![CDATA[power]]></category>
		<category><![CDATA[solar]]></category>
		<category><![CDATA[solar energy]]></category>
		<category><![CDATA[solar power plant]]></category>
		<category><![CDATA[solar system]]></category>
		<category><![CDATA[volt]]></category>
		<category><![CDATA[watt]]></category>
		<category><![CDATA[watt hour]]></category>
		<category><![CDATA[Wh]]></category>

		<guid isPermaLink="false">http://solarbythewatt.com/?p=189</guid>
		<description><![CDATA[<a href="http://solarbythewatt.com/2009/03/04/science-lesson-for-journalists-watts-kilowatts-megawatts-kilowatt-hours/"><img class="alignleft size-thumbnail wp-image-194" title="Electric Meter Showing Power in kW and Energy in kWh" src="http://solarbythewatt.com/wp-content/uploads/2009/03/kwh-kw-w-watt-kilowatt1-150x150.jpg" alt="Electric Meter Showing Power in kW and Energy in kWh" width="150" height="150" /></a>With us having to research so much information about solar and other renewable energy we came across an enormous number of articles in which no respect is given to the units of measure in which electric power and energy are being measured. In actual fact when the correct units of measure are not used the statements do not make any sense.

What do we mean? Much too often watt hour (Wh) and the derivatives kilowatts hour (kWh) and megawatts hour (MWh) - as a measure of produced energy - are used wrongly instead of watt (W) or it's derivatives kilowatt (kW) and megawatt (MW) and the other way around.]]></description>
			<content:encoded><![CDATA[<p><a href="http://solarbythewatt.com/wp-content/uploads/2009/03/kwh-kw-w-watt-kilowatt1.jpg"><img class="alignleft size-thumbnail wp-image-194" title="Electric Meter Showing Power in kW and Consumed Energy in kWh" src="http://solarbythewatt.com/wp-content/uploads/2009/03/kwh-kw-w-watt-kilowatt1-150x150.jpg" alt="Electric Meter Showing Power in kW and Energy in kWh" width="150" height="150" /></a>With us having to research so much information about solar and other renewable energy we came across an enormous number of articles in which no respect is given to the units of measure in which electric power and energy are being measured. In actual fact when the correct units of measure are not used the statements do not make any sense.</p>
<p>What do we mean? Much too often watt hour (Wh) and the derivatives kilowatts hour (kWh) and megawatts hour (MWh) &#8211; as a measure of produced energy &#8211; are used wrongly instead of watt (W) or it&#8217;s derivatives kilowatt (kW) and megawatt (MW) and the other way around.</p>
<p>Let&#8217;s deal first with the well known kilo- and mega- prefixes. These are used to make a 1,000 and 1,000,000 of any unit. So 1kW equals 1,000W and 1,000,000W equals 1,000kW which also equals 1MW. Same goes for Wh &#8211; 1MWh = 1,000 kWh = 1,000,000 Wh. This was the easy part &#8211; kilo = thousands, mega = millions.</p>
<p>Now let&#8217;s look at the difference between W (watt) and Wh (watt hour). This is what confuses people more.</p>
<p>The <strong>watt (W)</strong> is a unit of measure for the <strong>power output</strong> a machine can produce. Strictly speaking from science point of view this is the amount of work (as in the scientific term) a machine can do (the <strong>amount of energy</strong> it can output) <strong>in a unit of time</strong>. Since the more standard scientific units for work (energy) and time are joule (J) and second (s) the standard unit of measure for power is actually a joule per second  (J/s). That is what is used more often in reference to mechanical devices and to chemical phenomena. In electricity the equivalent  is Watt (W) and mathematically 1W is exactly equal 1J/s. When a machine outputs 1 joule of energy every second it is said that the machine is working at 1W power.</p>
<p>So, a <strong>watt (W)</strong> is a measure of power &#8211; the ability for a machine to do work or produce energy in an amount of time. Another way of looking at it is as the speed at which a machine can output energy. If it can output energy at a rate of 1 joule per second that is power of 1 watt.</p>
<p>This is why <strong>power</strong> and <strong>watts (W)</strong>, correspondingly <strong>kilowatts (kW)</strong> and <strong>megawatts (MW)</strong> should be seen as the potential of a machine to output certain amount of energy per unit of time. In energy production industries, like the solar energy industry, machines/generators (solar power stations, any other solar system) are given a number called <strong>watts peak (Wp)</strong> which is the nominal power they can output. So if a system is rated at 500 Wp that means the system can produce 500 joules of energy per second. If it is easier for you to think of energy produced per hour you have to multiply by the number of seconds in an hour &#8211; 36,600.</p>
<p>For those who are good at volts (V) and amperes (A) &#8211; if a generators outputs 1A current at 1V voltage the machine is working at 1W. Yes, that simple &#8211; power in watts is equal voltage in volts by current in amps.</p>
<p>The other unit &#8211; <strong>watt hour (Wh)</strong> is the unit of measure for <strong>amount of energy</strong>. If a machine with a <strong>power of 1W</strong> works for an hour it will produce <strong>1Wh </strong>of energy<strong>. </strong>Now, wait a second, why did we suddenly switch from seconds to hours. Well if in the previous statement we replaced the word hour with second everything would have been correct but the unit of measure for amount of energy would also have to be watt second Wc &#8211; this is not used practically. The unit in use in the energy industry and electricity is <strong>watt hour (Wh)</strong>. This is also how usually electricity is sold and priced. If you look at your utility bill you will see you are paying certain cents per <strong>Wh</strong>, well actually to confuse you now more you are paying cents per <strong>kWh</strong> but you already know why the k- is in front &#8211; the price is for 1,000 watt hours not for one small watt hour.</p>
<p>If we have to look again at the example with volts and amperes &#8211; if an electrical system is outputting 1A of electric current at 1V of voltage it outputs <strong>1W of power</strong>. If that same system  works for <strong>1 hour</strong> it would produce <strong>1Wh </strong>energy, for 1,000 hours &#8211; <strong>1kWh</strong>. At the regular household voltage of 110V a light bulb that uses 0.5A current consumes 55W (110V x 0.5A), in a thousand hours it will burn 55kWh and if you are paying $0.09 for kWh that will cost you $4.95.</p>
<p>Also in respect of generating electricity by solar panels, module &#8211; if a solar panel&#8217;s rating is at 100W and 25V that means at peak conditions the panel will be outputting 4A current (25Vx4A=100W) and every hour of peak performance will be producing 100W x 1h = 100Wh energy.</p>
<p>OK,  so let&#8217;s summarize and see how we should correctly use the units of measure.</p>
<p><strong>Power</strong> is measured in <strong>watts (W)</strong> and systems usually have a rated <strong>peak power</strong> in <strong>watts (W)</strong>. This of course could be in <strong>kilowatts</strong> (<strong>kW)</strong> and megawatts (<strong>MW)</strong> if it is a large number. Power should be perceived as the rate at which it produces energy (joules per second).</p>
<p>So correct expressions with it will be: &#8220;&#8230; the station has peak power of 300kW &#8230; &#8221; or &#8220;.. the solar park&#8217;s capacity is 2MW &#8230; &#8221; etc.</p>
<p><strong>Energy</strong>, or <strong>amount of energy, </strong>is measured in <strong>watt hours (Wh)</strong> or the corresponding <strong>kilowatt hour (kWh)</strong> and <strong>megawatt hour (MWh)</strong> and it is the useful amount of work output by the system. This is why consumers or the grid pays in <strong>cents per watt hour (Wh). </strong>If a system works at 100 <strong>kW </strong>power for an hour it will produce 100 <strong>kWh, </strong>if this is paid at $0.09 per kWh that would earn $9.00.</p>
<p>Correct expressions using energy and Wh will be: &#8220;&#8230; the system will produce 500 MWh per year &#8230;&#8221; or &#8220;&#8230; the system will generate 700kWh per day &#8230;&#8221;</p>
<p><strong> </strong></p>
<p>What are examples of wrongly put statements. &#8220;The power station will produce 15MW per year&#8221;. MW is power it is the rate at which energy is produced so it can not be per year, or per day, or per hour. If we know it will work at a capacity of 15MW we should simply say &#8220;&#8230; will produce 15MW &#8230;&#8221; may be add &#8220;&#8230;of electric power&#8230;&#8221;.</p>
<p>If we want to say &#8220;per year&#8221; (or per other period) we should calculate what the expected nominal insulation is (in the case of solar power stations and working, up-hours hours for other systems) for that period (that will usually be hours for that period, like in 1,400 hours insolation per year), multiply by the nominal power in watts and we will get watt hours. So then we can say &#8220;&#8230; the system will generate 700 MWh of electric energy per year&#8230;&#8221;.</p>
<p>Also often in news reports journalists will write that certain system will be able to power that many households. And this is the correct expression &#8211; &#8220;able to power (or feed with electricity) certain number of households&#8221;. A household needs certain power in kilowatts (kW) let&#8217;s say 4kW. So a 400kW station will be bale to feed 100 households. The incorrect statement is &#8220;&#8230; the system will power 100 households per year &#8230;&#8221;. We do not need &#8220;per year&#8221;. It will power the 100 house holds as long as it is operational &#8211; 10 years, 20 years &#8211; whatever the plan is.</p>
<p>As with all articles on SolarByTheWatt.com, please, do comment on this one, especially if you have recommendation of what to improve to make the content more useful and readable for you.</p>
<p>Related resources:</p>
<p><a title="Watt on Wikipedia" href="http://en.wikipedia.org/wiki/Watt" target="_blank">Wikipedia &#8211; Watt<br />
</a></p>
<p><a title="Kilowatt Peak on Wikipedia" href="http://en.wikipedia.org/wiki/Kilowatt-peak" target="_blank">Wikipedia &#8211; Kilowatt Peak<br />
</a></p>
<p><a title="Kilowatt Hour on  Wikipedia" href="http://en.wikipedia.org/wiki/Kilowatt_hour" target="_blank">Wikiepedia &#8211; Kilowatt Hour<br />
</a></p>
<p><a title="How Stuff Works on Volts Amps and Watts" href="http://science.howstuffworks.com/question501.htm" target="_blank">How Stuff Works &#8211; Amps, Watts and Volts<br />
</a></p>
<p>SolarByTheWatt.com</p>
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		<title>All You Ever Need To Install Solar Power for Homes</title>
		<link>http://solarbythewatt.com/2009/02/26/all-you-ever-need-to-install-solar-power-for-homes/</link>
		<comments>http://solarbythewatt.com/2009/02/26/all-you-ever-need-to-install-solar-power-for-homes/#comments</comments>
		<pubDate>Thu, 26 Feb 2009 22:03:51 +0000</pubDate>
		<dc:creator>SolarByTheWatt.com</dc:creator>
				<category><![CDATA[Commentary]]></category>
		<category><![CDATA[$/W]]></category>
		<category><![CDATA[alternative energy]]></category>
		<category><![CDATA[dollar per watt]]></category>
		<category><![CDATA[electricity]]></category>
		<category><![CDATA[energy sources]]></category>
		<category><![CDATA[grid parity]]></category>
		<category><![CDATA[inverter]]></category>
		<category><![CDATA[kW]]></category>
		<category><![CDATA[panel]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[renewable energy]]></category>
		<category><![CDATA[solar]]></category>
		<category><![CDATA[solar energy]]></category>
		<category><![CDATA[solar inverters]]></category>
		<category><![CDATA[solar panel]]></category>
		<category><![CDATA[solar power]]></category>
		<category><![CDATA[watt]]></category>
		<category><![CDATA[Wp]]></category>

		<guid isPermaLink="false">http://solarbythewatt.com/?p=69</guid>
		<description><![CDATA[<a href="http://solarbythewatt.com/2009/02/26/all-you-ever-need-to-install-solar-power-for-homes/"><img src="http://solarbythewatt.com/wp-content/uploads/2009/02/solar-panel-home-150x150.jpg" alt="Solar Panel Home" title="Solar Panel Home" width="150" height="150" class="alignleft size-thumbnail wp-image-70" /></a>Are you thinking of installing solar power for homes? If so then here's an inventory of all the parts you'll need so as you can get a sense of the scale and general cost of the job.

Begin by establishing exactly how much of your home's total energy usage you want to be run on solar power. Do you want solar power merely to heat the water and the water-heating system? Do you want to go completely off-grid and power the whole house by solar power? Either way, you'll need to know how much energy your home is consuming per month on average.]]></description>
			<content:encoded><![CDATA[<p><a href="http://solarbythewatt.com/wp-content/uploads/2009/02/solar-panel-home.jpg"><img class="alignleft size-thumbnail wp-image-70" title="Solar Panel Home" src="http://solarbythewatt.com/wp-content/uploads/2009/02/solar-panel-home-150x150.jpg" alt="Solar Panel Home" width="150" height="150" /></a>Are you thinking of installing solar power for homes? If so then here&#8217;s an inventory of all the parts you&#8217;ll need so as you can get a sense of the scale and general cost of the job.</p>
<p>Begin by establishing exactly how much of your home&#8217;s total energy usage you want to be run on solar power. Do you want solar power merely to heat the water and the water-heating system? Do you want to go completely off-grid and power the whole house by solar power? Either way, you&#8217;ll need to know how much energy your home is consuming per month on average.</p>
<p>Using your monthly utility bills, calculate your home&#8217;s average energy usage. Note any peak times when you use radically more energy. The Christmas period can cause surprisingly heavy energy demands. In essence, you need to design your solar power system to cope with your home&#8217;s maximum energy demand.</p>
<p>Once you have these figures, I recommend multiplying the amount by at least 1.5. This will give you a working leeway for any extra appliances you might add to your home over time. Now you know how much solar energy you need to pull in from the sun, you also have an idea of the amount of solar panels you will need to buy.</p>
<p>I would advise you to buy solar panels online. Go to Ebay and input the words &#8220;solar panel pallet&#8221;. You&#8217;ll probably get an amazing bargain there. Prices have dropped dramatically recently. For an average family house, you can probably buy enough panels to power your home for less than $15,000.</p>
<p>Get good quality skilled and experienced tradesmen to do the job. Again, look online or check your local phone book. Always get at least three quotations. Cost is central, but it is very important that they have previous experience in installing solar power for homes.</p>
<p>Once you have someone you can trust at a good price, discuss with them which inverter to get and how much that will cost. Solar panels harness the power from the sun and turn it into direct current (aka DC power). The inverter converts this DC current into alternating current, (aka AC power). Everyone who installs solar power for homes needs to buy an inverter. Just about everything in your home runs off AC so your inverter is essential.</p>
<p>A good inverter will cost about $2,000. Add another $500 or thereabouts for installation. Inverters have a lifespan of about 10 years, while solar panels, if looked after, will last 25-30 years. So you&#8217;ll probably need to replace your inverter over time.</p>
<p>If you want to go completely off-grid, you&#8217;ll need to store your excess energy in good quality batteries to store excess solar power harnessed on sunny days. That way, you&#8217;ll have a reserve of power to run your household appliances on darker days and at night-time. They cost about $50 &#8211; $100 each for the deep-cycle types. You&#8217;ll need about 10 of them. New batteries generally need replacing every 3-5 years.</p>
<p>Typically, your installation costs shouldn&#8217;t be much more than $10,000. However, installation costs depend on a variety of factors. How is your roof constructed? Steep roofs or Spanish tiles cost more to install as the panels need to be properly secured. Yet further cost goes into ensuring leak-proof seals in these roofing systems.</p>
<p>Installing solar power normally doesn&#8217;t need much electrical work to set up. Older houses may require additional rewiring, though this is rarely extensive. Nevertheless, have a qualified, experienced electrician check all the wiring.</p>
<p>Don&#8217;t forget to look for government support. Most local governments around the world are offering major tax credits. Your utility company might also have incentives to offer. These can all add up to as much as 50% of the total cost.</p>
<p>Final point &#8211; if you are investing in solar power for homes, it makes sense to protect your new asset. Ask your insurance advisor to add this to your homes and contents policy. Adding your new solar power system to your homeowner insurance policy won&#8217;t cost you more than $100 per annum. This will protect the investment you&#8217;ve made on your house. An additional $100 per year to cover your $40,000 solar system against any disaster really is an absolute bargain!</p>
<p>Look on your solar power system as a long-term investment. Each step of the installation process should be taken carefully. To remind yourself of the value of your investment, ask yourself, &#8220;What is the payback time?&#8221; Of course, after it&#8217;s all paid off, you have free electricity for years to come.</p>
<p>Consider if you were to take a loan to finance your solar power for homes system. Although it may seem like a hefty initial outlay, the monthly payments will probably be less than your current utility bill. So all ways up you&#8217;re saving money.</p>
<p>Of course saving money is not the only reason it makes good sense to install solar power for homes. It&#8217;s good to know that you are reducing your carbon footprint. Thereby your children and their children can inherit a planet worth living in. That&#8217;s the very least you can do for them, don&#8217;t you agree?</p>
<p>&#8212;&#8212;</p>
<p>As a travel magazine editor and publisher, a life coach and trainer, Sam Deane has seen the world. Nowadays, he dedicates most of his free time to maintaining the well-being of this precious, miraculous planet on which we live. Sam runs an important and lively blog about solar power.  <a title="Go Solar For Homes . com" href="http://www.gosolarpowerforhomes.com" target="_blank">http://www.gosolarpowerforhomes.com</a></p>
<p>Article Source: <a title="http://www.articlealley.com/article_766371_27.html" href="http://www.articlealley.com/article_766371_27.html" target="_blank">http://www.articlealley.com/article_766371_27.html</a></p>
<p>Author: samdeane author www.articlealley.com</p>
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		<title>Lowest Solar Panel Prices Per Watt 2009-02-24</title>
		<link>http://solarbythewatt.com/2009/02/24/lowest-prices-per-watt-2009-02-24/</link>
		<comments>http://solarbythewatt.com/2009/02/24/lowest-prices-per-watt-2009-02-24/#comments</comments>
		<pubDate>Tue, 24 Feb 2009 05:29:58 +0000</pubDate>
		<dc:creator>SolarByTheWatt.com</dc:creator>
				<category><![CDATA[Lowest Prices Per Watt]]></category>
		<category><![CDATA[cheapest solar panel]]></category>
		<category><![CDATA[cheapest solar panels]]></category>
		<category><![CDATA[dollar per watt]]></category>
		<category><![CDATA[dollar per watt peak]]></category>
		<category><![CDATA[dollar per Wp]]></category>
		<category><![CDATA[low price]]></category>
		<category><![CDATA[low prices]]></category>
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		<category><![CDATA[lowest prices]]></category>
		<category><![CDATA[photovoltaic]]></category>
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		<category><![CDATA[renewable]]></category>
		<category><![CDATA[renewable energy]]></category>
		<category><![CDATA[solar]]></category>
		<category><![CDATA[solar battery]]></category>
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		<description><![CDATA[<a href="http://solarbythewatt.com/2009/02/24/lowest-prices-per-watt-2009-02-24"><img class="alignleft size-full wp-image-80" title="Dollar per Watt Peak" src="http://solarbythewatt.com/wp-content/uploads/2009/02/dollar-per-watt-peak.jpg" alt="Dollar per Watt Peak" width="150" height="150" /></a>We are starting this a series of articles on lowest prices per watt for solar panels, modules where every time we have changes in the price ranking we will publish a new article with corresponding date in the title.

We list the lowest prices per watt that we can find on the internet and through direct research. We do not claim at all that these are research and results of an absolute character. That is, we realize that there might be products, vendors, pricing structures for certain types of projects and quantities that we are not able to identify through our effort.]]></description>
			<content:encoded><![CDATA[<p><a href="http://solarbythewatt.com/wp-content/uploads/2009/02/dollar-per-watt-peak.jpg"><img class="alignleft size-full wp-image-80" title="Dollar per Watt Peak" src="http://solarbythewatt.com/wp-content/uploads/2009/02/dollar-per-watt-peak.jpg" alt="Dollar per Watt Peak" width="150" height="150" /></a>We are starting this a series of articles on <em>lowest prices per watt</em> for solar panels, modules where every time we have changes in the price ranking we will publish a new article with corresponding date in the title.</p>
<p>We list the lowest prices per watt that we can find on the  internet and through direct research. We do not claim at all that these are research and results of an absolute character. That is, we realize that there might be products, vendors, pricing structures for certain types of projects and quantities that we are not able to identify through our effort.</p>
<p>That is why nobody should get offended that their product brand or vendor company is missed in our research or they are not ranked correctly because we have not found out about their lowest, low or otherwise competitive prices.</p>
<p>While we maintain that prices as <strong>dollar per Watt</strong> (<strong>$/Wp</strong>, <strong>dollar per Watt peak</strong>) is the number that will take the solar power industry to the stage of playing a major role of resolving the gigantic issues the US and the world have with securing clean, safe and abundant source of energy, we also realize that with many products groups prices reflect many other things than just willingness of the manufactures and the marketers to provide an affordable product.</p>
<p>Namely, different prices may reflect different quality and quality preference of the market &#8211; i.e. higher quality products would maintain relatively higher prices given all other factors being equal.</p>
<p>Different prices may reflect different costs to manufacture products of certain type of technology. We are well aware that this is especially true with solar panels. We will try, as effort grows to provide a way for our readers to be able to separate prices listed and researched for different underlying technologies of products.</p>
<p>In any case if any one buyer or seller of solar products thinks that our best research effort has not presented certain vendors, brand or price &#8211; please, feel free to contact us and forward to us details of the the product and price we should list. We will add additional level to research that such price is being offered on regular basis and will try to reflect this in our report.</p>
<p>Here is or current ranking:</p>
<p>($/Wp, $ per module, Wp of the module, nominal voltage, technology, Brand, Model, Vendor, URL to the vendor&#8217;s page)</p>
<p><strong>$2.84</strong> <strong>/ Wp</strong>, $567.60, 200W, 18.1V, Poly-crystalline, Sun-A-200, SUN, KULLY Solar, <a title="http://kullysolar.com" href="http://kullysolar.com" target="_blank">http://kullysolar.com</a></p>
<p><strong>$3.54</strong> <strong>/ Wp</strong>, $637, 180W, 24V, Poly-crystalline, CSI ECOSENSE CS6P-180, Canadian Solar, Affordable Solar Group LLC, <a title="http://www.affordable-solar.com" href="http://www.affordable-solar.com" target="_blank">http://www.affordable-solar.com</a></p>
<p><strong>$3.56</strong> <strong>/ Wp</strong>, $142.49, 40W, 17.3V, Poly-crystalline, BP Solar, Discount Sales Electronics, <a title="http://discountsales.com" href="http://discountsales.com" target="_blank">http://discountsales.com</a></p>
<p><strong>$3.83</strong> <strong>/ Wp</strong>, $230, 60W, 67V, Thin-film, Kaneka, GSA-60, Living Off The Grid, <a title="http://livingoffthegrid.ecrater.com" href="http://livingoffthegrid.ecrater.com" target="_blank">http://livingoffthegrid.ecrater.com</a></p>
<p><strong>$3.94</strong> <strong>/ Wp</strong>, $630, 160W, 24.9V, Poly-crystalline, ES-160-A, Evergreen Solar, KULLY Solar, <a title="http://kullysolar.com" href="http://kullysolar.com" target="_blank">http://kullysolar.com</a></p>
<p><strong>$4.62</strong> <strong>/ Wp</strong>, $1,016, 220W, 28.7V, Poly-crystalline, SCM220, REC Solar, Affordable Solar Group LLC, <a title="http://www.affordable-solar.com" href="http://www.affordable-solar.com" target="_blank">http://www.affordable-solar.com</a></p>
<p><strong>$5.16</strong> <strong>/ Wp</strong>, $1,032, 200W, 55.8V, Mono-crystalline, HIP-200BA19, Sanyo, Affordable Solar Group LLC, <a title="http://www.affordable-solar.com" href="http://www.affordable-solar.com" target="_blank">http://www.affordable-solar.com</a></p>
<p><strong>$5.48 / Wp</strong>, $328.88, 60W, 12V, Poly-crystalline, CD Tech Solar, RV Fun Products, <a title="http://www.rvfunproducts.com" href="http://www.rvfunproducts.com" target="_blank">http://www.rvfunproducts.com</a></p>
<p><strong>$5.52</strong> <strong>/ Wp</strong>, $552, 100W, 18V, Mono-crystalline, SW100C, Sunwize, atlE Store, <a title="http://store.altenergystore.com" href="http://store.altenergystore.com" target="_blank">http://store.altenergystore.com</a></p>
<p>Please, be patient, we are adding more to this list. We are hoping the prices at the top of the list will reduce as we add more vendors.  Feel free to send suggestions through comments on our articles or the Contact Us page.</p>
<p>Related articles on the web:</p>
<p><a title="TheStandard.com Utility Scale Solar aims to bring solar costs level with coal, natural gas" href="http://www.thestandard.com/news/2009/02/23/utility-scale-solar-aims-bring-solar-costs-level-coal-natural-gas" target="_blank">Utility Scale Solar aims to bring solar costs level with coal, natural gas</a></p>
<p><a title="Solar-In-China.BlogSpot.com Renewable Energy in China: Solar Energy, Wind Energy and other green energy" href="http://solar-in-china.blogspot.com/2009/02/yingli-green-energy-reports-fourth.html" target="_blank">Renewable Energy in China: Solar Energy, Wind Energy and other green energy</a></p>
<p><a title="MatterNetwork.com 2009 Solar Energy Overview" href="http://www.matternetwork.com/2009/2/2009-solar-energy-overview.cfm" target="_blank">2009 Solar Energy Overview</a></p>
<p><a title="CleanTech.com 6N Says Lower Silicon Purity Means Lower Solar Prices" href="http://cleantech.com/news/4091/6n-says-lower-silicon-purity-means-lower-solar-prices" target="_blank">6N Says Lower Silicon Purity Means Lower Solar Prices</a></p>
<p><a title="SetEnergy.org Europe Solar Price Falls to Record Low, Global Prices Begin Drop" href="http://setenergy.org/2009/01/07/europe-solar-price-falls-to-record-low-global-prices-begin-drop/" target="_blank">Europe Solar Price Falls to Record Low, Global Prices Begin Drop</a></p>
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