PV and BESS profitability calculator
The calculator computes IRR, NPV, LCOE, DSCR and payback for PV and BESS projects using market benchmarks for the selected country. All financing models — cash, leasing, project finance and ESCO — run on the same versioned engine.
Parameters
Technology
- Project market
- Not provided in project data
- Reference market
- Poland
Financing models
Equity IRR: 32.0%, NPV at WACC: 4.9m EUR, Payback period: 3.3 years
32.01%
Equity IRR
4,855,846EUR
NPV at WACC
74.45EUR/MWh
LCOE
2.03
Minimum DSCR
3.31years
Payback period
902,500EUR
EBITDA year 1
The calculations are indicative and based on market benchmarks. They do not constitute investment advice or an offer. A precise analysis requires project data.
Cumulative equity cash flow
Detailed comparison
Equity IRR
- All-cash purchase16.83%
- Operating lease34.16%
- Project finance32.01%
- ESCO / OPEX model—
NPV at WACC
- All-cash purchase4,534,252 EUR
- Operating lease4,657,844 EUR
- Project finance4,855,846 EUR
- ESCO / OPEX model7,013,581 EUR
Equity engaged
- All-cash purchase5,000,000 EUR
- Operating lease500,000 EUR
- Project finance1,500,000 EUR
- ESCO / OPEX model0 EUR
76.69EUR/MWh
LCOE (technology cost)
Comparison table
| Metric | All-cash purchase | Operating lease | Project finance | ESCO / OPEX model |
|---|---|---|---|---|
| Net outlay | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 |
| Equity | 5,000,000 | 500,000 | 1,500,000 | 0 |
| Debt / financed amount | 0 | 4,500,000 | 3,500,000 | 0 |
| EBITDA year 1 | 902,500 | 902,500 | 902,500 | 703,500 |
| NPV at WACC | 4,534,252 | 4,657,844 | 4,855,846 | 7,013,581 |
| Project IRR | 16.83% | 15.19% | 16.83% | — |
| Equity IRR | 16.83% | 34.16% | 32.01% | — |
| Payback period | 5.82 | 6.13 | 3.31 | 0.00 |
| Discounted payback period | 7.65 | 7.14 | 3.88 | 0.00 |
| Minimum DSCR | — | — | 2.03 | — |
| Average DSCR | — | — | 2.13 | — |
| Total benefit over the horizon | 18,356,753 | 12,581,275 | 13,521,984 | 13,828,271 |
ESCO performs best on NPV because the investor puts up no capital — but the investor does not acquire the asset either. Neither ownership of the installation nor its residual value at the end of the horizon remains on the investor's side.
ESCO / OPEX model
- The ESCO model engages no equity, so IRR is undefined. Comparison with an outright cash purchase does not account for the loss of asset ownership and residual value after the contract term.