User:Dylankapadia98/Solar power

Solar Development

Due to the growing popularity of photovoltaic solar projects, there is a demand to turn these projects into class assets by investors. The development of solar infrastructure can provide a passive income for an average of 20-25 years. Due to the Investment Tax Credit's approval to lower, many projects will commence operations by December 31st, 2019 in order to take advantage of the 30% tax credit.

Development Pipeline

Potential investors look at the pipeline of a solar project and determine what state it is in to see likeliness of success. Projects in the proposal stage would have a 5% chance of success. Those projects in the term sheets have a 30% chance of success. The projects in the negotiation stage sees in 50% chance of success. Projects in "executed PPA" have a 75% chance of success. The project success is determined by four major pillars. These pillars are known as Revenue Streams, Interconnection, Site Control, and Permitting. A fault in any of these pillars will lower the chance of success in a given project.

Solar Development Companies

As the popularity of PV Solar development rises, so does the expansion of companies in their pursuit for solar development. China's GCL New Energy is leading the way with 5 gigawatts deployed and 7 more in development. The United State's First Solar is close behind with 10 total gigawatts in development and/or deployed. Canadian Solar has a total of 8 gigawatts in use.

A list of the top global solar development companies:


 * GCL New Energy
 * First Solar
 * Canadian Solar
 * Total (Sunpower and Eren)
 * SunEdison

The top 15 global solar PV developers account for over 26 gigawatts of operational capacity and installed about 20% of the world's PV utility scale. These companies have 40+ gigawatts in the development pipeline.

Commercial Solar Power Systems

There are many benefits of having commercial solar power systems.


 * Cost reduction

The biggest benefit of solar power for businesses appear as savings on the electricity bill. Solar energy provides a dramatic reduction in commercial power costs, and in locations where net metering is available, it may even result in revenue from excess power sold to your local utility. For example, businesses that rely on antiquated energy sources like coal or natural gas could be paying electricity costs ranging from 7 to 30 cents per kilowatt hour (kWh). Switching to solar could reduce costs to somewhere between 2 to 12 cents per kWh. The cost reduction of switching to solar power is determined by a number of variable factors, including when, where, what activity, what industry, and size of facilities. Businesses that will benefit the most from switching to solar are ones with enough space to build an appropriately-sized system to cover their energy needs, enough sunlight to generate the solar power, and a load profile that requires energy at peak hours.


 * Solar revenue

Through Solar Renewable Energy Credits, many homeowners can get solar credit for every 1000 kilowatts generated via personal solar product. SRECS are only available in 16 states and Washington D.C.


 * Resiliency

Homeowners can have the ability to turn their homes into "energy islands" independent from utility energy providers.


 * Competitive advantage

In today's era, an initiative for renewables not only helps tangibly, but will also provide positive recognition.