Table 1 Operation sample description...

Table 1

Operation sample description with NPV, loan allocation and break-even (B/E) electricity cost results across 35 agricultural firms in Arkansas in 2023

	Min	Avg	Max
# of Meters	1	7.1	38
Current variable electricity rate in ¢/kWh	5.70	9.61	13.51
Range in initial cost ($) in 000’s	24	388	2,494
Range of current annual electricity Cost ($)	2,216	40,511	274,604
Range of system size kW_DC	14	248	1,848
Monthly access fee/demand charge est	5	592	3,186
With net-metering
NPV with immediate ITC capture (Opt. Fin.) ($) in 000’s	20	307	2,249
NPV with ITC captured over 5 years (Opt. Fin.) ($) in 000’s	19	294	2,161
Opt. Fin. (% of initial cost on long-term loan) - ITC 1	40%	54%	69%
Opt. Fin. (% of initial cost on long-term loan) - ITC n	38%	54%	66%
B/E electricity rate immediate ITC capture	2.20	2.35	2.63
B/E electricity rate with ITC captured over 5 years	2.48	2.66	2.89
With avoided cost rate
Current variable electricity rate in ¢/kWh	4.65	4.65	4.65
NPV with immediate ITC capture (Opt. Fin.) ($) in 000’s	6	99	684
NPV with ITC captured over 5 years (Opt. Fin.) ($) in 000’s	5	87	603
Opt. Fin. (% of initial cost on long-term loan) - ITC 1	32%	34%	39%
Opt. Fin. (% of initial cost on long-term loan) - ITC n	31%	33%	38%
B/E electricity rate immediate ITC capture	2.17	2.32	2.61
B/E electricity rate with ITC captured over 5 years	2.44	2.61	2.85

	Min	Avg	Max
# of Meters	1	7.1	38
Current variable electricity rate in ¢/kWh	5.70	9.61	13.51
Range in initial cost ($) in 000’s	24	388	2,494
Range of current annual electricity Cost ($)	2,216	40,511	274,604
Range of system size kW_DC	14	248	1,848
Monthly access fee/demand charge est	5	592	3,186
With net-metering
NPV with immediate ITC capture (Opt. Fin.) ($) in 000’s	20	307	2,249
NPV with ITC captured over 5 years (Opt. Fin.) ($) in 000’s	19	294	2,161
Opt. Fin. (% of initial cost on long-term loan) - ITC 1	40%	54%	69%
Opt. Fin. (% of initial cost on long-term loan) - ITC n	38%	54%	66%
B/E electricity rate immediate ITC capture	2.20	2.35	2.63
B/E electricity rate with ITC captured over 5 years	2.48	2.66	2.89
With avoided cost rate
Current variable electricity rate in ¢/kWh	4.65	4.65	4.65
NPV with immediate ITC capture (Opt. Fin.) ($) in 000’s	6	99	684
NPV with ITC captured over 5 years (Opt. Fin.) ($) in 000’s	5	87	603
Opt. Fin. (% of initial cost on long-term loan) - ITC 1	32%	34%	39%
Opt. Fin. (% of initial cost on long-term loan) - ITC n	31%	33%	38%
B/E electricity rate immediate ITC capture	2.17	2.32	2.61
B/E electricity rate with ITC captured over 5 years	2.44	2.61	2.85

Source(s): Table created by authors

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