Midwest renewable group launches online solar financing tool
Published by Solar Power World on October 19, 2017.
With support from the U.S. Department of Energy SunShot Initiative, the Midwest Renewable Energy Association (MREA) has launched an online, interactive tool to simulate long-term financial forecasting for PV investments. The tool was created with expertise from Sustainable Capital Advisors and is designed for tax-exempt and taxable entity personnel to analyze, compare and define investment strategies that meet their needs and advance PV investments in the public and private sectors. The tool allows the user to input their own basic solar project values to demonstrate and compare financial projections for four types of solar PV investment.
The tool can be used to guide or validate potential projects, compare proposals or simply help users become more familiar with financing structures and common transaction costs. Before a site assessment, users can estimate cash-flow projections using financial assumptions. After a site assessment, users can fine tune their simulation using the new information collected. Users will then be able to compare proposals, analyze multiple runs, and learn how specific variables influence project outcomes.