in News Departments > FYI
print the content item

SolarTech, a nonprofit solar collaborative, has released a new report on publicly available solar financial calculators. This report is part of SolarTech's efforts to drive down financial transaction costs for solar PV with a comprehensive survey.

Financial calculators often do not agree on the electrical production and financial payback claims of PV systems, SolarTech says. "When customers receive conflicting quotes from different project sponsors, this causes confusion in the buying process," notes Todd Grenich, managing partner at Grenich Capital LLC and SolarTech's Finance Committee Chair. "The industry needs tools and methods that are predictable and build customer confidence in what is still a nascent, growing industry."

The study was sponsored by SolarTech Finance Committee in partnership with the Gary J. Sbona Honors Program at San Jose State University (SJSU) School of Business, and a California Energy Commission PIER Grant. SolarTech engaged the accounting and finance department at SJSU to study the various financial calculators available in the public domain.

A team of three students in the Sbona Honors Program agreed to conduct a survey and analysis as part of their senior class project requirement. After considerable research, including interviews with industry experts, the leading contender was NREL's Solar Advisor Model, SolarTech says. The Clean Power Estimator, RETScreen and the NCSC Solar PV Financial Calculator were close seconds.

SOURCE: SolarTech


IronRidge_id1414

Hybrid Energy Innovations 2015
Latest Top Stories

Solar Generation In The U.K. Soon To Be Cheaper Than Gas

Research shows solar will be cheaper than the wholesale price of electricity by 2028, and that the U.K. will be able to supply 15% of its electricity demand with solar by 2030.


PSC Rubber-Stamping Of Rate Cases Leaves Wisconsin Solar 'Devastated'

By largely siding with utilities in recent rate cases, the Public Service Commission (PSC) of Wisconsin dealt a stinging blow to the state’s energy-efficiency and customer-sited generation programs.


'Freeing The Grid' Shows U.S. States Strong On Clean Energy Policies

An annual report on net-metering and grid interconnection procedures in the U.S. shows that these important policies have a firm footing in many states and are even gaining ground.


Opinion: Getting Solar Customer Data From Utilities Should Not Be Hide & Seek

There is an interesting debate unfolding in California about who, if anyone, should be collecting data about the state’s distributed generation installations.


Distributed Resource Operators Could Make DG Solar Easier For Utilities To Swallow

At Solar Power International 2014, panelists evaluated whether the independent system and regional transmission operator models could help integrate distributed generation (DG) energy resources onto the grid.

Solectria_id1450
CanSolIndus_id1429