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


Hybrid Energy Innovations 2015

Latest Top Stories

Solar Looks Ahead At COSEIA's 2015 Solar Power Colorado

Participants at the Colorado Solar Energy Industries Association's (COSEIA) Solar Power Colorado conference last week talked a great deal about the future.


Mining Companies Find Value In Solar And Wind Generation

Mining companies are finding that solar and wind generation can help them defray costs and stay profitable in inhospitable parts of the globe.


Global Solar Developer UGE Finds A Rainbow In Lower Oil Prices

Urban Green Energy CEO Nick Blitterswyk says fear of oil prices is natural but unwarranted. Short-term, cheap oil actually favors project development, and the long-term trends are all going solar's way.


Nexamp Wrangles Largest Mass. Managed Growth Project For 2014

The Boston-based developer had to hustle to complete the large-scale project in bad weather on difficult terrain.


e2/ECTA Helps Dealership Go Green With 310 kW Rooftop PV System

Haldeman Ford in New Jersey turned to solar to cut electricity costs and to burnish its green credentials. The installer opted for power optimizers to reduce wiring and handle shading issues.

PV America_id1480
Solectria_id1450
Gamechange Racking_id1491