1. For the electricity price from the PV system to be comparable to conventional electricity at €0.10/kWh, the levelized cost of electricity over the 20 year lifetime must be €0.10/kWh or less.
2. Assuming a 14% efficient PV module and 1000 kWh/m2/year of sunlight, the module area required to produce 1 kWh/year is 0.07 m2. For a 20 year lifetime, the module area required per kWh is 1.4 m2. At a production cost of €X per Wattpeak, and assuming each Wattpeak of module produces 1000 kWh/20 years = 50 kWh, the levelized cost of electricity works out to