Solar farm profit refers to the revenue generated from a solar farm after accounting for the costs of operation. It is calculated by multiplying the total solar power generation by the average hours of sun per day and the selling price of electricity, and then subtracting the daily costs. This metric helps in understanding the financial viability and profitability of a solar farm.
The formula to calculate the Solar Farm Profit (SP) is:
\[ SP = P \times T \times ESP - C \]
Where:
Let's say the total solar power generation (P) is 100 kW, the average hours of sun per day (T) is 5 hours, the selling price of electricity (ESP) is $0.10 per kWh, and the daily costs (C) are $50. Using the formula:
\[ SP = P \times T \times ESP - C = 100 \times 5 \times 0.10 - 50 = 50 - 50 = 0 \text{ dollars/day} \]
So, the Solar Farm Profit (SP) is $0 per day in this example.
