Financial model of a carbon-neutral microgrid at an Ontario high school

ABSTRACT

A 30-year financial model and business case is presented for implementing a microgrid at an Ontario school to meet their energy needs and net-zero carbon emissions. The project considers several factors including capital expenses, electricity and natural gas cost projections, CO2 emission credits, efficiency measures, demand charge mitigation [and non-monetary benefits]. Ontario-specific policies and incentives are discussed. This project provides multiple scenario evaluations and sensitivity analyses of factors that could sway the economic feasibility of similar projects.

KEYWORDS:

• Microgrid
• financial model
• energy cost
• energy economics

Disclosure statement

No potential conflict of interest was reported by the authors.