Thinking about a renewable energy project and want to be certain that your investment is a good one?
If there was a more comprehensive approach to project assessment, this would be it. Our site evaluation includes a detailed assessment of site and layout alternatives, solar access and shade analysis, water power flow data, wind monitoring and conservative production estimates associated with your particular system. When analyzing and estimating production, we go to great length to ensure that our process and results are both verifiable and well founded. Utilizing many of the industry’s leading tools such as Solmetric’s award-winning SunEye and PV Designer software. Onsite, we are able to incorporate the impact of historical local weather conditions, observe the annual sunpath and determine the impact of obstructions live, define solar access levels, and provide an initial opinion as to the feasibility of the project.
Using best in class tools coupled with a thorough finance back ground we can further provide the following methods of Performance Measurement for your proposed project:
Payback Period: Refers to the period of time required to recover the sum of the original investment. Does not consider the impact of time on the value of money (TVM).
Return on Investment (ROI): A method used to measure the rate of return on invested capital by relating profits to invested capital. May be calculated to consider TVM or not. When the ROI of various projects are compared, projects are prioritized by those which offer the highest to the lowest returns.
Net Present Value (NPV): Uses TVM to evaluate the return on long-term projects by summing the present values of all incoming and outgoing cash flows, taking inflation into account. The discount rate used is the rate of return for a comparable investment. Indicates how much value an investment adds to the owner. If the NPV is positive, the investment is considered acceptable.
Internal Rate of Return (IRR): Measures and compares the profitability of investments without considering the impact of environmental factors (Ex. Interest rate or inflation). It acts as an indicator of investment yield and is compared against an established minimum acceptable rate of return (benchmark). If the IRR is greater than the benchmark, the investment is considered acceptable.