This report prepared by Lawrence Berkeley National Laboratory describes a total cost of ownership model for emerging applications in stationary fuel cell systems. Solid oxide fuel cell systems (SOFC) for use in combined heat and power (CHP) and power-only applications from 1 to 250 kilowatts-electric are considered. The total cost of ownership framework expands the direct manufacturing cost modeling framework of other studies to include operational costs and life-cycle impact assessment of possible ancillary financial benefits during operation and at end-of-life. These include credits for reduced emissions of global warming gases such as carbon dioxide and methane, reductions in environmental and health externalities, and end-of-life recycling.