HOMER Pro 3.16

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Navigation: Glossary

Total Annualized Cost

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Type:	Output Variable
Units:	$/year
Symbol:	Cann,tot

The total annualized cost is the annualized value of the total net present cost. HOMER calculates the total annualized cost using the following equation:

equations_C_ann,tot

where:
	CNPC,tot	= the total net present cost [$]
	i	= the annual real discount rate [%]
	Rproj	= the project lifetime [yr]
	CRF()	= a function returning the capital recovery factor

HOMER uses the total annualized cost to calculate the levelized cost of energy.