Finance

The simplest way to model the payback period is to divide the project’s costs by its expected annual production number. That’s a good start, but it doesn’t tell the whole story.

In its Q2 earnings statement, Tesla said it is working to improve its Solar Roof installation capabilities and aims to reduce their installation time “dramatically.”

The securitization was backed by more than 6,400 solar rooftop systems and represented the best price to date for a portfolio of solar and energy storage loan assets.

A new report argues for the largest solar buildout the country has ever seen, which it said would create 1.77 million jobs and drive $69 billion in energy savings over five years.

Also on the rise: An insurer warns the solar industry about wildfire risks, Hawaiian Electric’s storage incentive program goes live, and solar energy jobs were lost in the pandemic year but are coming back, DOE says.

Also on the rise: A 500 MW pumped storage project gets seed money from California, supply chain issues are pushing up prices and delaying projects, and Pine Gate Renewables completes a 108 MW project in North Carolina.

Sun Streams 2 is one of four Arizona projects that Longroad acquired from First Solar. The PV and storage portfolio totals roughly 900 MW with the potential for 1-2 GWh of battery storage.

The out-of-pocket cost for a solar power system can be pretty high. We take a look at bank loans, on-the-spot finance, third-party ownership, and the benefits of using cold, hard cash.

Preliminary results for a handful of companies suggest that commodity price rises are having an impact on earnings.

Promising a 5-to-15% increase in returns for utility-scale solar projects, Sunfig’s SIFT can evaluate multiple layouts, site conditions, performance goals, and financial models to deliver a range of project configurations.