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

Surrette_id1409
Latest Top Stories

New York Raises Solar Net-Metering Caps As Part Of An Energy Initiative

Gov. Andrew Cuomo announced five significant steps to help improve New York's grid, develop more localized access to energy and encourage new business models.


Co-op Solar Procurement: Exciting Opportunity Or Grounds For Turf War?

Despite promising growth in the utility sector, further procurement of solar on utility co-op systems could be stalled.


Colorado PUC Rejects Xcel Energy's Solar*Connect Subscription Program

Citing a lack of demand and concerns over pricing, Colorado regulators wasted little time in dismissing the utility's community solar proposal.


NextEra To Purchase Majority Stake In Hawaiian Electric In $4.3 Billion Deal

If approved by shareholders and regulators, the merger of NextEra and Hawaiian Electric Industries will produce one of North America's largest renewable energy companies.


EnterSolar Completes 1.6 MW Rooftop For Long Island Distributor

NYC developer structures three discrete projects to maximize feed-in tariff and net-metering incentives.

Hybrid Energy Innovations 2015
Maynards_id1471