Economics of Solar: Making the Financial Case

Course ID: PV205

Status: Completed


Duration: 1 Days Start Date February 21, 2010 End Date: February 21, 2010	Location: Instructor: Andy Black Tuition: $275.00

Details:

Category: Solar Electricity (Photovoltaics)

Most customers know solar electricity is a sound environmental choice, but few are aware it can also be a remarkably sound investment. This rigorous interactive workshop is designed to help dealers, installers, and salespeople understand and make the most accurate and compelling financial case possible for the value of PV systems. The class is focused on residential systems, tax rules, incentives, and best practices. Examples cover many states, but emphasis is on the local region.

This class includes how to make a strong economic selling case by doing a thorough economic analysis for your projects using:

• Simple payback
• Total lifecycle payback
• Internal rate of return (IRR)
• Cash flow analysis
• Appraisal resale value

Understand the variables that go into the economic analysis, including:
• Tiered and time-of-use (TOU) net metering electric rates
• System performance factors including shading, tilt and orientation, and effects on TOU performance
• Incentives and the investment tax credit, and how to maximize incentive benefits for customers

Overview of tools available for financial analysis:

Interactive use of the OnGrid Tool for examples during and at the end of the day. This is NOT a training session or sales pitch for the OnGrid Tool, however, usage questions are entertained in the end-of-day session.

Prerequisite: None - suggested course reparation: PV 101, or equivalent (or PV D&I or Grid-Tied prior to January 2010).
Number of Students: 40
Instructor = Andy Black

Slides from similar past classes: http://www.ongrid.net/papers/PVEconomicsSlides.pdf

Students receive an OnGrid Tool demo copy (license agreement required).

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