Levelized cost calculations are good for comparing across projects, even if they have a different fuel source. Consider that Rhode Island is considering building a 10 MW natural gas plant. According to EIA, capacity factors for gas plants are 46.5%, have an initial cost of $920 per kW installed, and annual operating costs of $244 per kW installed. Assume the lifetime of the gas plant is 25 years and the discount rate is 7%. Using the Excel worksheet, fill in the following table:

	Annual electricity generation (MWh)	Levelized cost per kWh
Rhode Island gas plant	40,734 MWh/year	$0.08 per kWh

With the information, you can see that solar is considerably more expensive in Rhode Island than natural gas. On average, Rhode Island households use 700 kWh of electricity per month. How much in additional electricity costs would it cost an average RI household per year if all electricity generated in Rhode Island came from solar instead of gas?

(Please show work - I don't understand how to do the question under the table)