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.

Example result: PV 1000 kWp, Poland, market benchmark

What the calculator computes

Equity IRR
16.8 %
NPV at WACC
453,425 EUR
LCOE
76.7 EUR/MWh
Minimum DSCR
Payback period
5.8 years
EBITDA year 1
90,250 EUR

The calculations are indicative and based on market benchmarks. They do not constitute investment advice or an offer. A precise analysis requires project data.

Parameters

Technology
40EUR/MWh250
10EUR/MWh150
0EUR5,000,000

The benchmark is calculated from the PV capacity.

Verified: 04.08.2026

Energy storage

50kW20,000
50kWh40,000
50%100
70%98
50cycles730
0.5%/year5.0
10EUR/MWh200

Financing models

Project finance

Model unavailable: DSCR 0.84 below the 1.20 bankability threshold

3.53%
Equity IRR
-51,659EUR
NPV at WACC
LCOE
No outlay on the investor's side
Minimum DSCR
No debt service
13.62years
Payback period
15,157EUR
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

The calculations are indicative and based on market benchmarks. They do not constitute investment advice or an offer. A precise analysis requires project data.

The calculations are indicative and based on market benchmarks. They do not constitute investment advice or an offer. A precise analysis requires project data.

Detailed comparison

Equity IRR

  • All-cash purchase3.53%
  • Operating lease1.64%
  • Project finance
  • ESCO / OPEX model

NPV at WACC

  • All-cash purchase-51,659
  • Operating lease-52,270
  • Project finance
  • ESCO / OPEX model97,372

Equity engaged

  • All-cash purchase210,000
  • Operating lease21,000
  • Project finance
  • ESCO / OPEX model0
LCOE (technology cost)

Calculated for the all-cash variant. The cost of generating energy does not depend on the financing method.

Comparison table

MetricAll-cash purchaseOperating leaseProject financeESCO / OPEX model
Net outlay210,000210,000210,000
Equity210,00021,0000
Debt / financed amount0189,0000
EBITDA year 115,15715,15710,977
NPV at WACC-51,659-52,27097,372
Project IRR3.14%1.83%
Equity IRR3.53%1.64%
Payback period13.6217.730.00
Discounted payback period0.00
Minimum DSCR
Average DSCR
Total benefit over the horizon293,07550,505185,641

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.

Project finance
  • Minimum DSCR is 0.84 — below the threshold accepted by most banks (1.20).
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.

The calculations are indicative and based on market benchmarks. They do not constitute investment advice or an offer. A precise analysis requires project data.

Want to discuss this scenario?

We will pass the calculation to our team and get back to you with a market comment.

Your request goes straight to the Enedeal team. We reply within one business day.