Overview
The Project Economics page allows you to add Incentives and other system costs to your project design. Select the Incentives or Economics ribbons to to add Incentives or system costs to your project.
Incentives
Below are a list of incentives that are available in HOMER Front. Select a link to view more detailed information.
- Investment Tax Credit (ITC)
- Modified Accelerated Cost Recovery System (MACRS)
- Bonus Depreciation
- Production Tax Credit
- Multiple Incentives
Economics
The Economics section includes the following variables.
| Variable | Description |
|---|---|
| System fixed costs ($) | The fixed capital costs that occures regardless of the size or architecture of the system, in $ |
| System O&M costs ($/yr) | The fixed annual costs that occur regardless of the size or architecture of the system, in $/yr |
| Discount rate (%) | The rate at which you can borrow money, in % |
| Inflation Rate (%) | The inflation rate that is expected over the project life, in % |
| Timestep Size (minutes) | The size of your timestep in minutes |
System fixed cost and system O&M cost are for defining costs that are not associated with particular equipment. These costs do not scale based on the size or technology in the system. If possible, enter all component costs on the Equipment tab, dedicated to the system's equipment.