The Viability of Small Photovoltaic (PV) Systems Installation

installing solar panels are changing tastes and preferences of consumer. As Energy Sage (n.d.) stated,

While I trying to research a hot topic in California Real Estate, I came cross and found solar energy penal interesting effect in real estate market. The country’s major professional association of real estate appraisers stated that solar photovoltaic systems classically increase market value and almost always reduction marketing time of single-family homes in the San Diego metropolitan area. A group of California economists observed at that question in a recent study and found that on average, homeowners in California who connect photovoltaic solar panels to power their homes can recover nearly all the investment costs if they move–and that’s on top of the annual energy savings.

Each year the cost of designing, building, and maintaining renewable energy infrastructure and technology decreases. This trend is most prominently visible in the solar and wind industries which have both “seen stock prices jump since Congress approved an extension of tax credits for renewables” in late 2015 (Warrick). One cause for the renewable industry’s growth is the influx of investors. In November 2015, Goldman Sachs “quadruple[d] its investments in renewables to $150 billion,” a trend that has only become more prevalent in 2017 (Warrick). Part of the strong appeal of renewable energy is that it pays itself off over time. Instead of paying an electric bill every month, year after year, one can pay to have solar panels installed, that while initially expensive, never require additional payments. Not only are they free after the initial payment, some electric companies pay customers for installing panels and investing in clean energy. Many people complain that renewables produce far less power per dollar than coal, natural gas, and oil. While this may be true, the gap is quickly closing as renewable technology improves and prices drop. The convenience of only needing to pay once for renewable infrastructure far outweighs the greater power output that non-renewables provide for

Currently solar power is beginning to expand horizontally throughout communities. This growth is creating a demand that is beginning to reduce the expense of purchasing and installing solar panels. The concept is catching on and the technology is improving as the demand increases.

For Situation B, Cindy is looking at investing into the renewable energy industry. She is looking at one section of the industry to invest in, which is that of contracting the installation of solar panels. Cindy, has read, that families and businesses are saving money by going to solar for their power needed. Also, that there are government back regulation to make solar more assessable to people. For Cindy, she is looking pass the business opportunity for installing solar planes, but that this product can reduce pollution and help save the environment.

Current community solar enrollment is expected to grow. This growth can be attributed to cost reductions in the installation of photovoltaic systems. From 2005 to 2015, the cost of photovoltaic systems has decreased seventy percent. Despite explosive growth in photovoltaic energy, only one percent of American electricity is solar. In recent years, much of the growth in solar production can be tied to community solar. Utility companies across the county are interested in creating new community programs. The purpose of this paper is identify the necessary elements of a customer value proposition to acquiring a successful subscription for community solar. Consumers have a variety of choices regarding green energy: rooftop solar, green pricing and community solar.

The solar energy industry creates jobs. The Central Valley is a major hub of agriculture in the United States. The produce in the valley varies from vegetables, fruits, wine, dairy products and fruit juices. To sustain Agribusiness in the region, businessmen and farmers needed to cut the cost of running their farms and ranch. The ability to cut the energy bills has helped many businesses to remain profitable and sustain the livelihood of many families. The increase in Solar Energy in the valley started to grow exponentially in the last decade. The Fresno Bee article, “Valley Solar Firms Shine …,” by Sandford Nax talks about the acceleration of solar company expansion and job creation. Sanford presents the different reasons for the solar

At our target market price of $200 per turbine, the cost is affordable for these entities to purchase the high quantities outlined above. This cost ends up being relatively inconsequential compared to the cost of the actual solar parking meter, which is approximately $7,500 (Siemens). Additionally, our product will pay for itself in regained revenues making it more appealing to the customer to make these large

Most solar service providers offer one or more of the following payment options: outright purchase, financing, lease or a purchase power agreement (PPA). Each has its own pros and cons; therefore, make sure you thoroughly understand how each option works before making any final decisions, especially with the PPA option.

Canadian Solar which is a traded solar cell and module manufacturer has experienced recent strong growth. Despite 2009 fluctuations in the solar industry namely for PV technology, the growth has been fuelled by Government incentives programs to encourage solar PV technology. The Solar industry is now highly competitive and companies follow an industrial organizational model. This is because they all compete mainly in PV technology, and this market is hinged on Government initiatives and renewable support schemes. Also, the international markets such as Spain (FIT) and Germany ( EEG law) influenced the companies ' strategy in terms of rates changes, over supply in 2009 among others.

Incentives (governmental regulations require utilities to purchase renewable electricity at higher rates), can only help the business to become established in the market, so are important in the short and mid-term only. Because European incentives diminish over time, in the long term all PV technologies will compete based on price and performance therefore cost

The North Carolina Utilities Commission and the North Carolina Sustainable Energy Association should choose our proposal because solar panels are expensive but they will last up to twenty-five years. Solar panels are important to our society because photovoltaic and solar-thermal panels generate free electricity by converting sunlight into electricity or transferring the sun's heat to heating and ventilation systems. Also, the use of solar panels generate to where energy provides many benefits, which include reductions in the costs associated with generating

The Public Utility Regulatory Policies Act of 1978 (PURPA) is a set of policies passed in the year of 1978. The purpose of PURPA is to encourage the conservation and efficient use of energy resources as well as other new energy sources that can be used to replace the use of oil and gas in power plants, which is inefficient compared to other newly developed energy sources. PURPA also requires electric utilities to purchase electric energy from “small power production facilities”, that is, any qualified generating facilities whose main energy source is categorized as clean and renewable, with an installed capability less than 80 million Watts. (FERC,2016) This policy encouraged people to consider installing a solar panel system in their roof

The SunPower Company is an up and coming manufacturer and seller of photovoltaic (PV) panels. As a young company with a strong desire for innovation they operate in an atmosphere where competition is very high and SunPower and the competition continue to fight for market shares. For SunPower management team to promote its growth will need to make sound decisions to ensure it stays competitive with the market. As seen in 2008, with other solar companies already dominating the market, increasing sales was an imperative goal to achieve its main objective to maximize profit.

Subsides are being provided directly to renewable energy generators by governments all over the world. German has launched an aggressive campaign to have 100% of its energy come from renewable sources. The German government gives direct subsidies to individuals and businesses for the installation of roof top solar panels on their property, thus making renewable energy more attractive for small renewable energy generators (Burgermeister, 2009). Direct subsidies have become a required part of renewable energy for small producers to find it cost effective and current efficiency levels show that they will be required for many years to come.