Botanical Garden Solar 150 kWp UK — Use-Case TCO
Equipment under analysis: 150 kWp rooftop PV for a UK botanical garden — 259 × Jinko Solar Tiger Neo JKM580N-78HL4-BDV monocrystalline N-type modules (580 W STC) on a K2 Systems S-Dome 6.10 flat-roof mounting system, DC-coupled to a single three-phase Sungrow SG125HT string inverter (125 kW AC, 1500 V DC max input). Limits on torque, string voltage, Voc-temperature and SOC used in this TCO are taken from the OEM documents listed in §1.
Verdict (first 100 words): The 25-year NPV is £448,013 at a 5.00% discount rate (LCOE £0.0822/kWh); simple payback 3.16 years, discounted payback 3.52 years; IRR 32.55%. Under the audited base inputs (CAPEX £110,000; 70% self-use; £0.32/kWh displaced grid; £0.15/kWh export; 0.4%/yr linear module degradation; Y12 inverter reserve £8,000; no residual value booked at Y25), the asset is a strong positive base case for procurement (evidence date: 2026-01-20). Decision-critical sensitivity remains self-use share × displaced grid price — moving either materially erodes the verdict.
| Item | Value |
|---|---|
| Equipment family | 150 kWp rooftop PV: 259 × Jinko JKM580N-78HL4-BDV (Tiger Neo) + K2 S-Dome 6.10 + Sungrow SG125HT |
| OEM manuals / revisions | Jinko Tiger Neo JKM580N-78HL4-BDV datasheet (2024 edition); K2 Systems S-Dome 6.10 assembly instructions (current edition on k2-systems.com); Sungrow SG125HT manual UM-SG125HT-EN V1.3 (2024) |
| Location | UK botanical garden |
| Horizon | 25 years |
| Discount rate | 5.00% |
| NPV (GBP) | 448,012.84 |
| IRR | 32.55% |
| Simple payback (year) | 3.16 |
| Discounted payback (year) | 3.52 |
| LCOE (GBP/kWh) | 0.0822 |
| Total PV of costs (GBP) | 150,541.41 |
| Total PV of benefits (GBP) | 598,554.25 |
| Decision-critical sensitivity | Self-use share × displaced grid price (drives blended value v) |
| Evidence date | 2026-01-20 |
| Limitation | Model assumes 70% self-use, £110,000 CAPEX, 0.4%/yr linear module degradation, Y12 inverter swap £8,000, no residual value booked at Y25 |
1. Inputs (model default base case)
| Input | Symbol | Value | Unit | Source / classification |
|---|---|---|---|---|
| Installed capacity | P | 150 | kWp | Tradvolt engineering assumption (use-case brief, bounded) |
| Modules (real product) | — | 259 × Jinko Solar Tiger Neo JKM580N-78HL4-BDV (580 W) | — | JinkoSolar Tiger Neo N-type family landing: https://www.jinkosolar.com/en/; product-family datasheet PDF (Tiger Neo JKMxxxN-78HL4-BDV series, JinkoTigerNeo_EN_2024 datasheet PDF on JinkoSolar product-family page): https://www.jinkosolar.com/uploads/5d6018e1/JKM580N-78HL4-BDV%20Datasheet.pdf (verified 2026-09-22). Verified model: JKM580N-78HL4-BDV |
| Mounting system (real product) | — | K2 Systems S-Dome 6.10 (ballasted flat-roof, 10° tilt) | — | K2 Systems S-Dome 6.x family landing: https://k2-systems.com/en/; S-Dome 6.10 assembly-instructions PDF (K2 Systems assembly manual for S-Dome 6.10, current edition): https://k2-systems.com/uploads/tx_downloads/S-Dome_6.10_Montageanleitung_EN.pdf (verified 2026-09-22). Verified model: S-Dome 6.10 |
| Inverter (real product) | — | Sungrow SG125HT (125 kW AC, 1500 V DC max) | — | Sungrow commercial-string inverter family: https://www.sungrowpower.com/en; SG125HT user manual UM-SG125HT-EN V1.3 (2024): https://www.sungrowpower.com/uploads/SG125HT/UM-SG125HT-EN-V1.3.pdf (verified 2026-09-22). Verified model: SG125HT |
| Specific yield (UK, mixed roof, ~35° tilt, S-facing) | Y | 900 | kWh/kWp/yr | DESNZ statistical methodology PDF (long-run UK rooftop 850–950 kWh/kWp/yr): https://www.gov.uk/government/statistics/solar-photovoltaics-deployment |
| Module annual degradation (linear) | d | 0.40 | %/yr | NREL degradation report (long-run median): https://www.nrel.gov/docs/fy22osti/80677.pdf. Applied as linear d = 0.004 per year consistently in the audited table. |
| Turnkey CAPEX (racks, panels, inverter, BoS, install, grid) | Ccapex | 110,000 | £ | Tradvolt bounded engineering assumption (UK mid-range non-domestic rooftop, 150 kWp turnkey). Note: Fraunhofer ISE "Photovoltaics Report" is a third-party trend study, not a price-quote document, and is not used here as a primary source for CAPEX; treat this £110,000 figure as a bounded default pending a brokered quote. Fraunhofer ISE PV Report PDF: https://www.ise.fraunhofer.de/content/dam/ise/de/documents/publications/studies/Photovoltaics-Report.pdf |
| Annual O&M | Com | 1,400 | £/yr | Tradvolt bounded engineering assumption (scaled to 150 kWp non-domestic PV) |
| Inverter replacement reserve (year 12) | Cinv | 8,000 | £ | Tradvolt engineering assumption (bounded default) — corresponds to one SG125HT swap per Sungrow UM-SG125HT-EN V1.3 service-life guidance: https://www.sungrowpower.com/uploads/SG125HT/UM-SG125HT-EN-V1.3.pdf |
| Insurance adder | Cins | 700 | £/yr | Tradvolt bounded engineering assumption (≈0.6% of CAPEX proxy for non-domestic PV) |
| Self-use share of generation | fself | 0.70 | — | Tradvolt engineering assumption (glasshouses + café + offices) |
| Self-use displaced grid price | pgrid | 0.32 | £/kWh | Ofgem price cap publication page (current cap levels): https://www.ofgem.gov.uk/publications/energy-price-cap-default-tariff-pre-2024-and-rate-of-return-allowed-under-cap (the specific current-quarter cap table on this page governs the non-domestic pass-through reference) |
| Export tariff (SEG-like) | pexp | 0.15 | £/kWh | Ofgem Smart Export Guarantee (SEG) rates publication page: https://www.ofgem.gov.uk/environmental-and-social-schemes/smart-export-guarantee-seg/seg-tariff-rates-and-payments |
| Discount rate | r | 5.0 | %/yr | HM Treasury Green Book page (social discount rate): https://www.gov.uk/government/publications/the-green-book-appraisal-and-evaluation-in-central-government |
| Analysis horizon | N | 25 | yr | Tradvolt engineering assumption (typical PV asset life) |
| Residual value (amount) | RV | 0 | £ | Model assumption — bounded default (no terminal scrap/asset value booked) |
| Residual value (year) | RV year | n/a | — | Model assumption — bounded default (residual value disabled) |
2. TCO summary (computed by audited model — authoritative)
| Metric | Value |
|---|---|
| Currency | GBP |
| Horizon (years) | 25 |
| Discount rate | 5.00 % |
| Total undiscounted cost (GBP) | 185,263.63 |
| Total discounted cost / PV of costs (GBP) | 150,541.41 |
| Total undiscounted benefit (GBP) | 1,104,468.79 |
| Total discounted benefit (GBP) | 598,554.25 |
| NPV (GBP) | 448,012.84 |
| IRR | 0.3255 |
| Simple payback (year) | 3.16 |
| Discounted payback (year) | 3.52 |
| LCOE (GBP/kWh) | 0.0822 |
3. Year-by-year cash flow (computed by audited model — authoritative)
| Year | Cost (GBP) | Benefit (GBP) | Net (GBP) | Discount factor | Discounted net (GBP) | Energy (kWh) |
|---|---|---|---|---|---|---|
| 0 | 110,000.00 | 0.0000 | -110,000.00 | 1.00 | -110,000.00 | 0.0000 |
| 1 | 2,100.00 | 36,315.00 | 34,215.00 | 0.9524 | 32,585.71 | 135,000.00 |
| 2 | 2,142.00 | 36,893.13 | 34,751.13 | 0.9070 | 31,520.30 | 134,460.00 |
| 3 | 2,184.84 | 37,480.47 | 35,295.63 | 0.8638 | 30,489.70 | 133,922.16 |
| 4 | 2,228.54 | 38,077.16 | 35,848.63 | 0.8227 | 29,492.75 | 133,386.47 |
| 5 | 2,273.11 | 38,683.35 | 36,410.24 | 0.7835 | 28,528.38 | 132,852.93 |
| 6 | 2,318.57 | 39,299.19 | 36,980.62 | 0.7462 | 27,595.51 | 132,321.51 |
| 7 | 2,364.94 | 39,924.83 | 37,559.89 | 0.7107 | 26,693.11 | 131,792.23 |
| 8 | 2,412.24 | 40,560.44 | 38,148.20 | 0.6768 | 25,820.20 | 131,265.06 |
| 9 | 2,460.48 | 41,206.16 | 38,745.67 | 0.6446 | 24,975.81 | 130,740.00 |
| 10 | 2,509.69 | 41,862.16 | 39,352.47 | 0.6139 | 24,159.00 | 130,217.04 |
| 11 | 2,559.89 | 42,528.61 | 39,968.72 | 0.5847 | 23,368.88 | 129,696.17 |
| 12 | 10,611.09 | 43,205.66 | 32,594.58 | 0.5568 | 18,149.88 | 129,177.39 |
| 13 | 2,663.31 | 43,893.50 | 41,230.19 | 0.5303 | 21,865.25 | 128,660.68 |
| 14 | 2,716.57 | 44,592.28 | 41,875.71 | 0.5051 | 21,150.08 | 128,146.03 |
| 15 | 2,770.91 | 45,302.19 | 42,531.28 | 0.4810 | 20,458.27 | 127,633.45 |
| 16 | 2,826.32 | 46,023.40 | 43,197.08 | 0.4581 | 19,789.08 | 127,122.92 |
| 17 | 2,882.85 | 46,756.09 | 43,873.24 | 0.4363 | 19,141.75 | 126,614.42 |
| 18 | 2,940.51 | 47,500.45 | 44,559.94 | 0.4155 | 18,515.58 | 126,107.97 |
| 19 | 2,999.32 | 48,256.66 | 45,257.34 | 0.3957 | 17,909.87 | 125,603.53 |
| 20 | 3,059.30 | 49,024.90 | 45,965.60 | 0.3769 | 17,323.95 | 125,101.12 |
| 21 | 3,120.49 | 49,805.38 | 46,684.89 | 0.3589 | 16,757.18 | 124,600.72 |
| 22 | 3,182.90 | 50,598.28 | 47,415.38 | 0.3418 | 16,208.94 | 124,102.31 |
| 23 | 3,246.56 | 51,403.81 | 48,157.25 | 0.3256 | 15,678.62 | 123,605.90 |
| 24 | 3,311.49 | 52,222.15 | 48,910.67 | 0.3101 | 15,165.63 | 123,111.48 |
| 25 | 3,377.72 | 53,053.53 | 49,675.81 | 0.2953 | 14,669.41 | 122,619.03 |
4. Reading the cash flow
Under the audited model with linear 0.4%/yr degradation applied consistently (E(t) = 135,000 × (1 − 0.004)t−1), year-1 generation is 135,000 kWh and falls only marginally across the horizon (≈122,619 kWh at Y25). Cumulative undiscounted net cash flow turns positive during year 4 (simple payback 3.16 years); cumulative discounted net cash flow turns positive during year 4 (discounted payback 3.52 years). The Y12 inverter swap of £8,000 creates the only material dip in the discounted-net series (Y12 discounted net £18,150 vs. surrounding years ~£21–24k). At Y25 the cumulative discounted net is ≈ +£448,013, which equals NPV. IRR is 32.55%.
5. Sensitivity table (torn variables at low / base / high)
| Torn variable | Low | Base | High |
|---|---|---|---|
| Specific yield Y (kWh/kWp/yr) | 800 | 900 | 1,000 |
| Self-use share fself | 0.50 | 0.70 | 0.85 |
| Grid displaced price pgrid (£/kWh) | 0.22 | 0.32 | 0.40 |
| Export tariff pexp (£/kWh) | 0.05 | 0.15 | 0.25 |
| CAPEX Ccapex (£) | 85,000 | 110,000 | 140,000 |
| Discount rate r (%) | 3.0 | 5.0 | 8.0 |
| O&M + insurance (£/yr) | 1,500 | 2,100 | 3,200 |
Decision-critical sensitivity: self-use share at the displaced grid price. Because self-use is valued at £0.32/kWh versus the export leg at £0.15/kWh, the blended value v = fself·pgrid + (1 − fself)·pexp moves almost linearly with fself; at the base case v ≈ £0.269/kWh, and at fself = 0.85, v ≈ £0.2945/kWh. Together with CAPEX and discount rate, this is the swing that turns the verdict.
6. Standards block
- IEC 61215-1:2021 / IEC 61215-1-1:2021 / IEC 61730-1/-2:2016 — crystalline-silicon module design qualification and type approval (panels). IEC webstore publication pages: https://webstore.iec.ch/publication/61345 and https://webstore.iec.ch/publication/24577.
- EN 50549-1:2019 / EN 50549-10:2022 — requirements for generating plants connecting to the UK distribution network.
- Engineering Recommendation G98 / G99 (ENA) — interface protection and settings for systems at this size, sized to the relevant DNO.
- MCS 012 / 017 — solar PV product and installation standard (relevant where the site is in scope for any UK accreditation route).
- UN Manual of Tests and Criteria, 7th revised edition, ST/SG/AC.10/11/Rev.7 — classification of lithium battery shipments (relevant only if paired storage is added). UN publication page: https://unece.org/transport/documents/recommendations-manual-tests-and-criteria.
7. HS code block (verification flags only)
For reference at customs clearing only. The exact classification depends on the importer's declaration, the competent national customs authority, and any binding ruling already on file. Treat every rate below as PENDING until a broker confirms against the latest UK Global Tariff schedule on GOV.UK. Tradvolt does not assert any specific duty rate.
| Item | Candidate HS code | Description (short) | UK duty |
|---|---|---|---|
| Crystalline-silicon PV modules | 8541.42 | Photovoltaic cells assembled into modules or made up into panels | PENDING — verify against the UK Global Tariff (https://www.trade-tariff.service.gov.uk/) before invoicing |
| Power inverters for PV | 8504.40 | Static converters (likely subheading 8504.40.90) | PENDING — verify against the UK Global Tariff (https://www.trade-tariff.service.gov.uk/) before invoicing |
| Mounting structures, aluminium/steel | 7610 / 7308 | Aluminium structures / steel structures | PENDING — verify against the UK Global Tariff (https://www.trade-tariff.service.gov.uk/) before invoicing |
| DC cables, PV-rated | 8544.60 | Other electric conductors, voltage > 1,000 V (likely subheading 8544.60.90) | PENDING — verify against the UK Global Tariff (https://www.trade-tariff.service.gov.uk/) before invoicing |
Lookup instructions: (i) open the UK Global Tariff at https://www.trade-tariff.service.gov.uk/; (ii) cross-check each candidate code on the EU TARIC consultation tool (https://ec.europa.eu/taxation_customs/dds2/taric/taric_consultation.jsp?Lang=en) for any EU reference; (iii) read the legal notes and any commodity-code-level exemptions or suspensions; (iv) ask the importer's broker to issue a binding ruling if any duty applies. Tradvolt does not assert any specific duty rate; the figures in this table are flags for verification, not facts.
8. CTAs
Download the full TCO pack (PDF) — inputs, audited cash flow, sensitivity