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Potential PV System Adoption based on System Price
(1) Assumes the residential price forecast in the AEO98 Reference Case Forecast.
(2) Assumes PV systems are financed using a home mortgage loan with a real interest rate of 5% and a loan life of 25 years.
(3) System prices are in 1997 $.
(4) System prices are assumed to occur as predicted in the SMUD Business-As-Usual SMUD Rooftop PV Cost Trajectory reported in:
Donald E. Osborn, "Commercialization of Utility PV Distributed Power Systems", American Solar Energy Society Solar 97 Conference, Washington, DC. April.
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