With the development of online solar tools/solar maps, any business owner can be able to determine whether going solar will make any economic sense while inputting very minimal data. All that is needed is the location and an estimation of your current energy bill. Solar online tools have simplified the need to call solar developers during the preliminary stage of the solar project. At this stage, you probably don’t need to call solar developers because you can make an estimation of whether going solar is worth it based on specific data sets that can be figured out using these tools.
The following are some aspects of going solar that you might want to consider to help you determine or decide whether going solar is a preferred option for your commercial building.
- Solar online tools will provide you with your solar energy potential or solar yield that can be generated on your rooftop.
- These tools will give you solar financing options, including leasing, solar PPA, solar loans and cash options. Each of these financing options will provide you with their estimated savings over the lifespan of your solar panel hence allowing you to make a judgment based on estimated savings to be achieved in the long-term.
- Also from the personalized solar reports generated after inputting your details, you can capture your current energy requirements with your current utility rates versus future rates when solar is included can be generated to help you determine future energy savings.
- Sizing of your PV system which is critical for commercial projects will also be captured. In this regard, you will be able to answer the question “how many solar panels do I need” in order to go solar. The size of your commercial solar PV system can range anywhere from 10kW and above depending on the size or energy requirements of your business. Hence, how many solar panels you need for your PV system determines whether your project will be successful and to what extent it will be. Your PV system needs to be sized correctly in order to enjoy all your solar benefits. Oversizing your system can lead to wasted energy production while undersizing will result in reducing your return on investment or other opportunities. Today there are various monitoring systems that can help you to determine your solar production on a real-time basis. TED for solar is one monitoring system that will provide you with insights into your solar energy investment as it monitors your PV system to give you the following data:
- Solar energy production
- Solar energy consumption
- Net solar usage
- Lastly, with the help of online solar tools and assistance from solar developers, you can get more specific details into the financials of your solar project. These data help you to draw conclusions on whether to proceed with your solar project. You personalized solar report will provide you with the following details for you to decide whether going solar is actually profitable for your business that is,
- Expected initial investment cost
- Expected solar yields (solar potential)
- Estimated payback period
- Estimated return on investment
- Financing options with each one presenting you with estimated savings potential.