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9 cents/kWh cost is a mid-range projection. Based on 6 miles/kWh vehicle performance, cost is 1.5 cents/mile. Fuel prices for daily use would be very cheap as compared to today’s gas costs. Active management of reservoir levels allows for flexibility in time of day for electricity generation. Could be adjusted to allow for overnight vehicle charging. * Michigan has an average of 4.2 hours of peak sunlight per day on an annual basis.? Solar panels are less efficient the hotter they get.? In the southwest they get more sun but the panels produce less voltage per peak sunlight hour because of the heat.? In October of 2008, Michigan adopted true Net Metering Laws.? This means that the utility company has to accept any electricity that you put onto the grid.? When your system produces more power than you consume, your meter will spin backwards.? When you consume more than you produce, your meter spins forward.? You are only billed at your net consumption.? At this point the utility company does not have to cut you a check if you produce more than you use. Tax incentives – 30% tax credit (residential - $2,000 limit) * $0.30/kWh is the average of residential, commercial and industrial costs (installation, maintenance, materials, etc) Residential – 37 cents, commerical – 27 cents, industrial – 21 cents/kWh * kWh required = 0.1 * 3000 cars * 365 days/yr * 40 miles/day * 1 kWh/6 miles kW system needed = 730,000 kWh/year * 1 year/365 days * 1 day/4.2 hours of sun Panels needed = 476 kW system * 1 panel / 0.195 kW * * What we decided on: 90% wind energy because it is a little cheaper per mile, more efficient, and very feasible to install in Michigan. Most charging will be done at night in residential homes and most wind power comes at night so wind will make up for this extra energy taken at night Most daytime refills will be done with battery swapping (for long trips, impatient people), but an extra 10% of energy during the day coming from PV panels on commercial b
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