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Solar Profitability: The Economics of Solar Thermal, Solar Electric, and Passive Solar Systems (EGY350E)

Presented by: Dan Chiras
(*) Single User Price. For multiple users please call 1-844-384-4744
Pre Recorded Webinar
60 minutes
Event Description

Understanding The Favorable Economics of Solar Electric, Thermal and Passive Technologies

Assessing the economics of solar vs. conventional energy strategy is fraught with difficulty. Renewable energy technologies often require a substantial initial investment while conventional energy simply requires customers to continue to pay their utility bills. Though the latter may come off as economical, it's often not. In fact, few people realize how inexpensive and profitable solar technologies have become as a result of mass production, financial incentives by various governmental agencies and utilities, and rising energy costs.

To demonstrate the favorable economics of solar technology, expert speaker Dan Chiras, Ph.D. will present three economic tools that allow you to analyze the economics of solar systems: return on investment, net present value of lifetime costs, and lifetime cost of energy. Knowing how to calculate the economics of solar electric, solar thermal, and passive solar systems will help installers more effectively market solar systems and will assist policy makers in planning for future expansion.

Going further, the session will help you understand:

  • Innovative ways to analyze solar economics
  • Why payback should not be used to evaluate economics
  • Comparing cost of electricity between solar and utility power
  • Annual return on investment
  • Lifetime cost of solar vs. grid power using net present value

Session Highlights:

  • Substantial initial investment is required for renewable energy
  • Return on investment, cost of energy, and cost of solar based on net present value show that solar is often a much better investment than continuing to use conventional energy
  • The lifetime cost of solar electricity is frequently cost competitive with conventional electricity even without any financial incentives
  • The economics of solar thermal systems for domestic hot water are often better than solar electricity
  • The economics of passive solar often exceeds those of solar electricity and solar thermal systems
  • Spreadsheet  will be provided to calculate lifetime cost based on net present value

Who Should Attend

  • Solar installers
  • Solar marketing and sales staff
  • Utility officials
  • Educators at trade schools and community colleges
  • Electricians and electrical engineers
  • Insurance officials
About Our Speaker(s)

Dan Chiras | Renewable Energy SpeakerDan Chiras
Dan Chiras is director of and lead instructor at The Evergreen Institute’s Center for Renewable Energy and Green Building in east central Missouri where he teaches numerous workshops on residential renewable energy, including fundamentals of solar electricity and PV site assessment, design, and installation. Dr. Chir... More info

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    Event Title: Solar Profitability: The Economics of Solar Thermal, Solar Electric, and Passive Solar Systems
    Presenter(s): Dan Chiras

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