Conventional Rooftop Solar Model Conventionally, people who wanted solar panels had to cough up tens of thousands of dollars to get them on their rooftops. Most people do not have that kind of cash. So this traditional business model didn’t…
What Will Be the Cost of Solar by 2017?
Making predictions for the future is tricky, but industry experts believe that, when it comes to solar power, they can clearly see the continuing trend of price reductions up to next few years. The cost of solar power today varies…
What Types of Batteries are Best for Solar Power Plants?
Need for Battery Banks for Solar Power Plants Battery banks give a constant level of electrical power and stores energy produced from the system during the day and power appliances at night. For solar systems, we need batteries with long,…
What is the Lifetime of Solar Inverters?
Role of Inverters in Solar PV Systems Inverters are a critical part of all PV systems. Inverters in solar PV systems perform the major function of converting the DC electricity from solar panels into AC electricity as required to power…
What are the Initial Investment and O&M Costs Required for a MW Solar Plant in India?
The major portion of the expenditure for a solar plant is taken up by the initial investment required. There are other expenses which we need to consider initially as part of utility scale solar costs, such as the inverter replacement…
What is the Payback Period of Rooftop Solar PV Systems?
What is the Payback Period of Rooftop Solar PV Systems? Talk to any investor on a business opportunity, and one of the first questions that come up is about the solar energy payback period for the investment. The same is…
What is the Size of the Solar PV System I Need?
Estimating the solar system size you need isn’t a herculean task anymore. It mainly depends on how much energy you use every day to power your equipment. System requirements for each house will be different based on their electricity usage.…
What is Levelized Cost of Electricity (LCOE) and How to Calculate LCOE?
Levelized cost of electricity (LCOE) represents the kilowatt-hour cost of building and operating a power generation plant over an assumed financial life and duty cycle. For a solar PV plant, the typical economic life is 25 years. Essentially, LCOE is…
How Many kW Does One Solar Panel Produce?
Solar panels come in different wattage ratings. Before going further, it is important to understand Watt Peak and Peak Power better. The Wp rating of a solar panel denotes the maximum power that can be produced by the solar panel…
What is the Rate of Return of Utility Scale Solar in India?
Internal Rate of Return Before going into Internal Rate of Return of a utility scale solar power plant, we need to understand the concept of Net Present Value (NPV). NPV negates the problem of having to compare cash flows in…
