Winter Gardens Solar Calculator

So, what exactly is involved in calculating solar panels cost in Winter Gardens? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

Solar Panels For Your Home

Winter Gardens 3 Undervalued Solar Leaders

SolarCity Stock Should Continue to Rise As Solar Becomes More Affordable

Energy is one of the world's largest sectors in the market; therefore energy stocks comprise a large amount of the portfolios of institutional and individual investors. Oil, of course, is the largest in the energy sector at roughly 36%, followed by natural gas at 24%. Interestingly one of the most talked about sources of energy, solar energy, still only comprises one quarter of one percent of today's energy supply. However those numbers should shift upward over the next decade as witnessed by last year's 86% growth in the solar industry. In the U.S, solar energy consumption grew by nearly 34% reaching 0.212 quadrillion Btu. Bloomberg New Energy Finance predicts that solar will gain 24%, second largest share of new power capacity behind wind power, added in terms of GW by 2030.

Though the "green" movement does play a role to some extent, what may actually be driving the shift toward solar energy in residential and commercial buildings may be simple economics. People want to use cleaner energy to run their houses or businesses, but most are not willing to spend the extra money, or simply do not have the financial means to pay the extra costs to convert to solar. In 2005, solar panels typically cost $3.50 per watt of power, however, by 2012 prices had tumbled to 75 cents a watt, and some experts predict the prices will continue to fall, making it more cost effective for the consumer to have installed on their home or business.

But buying and installing solar panels is still costly, and could take upwards of twenty, for solar to pay for it. That's why the biggest shift in solar has come from companies leasing the panels to the customer and selling them the electricity at a reduced price compared to what the utility companies charge. It appears to be a win - win situation; as the industry has appeared to overcome a major obstacle eliminating the large upfront costs, and the solar company that leased and installed the panels makes money selling back the energy to the customer. For that reason, I believe the money to be made by the investors might be better placed in companies that buy the panels and install them, then have the customers lease them, thus making it affordable to the consumer.

That is what SolarCity (SCTY), a San Mateo CA company does. SolarCity designs, installs and sells or leases solar energy systems to residential and commercial customers, then sells the electricity generated by the solar energy systems back to customer at 10% to 20% less than the utility companies. And its business model appears to have attracted plenty of investors, as witnessed by the stocks run-up of over 250% since its December 2012 public offering.

In June, SolarCity announced the launch of a Zero-Down solar financing program for the home building industry, giving builders the opportunity to offer solar in new residential communities without the builder or the new homeowner incurring any upfront costs. In the first five months of 2013, the total kilowatts [KW] of SolarCity's installations for new home builder construction grew by more than 300% compared to the same period the previous year. Through its Homebuilder Partner Program, SolarCity has formed partnerships with over 30 national and regional home builders in 125 communities across the U.S.

According to Walter Cuculic, SolarCity's national manager of Builder Programs:

Home builders today are investing heavily in adopting green construction practices and solar is a linchpin in the success of a modern, energy efficient home. SolarCity's full-service offering and our new Zero-Down financing option helps home builders meet their aggressive construction timelines and stay within their budgets, and solar will save money for the homebuyer on their energy bills for years to come.

The company's initiative, where it plans to build more than $1 billion in solar projects to provide power to up to 120,000 military homes in the United States, continues to show success. On July 23rd SolarCity announced plans to add 12.8 megawatts of new solar generation capacity for up to 7,500 military homes at Lend Lease-managed Island Palm Communities throughout the island of Oahu. SolarStrong projects are already underway at nine other military bases throughout the U.S.

SolarCity was chosen by Wal-Mart Stores, Inc. (NYSE:WMT) to install solar panels in 60 stores in California. SolarCity will own and maintain the solar power systems, and has added more than 500 new full-time employees since it initiated its first Wal-Mart solar project, and expects to hire hundreds more employees before year's end. Wal-Mart's solar power initiative will total more than 130 stores by the close of 2013.

Mack Wyckoff, senior manager of renewable energy at Wal-Mart, commented on the solar project:

Our solar efforts in California have proven to be a great way for Wal-Mart to build our renewable energy program. We are confident that we will continue to grow our solar energy program in the U.S. and around the world because of the initial success we have had in California.

While the business model and growth all sound positive, and SolarCity, which has a $3.12 billion market capitalization, has seen its customer base rise 106% year-over-year to over 57,400 and though the company increased its long-term contracted cash flow to $1.22 billion, it has yet to turn a profit. The reason is that though leasing the solar panels has shown to be the most successful method to attract clients, the long term leasing model requires upfront costs for the panels and the instillation, thus the company does not see any profits until the customer base expands enough to produce offsetting lease income. However, with panel prices continuing to drop, the company's upfront costs will drop as well. According to Kevin Landis, manager of the Firsthand Alternative Energy fund, in reference to SolarCity's business model:

When the price of panels goes down, their business gets better. The sweet spot is buying the panels and owning the output.

SolarCity stock closed on Wed. July 31 at $41.35 per share. For the first quarter of 2013, core operating lease revenue rose 85% to $15.1 million compared to $8.1 million in the first quarter of 2012. Total revenue grew 21% year-over-year to $30.0 million. Gross Profit rose 25% to $12.7 million, up from $10.1 million in the first quarter of 2012. Total operating expenses, however, rose $34.5 million in the first quarter compared to $24.7 million in the first quarter of 2012, due in part to the continued investments in development capabilities. For the second quarter 2013, SolarCity expects operating lease revenue to come in be between $16 million - $18 million, with solar energy systems sale revenue between $5 million - $10 million, and an operating expenses to be between $38 million - $42 million.

SolarCity does have its competitors like the larger SunPower (NASDAQ:SPWR), a high quality solar panel producer based in San Jose, CA, that designs, manufactures and delivers solar panels and systems to residential, business, government and utility customers. SunPower has also built its leasing business to be the largest U.S. both residential and commercial, and globally the company has installed over 100,000 residential systems. Shares of SunPower have had an amazing run year to date, up 391%. After hours on July 31st, the company reported net income for the second quarter of $19.6 million or $0.15 per share, compared to a net loss of $84.2 million or $$0.71 per share for the same quarter last year. SunPower forecasts for the third quarter adjusted revenue of $550 million to $600 million and adjusted earnings of $0.15 to $0.35 per share. For fiscal 2013 the company expects adjusted revenue of $2.5 billion to $2.6 billion and raised its adjusted earnings from $0.60 to $0.80 per share to $1.00 to $1.30 per share. On August 1st, shares of SunPower dropped 10% on high volume to $25.20 in mid-day trading.

Conclusion

Solar power in residential and commercial is clearly on the rise with plenty of room to grow. Interestingly, what might accelerate the growth is that instructional investors have not gobbled up solar company shares; roughly 20% of SunPower shares are held by institutional investors, and only 17% of SolarCity is owned by institutional investors.

While I think both SolarCity and SunPower have the potential to continue to see their stocks rise significantly in the next few years, what I like about SolarCity is that it does not manufacture the solar panels, so it does not have to compete with the Chinese manufacturers. SolarCity focuses primarily on the design, installation, the finance and the management of the system. Though with the high run up on both companies, I would like to see the stocks dip on some profit taking for a better entry price.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Solar Panels For Your Home

SunPower: A Super Solar Stock With Amazing Upside Potential - SunPower Corporation (NASDAQ:SPWR)

Recent Macro News

Source: Wallstreetdaily, SCMP, CNN Money

The last 2 quarters have seen influential countries such as china, India and Saudi Arabia announce heavy commitments to investing in solar infrastructure. The news isn't particularly surprising if you are aware of the hazardous pollution levels in China and India. China, the most populated country in the world, claimed that it will spend over $361 billion on renewable energy development by 2020. According to China's National Development and Reform Commission (NDRC), 40% of that spending will go towards solar and that will result in more than 1000 major solar plants, boosting china's solar capacity by 5 times.

Khalid Al-Falih, the energy minister of Saudi Arabia, announced that the oil capital of the world plans to spend as much as $50 billion on renewable energy. The short-term goal is to generate 10 GW of electricity through solar and wind by 2023. Al-Falih remarks that the long-term goal is to have renewable energy account for 30% of the country's total energy consumption by 2030.

Forbes states that India has installed 5.4 GW in 2016, and the Ministry of New and Renewable Energy estimates 15 GW (estimates to around 22% of global demand in 2017) and 16 GW of solar installation for the next two years. The Indian Government aims to accumulate 100 GW of solar by 2022, a feat which will require around $90 billion in total.

The combined future solar spending by these three countries, as well as the rest of the world, is an enormous pie to split between the big players in industry. In this article, I will use fundamental data to compare First Solar (NASDAQ:FSLR), Canadian Solar (NASDAQ:CSIQ) and JinkoSolar (NYSE:JKS), 3 heavily undervalued solar leaders which are well positioned to meet increasing global demand. All financial figures are expressed in USD via Bloomberg.

Market Cap

Source: Bloomberg

First Solar's $3.94 billion market cap is by far the largest in this group. First Solar is the only company on this list headquartered in the US and has an American management team. Canadian Solar's $855 million market cap is the next highest. Canadian Solar is based in Guelph, Canada, but the management team and production is predominantly Chinese. JinkoSolar's $542 million market is the lowest of the bunch. The company is entirely Chinese from its headquarters to production.

Revenue & Gross Profit & Net income

Source: Bloomberg

Please note that analyst consensus Q4 revenue and net income are used to estimate full-year 2016 revenue for Canadian Solar and JinkoSolar. On a GAAP basis, First Solar reported $2.951 billion in revenue and $704 million in gross profit for 2016. Net income came out to be -$382 million due to a $729 million unusual expense which we believe to be asset write-offs. Canadian Solar is expected to earn $2.871 billion in revenue, $459 million in gross profit and $89 million in net income. JinkoSolar is projected to pull in $3.331 billion in revenue, $647 million gross profit and $125 million in net income. JinkoSolar leads the pack in revenue and net income due to the tremendous demand for solar in China, where JinkoSolar conducts a majority of its business. First Solar boasts the highest gross margin at 24% while Canadian Solar and JinkoSolar have gross margins of 16% and 19%, respectively.

Source: Bloomberg

Cash & Debt

Source: Bloomberg

Looking at the balance sheets of these 3 companies, it's clear why First Solar is trading at a higher earnings multiple compared to its peers. First Solar currently has more than 10x cash on hand than total debt and actually received $5 million in interest income in 2016. Canadian Solar has $481 million cash on hand and a heavy debt load of $2.344 billion. The company is paying an estimated $52 million in interest expense (first 3 quarters annualized). JinkoSolar has $2.663 billion in debt, the highest of the three and dwarfs First Solar's debt of $188 million. JinkoSolar is estimated to pay a substantial $95 million interest payment in 2016 (first 3 quarters annualized). Although Canadian Solar and JinkoSolar are carrying high levels of debt, one must note that Canadian Solar and JinkoSolar have historically financed their projects with debt rather than equity.

Current Price vs. Book Value

Source: Bloomberg

All three solar leaders are currently undervalued relative to their book value. First Solar, with over $2.4 billion in retained earnings, is trading 22% below book value. JinkoSolar has been GAAP profitable for the past 10 quarters and accumulated $339 million in retained earnings during the same period. JinkoSolar is currently trading 28% below book value. Canadian Solar at its current price of $15 is trading just $1 below its book value of $16, but the company has been steadily growing its retained earnings from $47 million in Q4 2014 to $294 million as of Q3 2016.

Analyst Targets

Source: 4-traders

First Solar, with 22 covering analysts, has 5 buy ratings, 4 sell ratings and 13 hold ratings. First Solar is currently trading right around the analyst target of $35.9. Canadian Solar, with 2 buy ratings, 2 sell ratings and 7 hold ratings, is trading slightly below its price target of $15.2. JinkoSolar, with only 7 covering analysts, has 3 buy ratings and 4 hold ratings. The analyst target of $23.2 represents a 36% upside from the stock's current price.

Personal Holding

Although we believe all three stocks have bright futures, we currently hold Canadian Solar only. Although Canadian Solar's P/E is not as low as JinkoSolar's and the company's book value is below both of its peers, we remain enticed by Canadian Solar's diverse project portfolio. Since its inception, 100% of JinkoSolar's revenue came from the People's Republic of China. In 2016, 83% of First Solar's revenue came from the US, 5.4% came from India and 11.7% from various other countries. For the 12 months ending 9/30/2016, Canadian Solar derived 41.7% of its revenue from Asia, 46.8% from America (a good portion of which is from Canada) and 11.5% from Europe + other foreign countries. We believe Canadian Solar's diversified global presence positions the company tremendously to meet the increasing global demand for solar. We will continue to buy on dips and may initiate a position in JinkoSolar in the near future.

Source: Bloomberg

Disclosure: I am/we are long CSIQ.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Winter Gardens

How to Hook Up a Wind Turbine and Solar Panels to a Battery


Solar Panels San Diego

Winchester Solar Panel Install Cost

So, what exactly is involved in calculating solar panels cost in Winchester? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

Solar Electricity System

Winchester 3 Undervalued Solar Leaders

Solar panels are a source of alternative energy and can be constructed at home and mounted on the roof of a house. Depending on the amount of panels that are used, a significant amount of money can be saved on energy bills by using solar energy. When constructing solar panels, the two main choices for the body of the panel are Plexiglas or tempered glass -- it is important to know the specifications of both types of glass to meet the needs of your solar panels. Advantages of Plexiglas Panels Plexiglas panels are made of acrylic material, which means that they can be cut easily with a band saw. Plexiglas allows about 90 percent of light rays to pass through it to the solar cells. Despite allowing this much light through to the solar cells, Plexiglas protects the solar cells very well from wear, ensuring that they last as long as possible. Advantages of Tempered Glass Panels Tempered glass panels are more durable than Plexiglas -- this is important to consider in residential neighborhoods, as a stray ball can hit a solar panel. A crack in a tempered glass panel will not impede the solar cells from working properly. Tempered glass is also easy to cut -- this makes it easier to fit on panels of all shapes. Disadvantages of Plexiglas Panels Plexiglas has a softer outer surface than tempered glass and can crack or scratch easily, leading to solar cells being blocked from receiving solar rays. Plexiglas does not bend easily, which requires that it be supported on the solar panel -- failure to provide proper support can result in the Plexiglas panel cracking. Disadvantages of Tempered Glass Panels The cost of tempered glass is typically higher than that of Plexiglas (tempered glass can cost up to $150 per sheet as of 2011) and does not allow as much light to penetrate to the solar panels, reducing the efficiency of the cells. Although tempered glass sheets are durable, there exists the risk that they may shatter, which could block the solar cells from receiving light. A sheet of shattered tempered glass will also allow moisture into the panel, which will eventually ruin the solar cells. Related Searches References RPlastics: Plexiglas Primer Energy Matters: Solar Panel -- Plate vs. Tempered Glass Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. You May Also Like Glass Vs. Plexiglass In general, glass is cheaper to purchase than plexiglass, is more scratch resistant and more easily recycled. Plexiglass, on the other hand,... Acrylic Vs. Plexi Glass Acrylic and Plexiglass are often used interchangeably in product literature concerning sheet plastic. While Plexiglass is made from acrylic, there are subtle... Types of Glass Solar Panels Solar panels come in many forms and are made from multiple components. The glass components of solar collectors vary in form and... Cost Of Solar

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Hemera Technologies/AbleStock.com/Getty Images With increasing concern about urgent environmental issues like global warming, many people have turned to local initiatives to reduce their environmental impact. Home energy use, the most local of environmental impacts, has become one focus of environmental advocacy. Although the feasibility of domestic renewable energy systems varies widely depending on local conditions and house architecture, many homes can operate green energy systems, like wind and solar power, to offset all or part of their home energy use. Best of all, these systems are relatively easy to install, with the connection of wind turbines and solar panels to a battery pack requiring only a few simple steps. Things You'll Need Electrical cable Wire cutters Wire strippers 2 Ammeters 2 Charge controllers 2 Fuses Electrical tape Solar Panels Cut lengths of electrical wire to make each of your connections. You will need a total of eight lengths, two for each connection between components (panels, ammeter, charge controller, fuse and battery pack). Cut the lengths to the appropriate distance between each of the components in your home layout, leaving a bit of extra slack in case you have to make changes. Strip the ends of each length of cable with a pair of wire strippers, exposing the interior copper wire in order to make electrical connections. Connect one length of cable to the positive output from your solar panel by wrapping the exposed copper wire around the output. Connect the opposite end of cable to the positive input in your ammeter, a device used to measure electrical current that will be useful for system maintenance. Insulate both connections with electrical tape. Connect a second length of cable to the negative output from your solar panel, with the opposite end connected to the negative input in the ammeter. Insulate the connections with electrical tape. Connect the ammeter to the charge controller by repeating the process, running cables between the appropriate inputs and outputs in the two devices and insulating the connection. Connect the charge controller to the fuse inputs with another two lengths of wire, insulating all of your connections. The fuse will interrupt the current in the case of unexpected power surges and protect your system. Connect the fuse outputs to the appropriate terminals in the battery using the last two lengths of wire. Connect the positive output from the fuse to the positive terminal in the battery and the negative output to the negative terminal in order to close the circuit. Insulate all your connections with electrical tape. Other People Are Reading How to Combine Solar & Wind Power How to Use Solar Panels & Wind Turbines Together Adding a Wind Turbine Cut eight lengths of electrical wire to make all of the necessary connections and strip the ends with a wire stripper. Wind turbines are a popular choice for home renewable energy systems. Connect the outputs from the wind turbine to a separate ammeter in order to monitor the current from the wind turbine without interference from the panels. Make and insulate the connections just as you did with the solar panels. Connect the wind turbine ammeter to a second charge controller, a device that regulates power flows during changes in wind or solar conditions in order to avoid damage to your batteries or wind turbine. Connect your wind turbine charge controller to a second fuse, allowing you to interrupt the flow from either the wind turbine or the solar panels while still accumulating power from the remaining system. Connect the fuse to the battery pack. You can use the same batteries for both systems or separate them if your want to store energy in different voltages. Tips & Warnings Make sure your energy generators (solar panels and wind turbine) are producing energy with the same voltage as your batteries. You can modify the connections in your battery pack with series and parallel circuits to manipulate voltage and accommodate the voltage from your generators. Your generators, however, must be compatible and have the same voltage in order to feed the same battery pack. Consider separating the battery packs from wind and solar energy if they use different voltages. Be sure your solar panels and wind turbine are not generating energy while you make the connections. Always be careful when handling electrical wire, and only touch the interior copper wire when absolutely necessary. Related Searches References Vela Creations: How to Build a Chispito Wind Generator Free Sun Power: Solar Power System Free Sun Power: Solar Energy System Example Wiring Diagram Photo Credit Hemera Technologies/AbleStock.com/Getty Images Jupiterimages/Photos.com/Getty Images Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. Resources Battery University: Series and Parallel Battery Configurations

Winchester

How to Install Solar Panels on a Tile Roof


Solar Panels San Diego

Wildomar Solar Companies

So, what exactly is involved in calculating solar panels cost in Wildomar? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

Solar System Price

Wildomar 3 Undervalued Solar Leaders

With growing concerns over the environmental effects of burning fossil fuels and rising energy prices, many people are looking to renewable energy as a clean alternative and a way to cut down on energy costs. Installing solar panels into a home not only will reduce electrical bills, but may also actually help you make money by generating electricity. Although the installation cost can be expensive, the government offers programs and tax credits for "green" home improvement projects like this one. Things You'll Need Solar panel array Chalk Stud finder Solar panel mounts Drill Stainless steel lag bolts Metal flashings Metal rails 3/8" stainless steel bolts Electrical conduit Circuit breaker Installing Solar Panels Determine how big the array on your roof will be and mark off where it will be installed. Use a stud finder to locate the studs in the area where the panels will be installed and mark them off. The attachment points will be spaced in a rectangular grid pattern, 4 to 6 feet apart. Align the mount over the stud where it will be attached and drill a pilot hole. Use stainless steel lag bolts to attach the mounts to the roof, driving them in through the pilot holes you've drilled. Slide the flashings over the mounts, tucking the top edge under the shingle and nailing it to the roof. Attach metal rails to the posts with 3/8" stainless steel bolts. Install the solar panels and connect them so they form an array and also install all the wiring connections. Wiring Run the electrical conduit from the array to the place the inverter will be located, attaching it to the roof. Other People Are Reading How to Calculate Solar Panel Angle The Average Cost of Switching to Solar Energy Run the wiring through the electrical conduit, following the instructions provided by the manufacturer to connect the wires to the solar panels correctly. Take the side of the wiring that's not attached to the array and run it into the inverter and disconnect switches. The inverter converts the DC current that the solar panels produce into the AC current you use in your house. The disconnect switches allow you to turn the system off so that you can safely make repairs. The control equipment should be placed near your electrical box. Install a new circuit breaker in your electrical box and feed the lines leading from the solar array into the electrical box through the new circuit breaker. You might want to hire an electrician for this step if you're not comfortable doing it. Tips & Warnings Ideally, you should install the solar panels while the house is under construction or a new roof is being installed. When you're attaching the mounts to the roof, use a chalk line or laser sight to keep them in a straight line. Related Searches References Ameco Renewzle.com SolarPowerRocks.com Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. Resources Solar Panel Installation You May Also Like Solar Roof Panels to Prevent Ice Dams In the winter, melting snow can lead to ice dams. These dangerous, costly packs on your roof can be difficult to remove.... How to Install Solar Panels on a Tile Roof Solar panels can be installed on many roof types. The panels can be tilted up as well as flush-mounted. It is much... Flat Roof Pros & Cons While pitched roofs are used on many houses, a flat roof is a viable option for many homes. As the name implies,... How Much Does It Cost To Install A Solar Panel

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Solar Panel image by kuhar from Fotolia.com Although it comes with a steep price tag, building your own solar energy system comes with many benefits. Depending on how much installation you do yourself, your payback period can be dramatically reduced. Building your own system requires advanced knowledge of home-improvement techniques, including electrical, circuitry and roofing. This project may take four to five full days of work, depending on how large of a system you are installing. Things You'll Need Pen Paper Solar panel kit Mounts Silicone with caulking gun Power drill Heat gun Charge controller Deep cycle batteries Insulated electrical wire AC inverter Wire strippers Soldering iron Adhesive-lined heat shrink tubing Electrical tape Write down on a sheet of paper the appliances that you are desiring to operate with solar power. Write out the total amp rating of each appliance as well as the number of hours that each appliance will operate throughout the day. Multiply the the amp rating for each appliance by the number of hours you plan to operate it. This number will indicate the total amp hours that you need to provide through your solar power system. Generally, the total amp hours from your appliances should equal no more than 50 percent of the total capacity of your battery bank. For example, if you plan to use your appliances for 200 amp hours on a daily basis, your battery bank should a charge up to 400 amp hours. This will help to determine the number of batteries that you need, however, the amperage on deep cycle batteries vary depending on which product you purchase for your system. Mount the solar panels on the south-facing portion of your roof-top by using a power drill and the mounting kits provided with the solar panels. Solar panels should be angled so that they match the latitude of your location, plus or minus 15 degrees depending on seasonal adjustments for the height of the sun. For example, if you live at a location where the latitudinal coordinate is 30 degrees, the panels should be mounted 30 degrees from horizontal. If your kit includes the ability to change the angle at which the solar panels are mounted, you should add an additional 15 degrees during summer months and subtract 15 degrees in the winter, when the sun's height is lower in the sky for a shorter duration of time. Solder 12 gauge electrical wiring to the two output terminals found on the side of the solar panel. The black 12 gauge wire should continue from the positive terminal of the solar panel and the white wire should connect with the negative terminal. Use the green wire to connect to the solar panel's frame as a way to ground the wire. Expose at least one inch of the copper wire by stripping the sheath of the two wires you are joining together. Twist the two wires being joined together into an "X," wrapping the first wire's end along the length of the second wire until the first wire's end is completely wrapped around the second wire. Repeat the same process for the second wire. Heat the joint by holding the soldering iron beneath the wire joint. Apply the soldering iron and solder to the top part of the joint, adding more of the soldering wire until the joint is completely covered with solder and the exposed wires are no longer visible. Wrap adhesive-lined heat shrink tubing around the newly soldered joint, heating it tubing with a heat gun until it covers the solder. Connect the ends of the extended wiring coming from the solar panels to a charge controller, which has screw-on connections for input wires. The charge controller prevents the deep-cycle batteries from becoming overloaded, thus reducing the maintenance and cost of your solar power system. The charge controller should also be stored adjacent to the batteries. Wire the deep-cycle batteries together so that they form a circuit by using either a parallel or series pattern. Use 8-gauge wire to connect the batteries. To connect the batteries into a series circuit, which doubles the voltage of the system, wire the negative terminal of one battery to the positive terminal of its adjacent battery. Continue this pattern until all terminals are connected. To connect the batteries into a parallel circuit (which doubles the amperage of the system) connect the positive terminal of one battery to the positive terminal of its adjacent battery. Do the same for the negative terminals on your deep-cycle batteries as well. Install the input wires from the AC inverter, which are equipped with screw-on joints to mate with the battery terminals. The inverter will change the Direct Current from the batteries to Alternating Current, which is a usable form of electricity that home appliances utilize. Connect the ends output cables of the charge controller to the deep-cycle battery circuit. The charge controller's output cables, black for negative and red for positive, also screw onto the battery terminals with a screwdriver. Other People Are Reading How to Get 48V out of a 12V Solar System How to Self-Install Solar Electric Plug your appliances into the outlets of your AC inverter and turn the inverter on. Tips & Warnings Currently, the 3-stage charge controller is the industry standard, however, using a Maximum Power Point Tracking controller will provide greater efficiency, especially if you are installing a larger system. Although a solar system is quite complicated to build, thinking of it in terms of "layers" may be helpful. The sun powers the solar cells, which are connected to a charge controller, which connect to the batteries, which connect to an inverter. Related Searches References Solar 4 Power: Solar Power Don Rowe: Power Inverter FAQ Green Living Tips: Solar Power Basics Photo Credit Solar Panel image by kuhar from Fotolia.com Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. Resources Aaron Cake: Soldering Electronics Solar 4 Power: Batteries Free Sunpower: FAQ You May Also Like How to Build Solar Panels for Electricity With energy rates on the rise, building your own solar panel is an economical, smart, and rewarding way to produce your own... How to Understand & Install Your Own Solar Electric System The most visible components of a photovoltaic (PV) energy-generation system are the solar panels. You usually don't see the devices that convert... How to Build Your Own Solar Energy You can harness the energy of the sun to use at home through solar panels. Commercially available solar panels are expensive, and... 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Solar Panels San Diego

Warner Springs Solar

So, what exactly is involved in calculating solar panels cost in Warner Springs? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

Solar System For Home

Warner Springs 3 Undervalued Solar Leaders

Hemera Technologies/AbleStock.com/Getty Images Solar panels can be installed on many roof types. The panels can be tilted up as well as flush-mounted. It is much easier to locate the rafters when the roof is off to install the mounts for the panels. The mounts need to be secured with stainless steel lag bolts bolted into the roof rafters. Shingle roofs are easy to work with because there are no special requirements needed. Tile roofs are difficult to install on and transporting solar panels across them can be challenging. Things You'll Need Solar panels Mounting kit Tar and heater Safety goggles Remove the tiles at intervals where the mount will be installed. Find the rafters with a stud finder, then use a laser sight or chalk line to for a straight-line mark where each mount will go. Use a drill to pre-drill with a pilot bit to steer clear of splitting the rafters. Install the mounts where the holes you made earlier with stainless steel lag bolts. Place metal flashing over the mounts and hot-mop (seal with tar and heat) around the mounts. Secure the metal rails to the mounting posts with 0.375 bolts. Cut a hole into the tile to fit snugly over the mounting bracket and seal with tar. Install the solar panels and attach them into an array. Install the conduit and run the wires to connect the panels to the inverter. Tips & Warnings Always wear safety goggles. Related Searches References Ameco Photo Credit Hemera Technologies/AbleStock.com/Getty Images Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. You May Also Like How to Install Tile Roofing Tile is one of the oldest types of finish covering used on pitched roofs. Tile roofing has grown increasingly popular because of... How to Install Solar Panels on My Roof Solar panels have become very popular these days. More and more people are switching to these environment-friendly ways of generating electricy. Mounting... Solar Water Heater

How to Add Solar Panels to a Flat Roof

Recent Macro News

Source: Wallstreetdaily, SCMP, CNN Money

The last 2 quarters have seen influential countries such as china, India and Saudi Arabia announce heavy commitments to investing in solar infrastructure. The news isn't particularly surprising if you are aware of the hazardous pollution levels in China and India. China, the most populated country in the world, claimed that it will spend over $361 billion on renewable energy development by 2020. According to China's National Development and Reform Commission (NDRC), 40% of that spending will go towards solar and that will result in more than 1000 major solar plants, boosting china's solar capacity by 5 times.

Khalid Al-Falih, the energy minister of Saudi Arabia, announced that the oil capital of the world plans to spend as much as $50 billion on renewable energy. The short-term goal is to generate 10 GW of electricity through solar and wind by 2023. Al-Falih remarks that the long-term goal is to have renewable energy account for 30% of the country's total energy consumption by 2030.

Forbes states that India has installed 5.4 GW in 2016, and the Ministry of New and Renewable Energy estimates 15 GW (estimates to around 22% of global demand in 2017) and 16 GW of solar installation for the next two years. The Indian Government aims to accumulate 100 GW of solar by 2022, a feat which will require around $90 billion in total.

The combined future solar spending by these three countries, as well as the rest of the world, is an enormous pie to split between the big players in industry. In this article, I will use fundamental data to compare First Solar (NASDAQ:FSLR), Canadian Solar (NASDAQ:CSIQ) and JinkoSolar (NYSE:JKS), 3 heavily undervalued solar leaders which are well positioned to meet increasing global demand. All financial figures are expressed in USD via Bloomberg.

Market Cap

Source: Bloomberg

First Solar's $3.94 billion market cap is by far the largest in this group. First Solar is the only company on this list headquartered in the US and has an American management team. Canadian Solar's $855 million market cap is the next highest. Canadian Solar is based in Guelph, Canada, but the management team and production is predominantly Chinese. JinkoSolar's $542 million market is the lowest of the bunch. The company is entirely Chinese from its headquarters to production.

Revenue & Gross Profit & Net income

Source: Bloomberg

Please note that analyst consensus Q4 revenue and net income are used to estimate full-year 2016 revenue for Canadian Solar and JinkoSolar. On a GAAP basis, First Solar reported $2.951 billion in revenue and $704 million in gross profit for 2016. Net income came out to be -$382 million due to a $729 million unusual expense which we believe to be asset write-offs. Canadian Solar is expected to earn $2.871 billion in revenue, $459 million in gross profit and $89 million in net income. JinkoSolar is projected to pull in $3.331 billion in revenue, $647 million gross profit and $125 million in net income. JinkoSolar leads the pack in revenue and net income due to the tremendous demand for solar in China, where JinkoSolar conducts a majority of its business. First Solar boasts the highest gross margin at 24% while Canadian Solar and JinkoSolar have gross margins of 16% and 19%, respectively.

Source: Bloomberg

Cash & Debt

Source: Bloomberg

Looking at the balance sheets of these 3 companies, it's clear why First Solar is trading at a higher earnings multiple compared to its peers. First Solar currently has more than 10x cash on hand than total debt and actually received $5 million in interest income in 2016. Canadian Solar has $481 million cash on hand and a heavy debt load of $2.344 billion. The company is paying an estimated $52 million in interest expense (first 3 quarters annualized). JinkoSolar has $2.663 billion in debt, the highest of the three and dwarfs First Solar's debt of $188 million. JinkoSolar is estimated to pay a substantial $95 million interest payment in 2016 (first 3 quarters annualized). Although Canadian Solar and JinkoSolar are carrying high levels of debt, one must note that Canadian Solar and JinkoSolar have historically financed their projects with debt rather than equity.

Current Price vs. Book Value

Source: Bloomberg

All three solar leaders are currently undervalued relative to their book value. First Solar, with over $2.4 billion in retained earnings, is trading 22% below book value. JinkoSolar has been GAAP profitable for the past 10 quarters and accumulated $339 million in retained earnings during the same period. JinkoSolar is currently trading 28% below book value. Canadian Solar at its current price of $15 is trading just $1 below its book value of $16, but the company has been steadily growing its retained earnings from $47 million in Q4 2014 to $294 million as of Q3 2016.

Analyst Targets

Source: 4-traders

First Solar, with 22 covering analysts, has 5 buy ratings, 4 sell ratings and 13 hold ratings. First Solar is currently trading right around the analyst target of $35.9. Canadian Solar, with 2 buy ratings, 2 sell ratings and 7 hold ratings, is trading slightly below its price target of $15.2. JinkoSolar, with only 7 covering analysts, has 3 buy ratings and 4 hold ratings. The analyst target of $23.2 represents a 36% upside from the stock's current price.

Personal Holding

Although we believe all three stocks have bright futures, we currently hold Canadian Solar only. Although Canadian Solar's P/E is not as low as JinkoSolar's and the company's book value is below both of its peers, we remain enticed by Canadian Solar's diverse project portfolio. Since its inception, 100% of JinkoSolar's revenue came from the People's Republic of China. In 2016, 83% of First Solar's revenue came from the US, 5.4% came from India and 11.7% from various other countries. For the 12 months ending 9/30/2016, Canadian Solar derived 41.7% of its revenue from Asia, 46.8% from America (a good portion of which is from Canada) and 11.5% from Europe + other foreign countries. We believe Canadian Solar's diversified global presence positions the company tremendously to meet the increasing global demand for solar. We will continue to buy on dips and may initiate a position in JinkoSolar in the near future.

Source: Bloomberg

Disclosure: I am/we are long CSIQ.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Warner Springs

How to Remove Solar Water Heater Panels From a Roof


Solar Panels San Diego

Vista Solar Power

So, what exactly is involved in calculating solar panels cost in Vista? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

Solar Energy For Home

Vista 3 Undervalued Solar Leaders

Many homeowners take great pride in caring for their lawns. Many people spend lots of time planting various types of colorful plants. Others spend a significant amount of money on decorations to dress up their lawns. If you enjoy decorating your lawn, whether for different seasons or just the holidays, you may become a target for thieves. Fortunately, there are steps you can take to protect your lawn decorations from theft. Promoted by Things You'll Need Rope Outdoor lights (electrical or solar) Home security signs Choose heavy items for lawn decorations. For example, stone statues, rocks and wrought iron furniture will make it difficult for thieves to make a quick getaway with these types of decorations. Use thick rope to tightly tie down any lightweight holiday decorations on display in your yard. This may deter or at least slow down any thieves who attempt to run away with your inflatable Santa Claus. Install outdoor lights around your house. Place lights around walkways and driveways. Install a motion detector that will turn the lights on if someone enters the yard. This will surprise intruders and may cause them to flee. Choose outdoor lighting that can also serve as accent lighting for decorative purposes. Place home security signs around the outside of your house. Position your security signs near your outdoor lighting. This combination will likely discourage thieves from choosing to steal ornaments from your property because of the fear of a more sophisticated security system around the corner. Place various types of prickly plants around your yard ornaments. Planting a cactus or sticker bushes around your decorations will provide a natural deterrent against thieves. Invest in electric fencing around your decorations. Electric fencing will give the thieves a nice little shock when they try to steal your property. Adopt a dog. Adopt a homeless dog form your local animal shelter. Protect your lawn decorations by training a great guard dog. Dogs not only make loving companions, they will protect their owners and home. Thieves will be less likely to approach a home that has a barking dog. Join or start a neighborhood watch group. Create a neighborhood watch team to serve as extra "eyes and ears" against thieves who might like to steal your yard ornaments. Make sure all members of your group are aware of any thefts in your neighborhood and what actions to take if they encounter a robbery in the future. Related Searches Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. You May Also Like Protecting Outdoor Plants from Frost Protecting tender plants from temperatures near or below freezing, 32 degrees Fahrenheit, extends production in vegetable gardens and may allow the plants... How to Build a Wood Shed for My Lawn Mower A shed is an important piece for any homeowner to store outside equipment and supplies. Many sheds can be bought premade, but... How to Secure Lawn Decorations From Being Stolen Lawn decorations can turn a ho-hum yard into an artistic wonderland, for the holidays or every day. But the decor is also... How to Make Wooden Outdoor Christmas Decorations If your annual holiday celebration begins when store shelves are stocked with new outdoor ornaments—because last year’s batch of pricey, flimsy imports... How do I Turn Outdoor Christmas Lights Into Solar? Using solar power to operate your outdoor Christmas lights is an environmentally friendly and money saving project. By converting your current Christmas... How to Make a Life-Size Santa Claus Doll Create a life-size Santa doll as a Christmas decoration for your front hall or as part of a more intricate Christmas display.... Solar Energy Cost

Plexiglas Vs. Tempered Glass Solar Panel

Science Fair Projects for Kids and High School Students

These 12 sites have hundreds of science fair projects, experiments, and advice to help you create the best science fair project you can. They suggest easy projects for kids and more challenging award-winning science fair projects for high school students. I've used many of them with my daughter and students.

Some of the sites provide ideas. Some give you step-by-step instructions for conducting experiments. Some provide kids advice on creating projects for science fairs. And some have forums where kids can get help when they're stuck. Many of these websites have videos to illustrate their experiments.

Note: Some of these sites have forums, which require registration with an email address. Children under age 13 need parent approval to register and submit questions to these forums.

#1 Science Buddies

Strength: Detailed science projects and advice for kids

I most often recommend Science Buddies to students and parents starting work on a science fair project. This is an award-winning site was created by the Kenneth Lafferty Hess Family Charitable Foundation, and has a wealth of resources.

First is the Project Ideas section where you can browse a list of projects by area of study. Or try the Topic Selection Wizard. You answer a series of questions about your science interests and grade level, then you get a list of projects best suited to your situation.

The projects are very detailed. Each includes the background, questions to consider, a list of required supplies and equipment, and step-by-step instructions for the experimental procedure.

The next helpful resource is an extensive Science Fair Project Guide. Here you'll learn more about how to use the scientific method to build your project, how to write your report, and how to display your work. There is also advice on safety procedures, selecting supplies, and techniques.

Finally, you can go to the Ask an Expert Forum if you need more assistance. Look to see if another student has asked a similar question that answers yours. If you've been unable to resolve your problem with the help of a teacher or parent, this group of volunteer scientists will do their best to help you.

The Science Buddies site is easy to navigate. And and the extent of their resources is incomparable.

#2 Cool Science Projects

Strength: Tips for creating award-winning science fair projects

The folks at Cool-Science-Projects.com will walk you through all the steps of creating a science project. You'll find advice and resources for simpler projects for a homework assignment, as well as advice on creating show-stopper competition projects.

There are lots of ideas here by grade level. A few of the ideas have step-by-step instructions for carrying them out. The site's biggest strength is the section it devotes to advice on creating a winning science fair project.

#3 Steve Spangler's Science Experiments

Strength: Entertaining videos of experiments to spark you own project ideas

Steve Spangler's Science Experiments is a particularly useful website for science teachers and homeschool parents. Steve is a teacher's teacher who is televised weekly in Denver and who has appeared on nationally televised shows, demonstrating experiments and explaining the science behind them. He also conducts teacher training seminars throughout the country.

On this site, you can access his collection of science experiments, recipes and projects. His library of projects is accompanied by videos of how to use materials and equipment to conduct experiments. He also has an online store of supplies and equipment.

Steve's delight in science experiments is entertaining, and he'll get you and your kids excited about their experiments too!

#4 Reeko's Mad Scientist Lab

Strength: Advice for creating a successful science fair project

Reeko is passionate about science. His passion is contagious at Reeko's Mad Scientist Lab. Reeko takes a humorous and engaging approach to getting kids interested in science.

Reeko's focus is science experiments. He does not provide guidance for school science projects. But his experiments are a breeding ground for science project ideas.

This award-winning site has games, puzzles and quizzes. And there is a new forum where you can ask a question if you're having problems with your experiment or science in general.

#5 DragonflyTV

Videos of experiments with accompanying variation ideas for home experiments

DragonflyTV delves into experiments conducted by kids. The folks at PBS Kids Go! offer up plenty of videos of kids conducting experiments.

Then they provide ideas of variations your children can pick from for their own experiments. Or kids can give the Super Science Spinner a whirl until they find an idea they like. DragonflyTV also offers their 12 steps to science fair success.

#6 The Science Club

Strength: Detailed instructions, videos and illustrations of projects

Science Fair Ideas Exchange provides dozens of ideas for projects and experiments. If you need more than written explanations and illustrations, look here. The site is hosted by Bill Beaty of The Science Club.

Many projects are accompanied by a video that shows the key steps in creating your experiment or device. Projects are categorized as simple, medium and advanced.

Some of the video-taped experiments are hazardous, and should be supervised by an adult or conducted only by science teachers.

The Make It Solar Science Fair Information provides detailed information on carrying out a project using the scientific method and steps illustrated here. For teachers who have a website, Make It Solar provides the code to put the illustration at the right into your site with a link to its science fair info.

You'll also find planning guides, research tips, illustrations of display layouts. The site's focus is solar energy, so they furnish details on how to create several solar energy science projects.

#8 MadSci Network

Strength: Answers to your science experiment and project questions

Created by MadSci Network & Third Sector New England, MadSci Network is a great place to get answers to your science questions. Their extensive questions and answers archive can help you as you build your project.

The MadSci Library provides links to other resources by topic area. Look for answers to common science fair questions at the MadSci FAQ page.

If you can't find an answer in their archives of past questions, submit your own question.

#9 ZOOMsci

Strength: Kids' comments on how the experiments worked for them

ZOOMsci from by PBS Kids & WGBH has dozens of science activities for children in grades K-8. The emphasis is on having fun with science experiments, as opposed to a rigorous scientific method.

Pick an activity, carry it out, then record your observations and comments on the ZOOMsci site. Personally identifiable information is not collected here.

#10 Scientific Methods at pppst.com

Strength: Lessons to help kids learn the scientific method

Teachers and homeschool parents can make use of the resources for elementary and middle school students at Scientific Methods at pppst.com. There are presentations to use when teaching the scientific method, as well as printable materials.

For kids, there are links numerous resources to help them learn and remember the steps contained in the scientific method.

One of Mr. Donn's greatest strengths is that his material is readable at the upper elementary age level. So adults don't have to do a lot of interpretation.

#11 Hands-on Activities

Strength: Detailed instructions for experiments

At Exploratorium's Hands-on Activities page, you'll find lots of ideas for experiments and science projects. Activities are grouped by topic such as food, living things, or sports science.

Each activity provides a list of needed materials and step-by-step instructions. Illustrations and photos accompany the instructions. A few even have videos.

Note that some of the activities are not true "activities" but rather information on how something, like cycling, works.

If you are making a model of the solar system to scale, you have to take a look at the Build a Solar System activity. There is a scale calculator that uses the diameter of the sun you plan to create to calculate the dimensions for all of the planets and orbit radius of each planet.

#12 Step-by-Step Science Fair Success

Strength: Advice for teachers and schools on organizing a successful science fair

Step-by-Step Science Fair Success is a guide for teachers and schools to use in planning a science fair. Lily Ning, a middle school teacher, discusses:

  • Preplanning, sending out letters, and rules for group projects
  • Creating guidelines, submission categories, and scientific methodology to be used
  • Student tasks in proposing, planning, carrying out, and displaying project results
  • Assessment using a rubric and grading sheets for the notebook, paper, and display
  • Judging rubric

Directory of Science Project Websites

from LearningReviews.com

There are more than 30 science fair project and experiment websites listed in LearningReviews Directory of Science Project Websites. Some of the sites have simple experiments for kids to carry out at home. Others have more sophisticated projects for high school students and science fairs. Kids, parents and teachers write reviews about the sites they like best.

Other Science categories on the site help you to learn more about chemistry, astronomy, biology, etc., as you prepare for your science project.

Get Ready for Your Science Fair with Janice VanCleave

Janice VanCleave is a teacher, scientist and author of award-winning science books for kids. This virtual field trip is hosted on Meet Me at the Corner.org, where you can find more science fair project ideas.

Vista

How to Build a Solar Energy System


Solar Panels San Diego

Valley Center Solar Reviews

So, what exactly is involved in calculating solar panels cost in Valley Center? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

Solar Panels For Your Home

Valley Center 3 Undervalued Solar Leaders

SolarCity Stock Should Continue to Rise As Solar Becomes More Affordable

Energy is one of the world's largest sectors in the market; therefore energy stocks comprise a large amount of the portfolios of institutional and individual investors. Oil, of course, is the largest in the energy sector at roughly 36%, followed by natural gas at 24%. Interestingly one of the most talked about sources of energy, solar energy, still only comprises one quarter of one percent of today's energy supply. However those numbers should shift upward over the next decade as witnessed by last year's 86% growth in the solar industry. In the U.S, solar energy consumption grew by nearly 34% reaching 0.212 quadrillion Btu. Bloomberg New Energy Finance predicts that solar will gain 24%, second largest share of new power capacity behind wind power, added in terms of GW by 2030.

Though the "green" movement does play a role to some extent, what may actually be driving the shift toward solar energy in residential and commercial buildings may be simple economics. People want to use cleaner energy to run their houses or businesses, but most are not willing to spend the extra money, or simply do not have the financial means to pay the extra costs to convert to solar. In 2005, solar panels typically cost $3.50 per watt of power, however, by 2012 prices had tumbled to 75 cents a watt, and some experts predict the prices will continue to fall, making it more cost effective for the consumer to have installed on their home or business.

But buying and installing solar panels is still costly, and could take upwards of twenty, for solar to pay for it. That's why the biggest shift in solar has come from companies leasing the panels to the customer and selling them the electricity at a reduced price compared to what the utility companies charge. It appears to be a win - win situation; as the industry has appeared to overcome a major obstacle eliminating the large upfront costs, and the solar company that leased and installed the panels makes money selling back the energy to the customer. For that reason, I believe the money to be made by the investors might be better placed in companies that buy the panels and install them, then have the customers lease them, thus making it affordable to the consumer.

That is what SolarCity (SCTY), a San Mateo CA company does. SolarCity designs, installs and sells or leases solar energy systems to residential and commercial customers, then sells the electricity generated by the solar energy systems back to customer at 10% to 20% less than the utility companies. And its business model appears to have attracted plenty of investors, as witnessed by the stocks run-up of over 250% since its December 2012 public offering.

In June, SolarCity announced the launch of a Zero-Down solar financing program for the home building industry, giving builders the opportunity to offer solar in new residential communities without the builder or the new homeowner incurring any upfront costs. In the first five months of 2013, the total kilowatts [KW] of SolarCity's installations for new home builder construction grew by more than 300% compared to the same period the previous year. Through its Homebuilder Partner Program, SolarCity has formed partnerships with over 30 national and regional home builders in 125 communities across the U.S.

According to Walter Cuculic, SolarCity's national manager of Builder Programs:

Home builders today are investing heavily in adopting green construction practices and solar is a linchpin in the success of a modern, energy efficient home. SolarCity's full-service offering and our new Zero-Down financing option helps home builders meet their aggressive construction timelines and stay within their budgets, and solar will save money for the homebuyer on their energy bills for years to come.

The company's initiative, where it plans to build more than $1 billion in solar projects to provide power to up to 120,000 military homes in the United States, continues to show success. On July 23rd SolarCity announced plans to add 12.8 megawatts of new solar generation capacity for up to 7,500 military homes at Lend Lease-managed Island Palm Communities throughout the island of Oahu. SolarStrong projects are already underway at nine other military bases throughout the U.S.

SolarCity was chosen by Wal-Mart Stores, Inc. (NYSE:WMT) to install solar panels in 60 stores in California. SolarCity will own and maintain the solar power systems, and has added more than 500 new full-time employees since it initiated its first Wal-Mart solar project, and expects to hire hundreds more employees before year's end. Wal-Mart's solar power initiative will total more than 130 stores by the close of 2013.

Mack Wyckoff, senior manager of renewable energy at Wal-Mart, commented on the solar project:

Our solar efforts in California have proven to be a great way for Wal-Mart to build our renewable energy program. We are confident that we will continue to grow our solar energy program in the U.S. and around the world because of the initial success we have had in California.

While the business model and growth all sound positive, and SolarCity, which has a $3.12 billion market capitalization, has seen its customer base rise 106% year-over-year to over 57,400 and though the company increased its long-term contracted cash flow to $1.22 billion, it has yet to turn a profit. The reason is that though leasing the solar panels has shown to be the most successful method to attract clients, the long term leasing model requires upfront costs for the panels and the instillation, thus the company does not see any profits until the customer base expands enough to produce offsetting lease income. However, with panel prices continuing to drop, the company's upfront costs will drop as well. According to Kevin Landis, manager of the Firsthand Alternative Energy fund, in reference to SolarCity's business model:

When the price of panels goes down, their business gets better. The sweet spot is buying the panels and owning the output.

SolarCity stock closed on Wed. July 31 at $41.35 per share. For the first quarter of 2013, core operating lease revenue rose 85% to $15.1 million compared to $8.1 million in the first quarter of 2012. Total revenue grew 21% year-over-year to $30.0 million. Gross Profit rose 25% to $12.7 million, up from $10.1 million in the first quarter of 2012. Total operating expenses, however, rose $34.5 million in the first quarter compared to $24.7 million in the first quarter of 2012, due in part to the continued investments in development capabilities. For the second quarter 2013, SolarCity expects operating lease revenue to come in be between $16 million - $18 million, with solar energy systems sale revenue between $5 million - $10 million, and an operating expenses to be between $38 million - $42 million.

SolarCity does have its competitors like the larger SunPower (NASDAQ:SPWR), a high quality solar panel producer based in San Jose, CA, that designs, manufactures and delivers solar panels and systems to residential, business, government and utility customers. SunPower has also built its leasing business to be the largest U.S. both residential and commercial, and globally the company has installed over 100,000 residential systems. Shares of SunPower have had an amazing run year to date, up 391%. After hours on July 31st, the company reported net income for the second quarter of $19.6 million or $0.15 per share, compared to a net loss of $84.2 million or $$0.71 per share for the same quarter last year. SunPower forecasts for the third quarter adjusted revenue of $550 million to $600 million and adjusted earnings of $0.15 to $0.35 per share. For fiscal 2013 the company expects adjusted revenue of $2.5 billion to $2.6 billion and raised its adjusted earnings from $0.60 to $0.80 per share to $1.00 to $1.30 per share. On August 1st, shares of SunPower dropped 10% on high volume to $25.20 in mid-day trading.

Conclusion

Solar power in residential and commercial is clearly on the rise with plenty of room to grow. Interestingly, what might accelerate the growth is that instructional investors have not gobbled up solar company shares; roughly 20% of SunPower shares are held by institutional investors, and only 17% of SolarCity is owned by institutional investors.

While I think both SolarCity and SunPower have the potential to continue to see their stocks rise significantly in the next few years, what I like about SolarCity is that it does not manufacture the solar panels, so it does not have to compete with the Chinese manufacturers. SolarCity focuses primarily on the design, installation, the finance and the management of the system. Though with the high run up on both companies, I would like to see the stocks dip on some profit taking for a better entry price.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Solar Panel System Cost

SunPower: A Super Solar Stock With Amazing Upside Potential - SunPower Corporation (NASDAQ:SPWR)

A home with solar panels installed on its roof that supply power to the water heater will be more energy efficient than a standard home. Solar panels can save you 50 to 75 percent on your monthly electric bill. Over time, you may need to remove and replace solar panels from the roof of your home. Also, you might choose to remove the panels completely. The removal process is relatively straightforward, but certain steps must be followed. Things You'll Need Toolbox Replacement panels Ladder Gloves Place a ladder against the side of your house in order to gain access to the roof. Put on a pair of sturdy gloves before touching or handling any of the solar panels. Some solar panels have contents that are not safe for long-term exposure, so use caution during the removal process. Determine which panels are damaged or not working. Solar panels have a life expectancy of 25 years, so check with the company that manufactured the panels to determine if they are under warranty. Purchase replacement panels, if necessary. Turn off the pump that is connected to the solar water heater panels. Allow time for the pipes to drain adequately before removing any panels. Deactivate the pump so that it does not dry out and become damaged while the solar panels are being removed or replaced. Determine what tools will be necessary in order to remove some or all of the solar panels. A variety of mounting equipment could have been used, including screws, brackets or wing nuts. Save the mounting equipment if new panels are going to be installed. Disconnect the pipes at either end of the solar panel. Drain any excess water out of the pipes and panel before removing the panel from the roof. Continue the removal process until all of the panels are removed or the damaged ones are replaced. Connect any new panels and turn the water pump back on. The new panels will not work to full capacity for 24 hours. Check with your local environmental agency or the EPA to determine how to dispose of the solar panels correctly. Related Searches References Energy Savers: Solar Panel Maintenance and Repair Earth 911: Solar Panel Disposal Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. You May Also Like Life Expectancy of Solar Panels With care and cleaning, solar panels can last up to 40 years. Certain issues can make them fail, but in general a... How to Clean Mold Off a Roof Mold or mildew makes black ugly streaks on a roof. Not only is it unattractive, it can actually shorten the life of... How to Maintain a Solar Panel Whether a solar panel system is designed to generate heat for our homes or produce electricity, a properly functioning solar panel is... How to Add Solar Panels to a Flat Roof With growing concerns over the environmental effects of burning fossil fuels and rising energy prices, many people are looking to renewable energy... How to Install Solar Panels on a Tile Roof Solar panels can be installed on many roof types. The panels can be tilted up as well as flush-mounted. It is much... How to Build Solar Hot Water Panels If you have a few carpentry tools, you can build a solar hot water heater with materials you probably already have around... How to Convert an Old Water Heater to a Solar Water Heater Billions of photons stream from the Sun to the Earth. When photons strike the Earth's surface atoms begin moving faster. The increased...

Valley Center

How to Add Solar Panels to a Flat Roof


Solar Panels San Diego

Valle De Los Caballos Solar Energy

So, what exactly is involved in calculating solar panels cost in Valle De Los Caballos? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

Cost To Install Solar Panels

Valle De Los Caballos 3 Undervalued Solar Leaders

Voyagerix/iStock/Getty Images If the power goes out at your home for a significant period of time, or if you have a home that is beyond the reach of the power lines, heating and lighting your home without electricity may be a bit more difficult, but it can be done using alternative energy sources. For heating and temporary lighting, appliances that burn kerosene, propane, wood or other fuels are a viable option, but for long-term lighting, battery or solar-based technologies may be safer. Wood A fireplace or a wood stove is a reliable way to provide both heat and a small amount of light for your home, as long as you have a steady supply of wood available. Harvesting, cutting, splitting, transporting and storing enough wood for a season can be a lot of work, and it may not always be possible, such as for those who live in cities. Many wood stoves can also be used for cooking and heating water, and newer models are both much safer for your health and much more efficient. Kerosene Kerosene heaters are a popular way of heating homes in many areas, especially for emergency or supplemental heating purposes. While kerosene burns relatively cleanly, it still has the potential to produce carbon monoxide, so proper ventilation and a working carbon monoxide detector are recommended. Local building codes may forbid or regulate the use of kerosene heaters, so check with your city building and permit department before buying one. Kerosene is also commonly used as a fuel in oil lamps for lighting. Propane/Natural Gas Many propane or gas-fired forced-air furnaces will not run without electricity, even models that use pilot lights, as they require the blower fan to distribute the heat. Some steam or hot water boilers will run without electricity, but in many cases, you will need to rely on alternative heating sources. Wall-mounted space heaters are available in versions that burn either natural gas or propane. Most models do not require electricity to operate, though some may have optional fans for distributing the heated air that require electricity. Externally vented wall heaters are the best choice, because they allow the combustion gases to exit the home through the flue or vent. Models without external vents, also called ventless heaters, are available, as well, but you must ventilate the room properly to avoid excessive carbon monoxide buildup. Check your local building codes before installing either type of heater. Solar Photovoltaic panels, also called solar panels, can be used to generate your own electricity during the daytime and, by storing it with deep-cycle batteries, that power can be used for lighting purposes at night. Automotive-style 12-volt light fixtures can be connected directly to the battery bank, or regular 120-volt household lighting could be used through an inverter, which converts the 12-volt DC current from the battery into the 120-volt AC current a typical house uses. Solar energy can also be used to provide supplemental heating for your home. Simply opening the curtains covering south-facing windows during the day can allow heat from the sun to warm your home, but you can also build or buy passive solar heaters to increase the heat output. Materials like stone and concrete used indoors can regulate your home's temperature. Because such materials are so dense, they take time to adjust to temperature changes. During the day they absorb heat from the sun, then slowly release it at night. Other Candles and lamps fueled by lamp oil can be used for lighting, as well as rechargeable solar lights or lights powered by disposable batteries. Both lamp oil and batteries may get expensive in long-term situations, however. For temporary situations, portable generators can be used for lighting and for powering the central heating system in some cases. Related Searches References EPA: Does Your Wood Stove Have A Dirty Little Secret? Web MD: Carbon Monoxide Poisoning - Topic Overview CSPC: CSPC Stresses Kerosene Heater Safety Fairfax County, Virginia: Ventless Fireplace Saftey Department of Energy: Planning for Home Renewable Energy Systems Home Power Magazine: Solar Electricity Basics Department of Energy: Passive Solar Home Design Photo Credit Voyagerix/iStock/Getty Images Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. You May Also Like How to Heat Your House Without a Furnace With heating bills rising all the time, it’s no surprise that people cannot longer afford to keep their furnace on like they... How to Live Without Electricity When most people enter a dark room, they reach for the light switch automatically. It's second nature. A 1-year-old can figure out... How to Heat a Greenhouse During the Winter With Water You can heat your greenhouse at night without using electricity. Lining one wall with blackened, water-filled jugs or barrels will keep your... How to Light a Gas Fireplace Without Electricity One advantage to having a gas fireplace is the ability to manage the unit in the event of a power failure. Electricity... Lighting Methods Without Electricity Lighting methods that don't require electricity are invaluable whether you're planning to live off the grid, preparing for a power outage, reducing... How to Light Your Range Without Electricity If the power goes out, an oven cannot be used, but the surface burners can still be used. Find out how to... How Do I Set Up a Generator? Average Cost Of Solar Panels

How to Add Solar Panels to a Flat Roof

Science Fair Projects for Kids and High School Students

These 12 sites have hundreds of science fair projects, experiments, and advice to help you create the best science fair project you can. They suggest easy projects for kids and more challenging award-winning science fair projects for high school students. I've used many of them with my daughter and students.

Some of the sites provide ideas. Some give you step-by-step instructions for conducting experiments. Some provide kids advice on creating projects for science fairs. And some have forums where kids can get help when they're stuck. Many of these websites have videos to illustrate their experiments.

Note: Some of these sites have forums, which require registration with an email address. Children under age 13 need parent approval to register and submit questions to these forums.

#1 Science Buddies

Strength: Detailed science projects and advice for kids

I most often recommend Science Buddies to students and parents starting work on a science fair project. This is an award-winning site was created by the Kenneth Lafferty Hess Family Charitable Foundation, and has a wealth of resources.

First is the Project Ideas section where you can browse a list of projects by area of study. Or try the Topic Selection Wizard. You answer a series of questions about your science interests and grade level, then you get a list of projects best suited to your situation.

The projects are very detailed. Each includes the background, questions to consider, a list of required supplies and equipment, and step-by-step instructions for the experimental procedure.

The next helpful resource is an extensive Science Fair Project Guide. Here you'll learn more about how to use the scientific method to build your project, how to write your report, and how to display your work. There is also advice on safety procedures, selecting supplies, and techniques.

Finally, you can go to the Ask an Expert Forum if you need more assistance. Look to see if another student has asked a similar question that answers yours. If you've been unable to resolve your problem with the help of a teacher or parent, this group of volunteer scientists will do their best to help you.

The Science Buddies site is easy to navigate. And and the extent of their resources is incomparable.

#2 Cool Science Projects

Strength: Tips for creating award-winning science fair projects

The folks at Cool-Science-Projects.com will walk you through all the steps of creating a science project. You'll find advice and resources for simpler projects for a homework assignment, as well as advice on creating show-stopper competition projects.

There are lots of ideas here by grade level. A few of the ideas have step-by-step instructions for carrying them out. The site's biggest strength is the section it devotes to advice on creating a winning science fair project.

#3 Steve Spangler's Science Experiments

Strength: Entertaining videos of experiments to spark you own project ideas

Steve Spangler's Science Experiments is a particularly useful website for science teachers and homeschool parents. Steve is a teacher's teacher who is televised weekly in Denver and who has appeared on nationally televised shows, demonstrating experiments and explaining the science behind them. He also conducts teacher training seminars throughout the country.

On this site, you can access his collection of science experiments, recipes and projects. His library of projects is accompanied by videos of how to use materials and equipment to conduct experiments. He also has an online store of supplies and equipment.

Steve's delight in science experiments is entertaining, and he'll get you and your kids excited about their experiments too!

#4 Reeko's Mad Scientist Lab

Strength: Advice for creating a successful science fair project

Reeko is passionate about science. His passion is contagious at Reeko's Mad Scientist Lab. Reeko takes a humorous and engaging approach to getting kids interested in science.

Reeko's focus is science experiments. He does not provide guidance for school science projects. But his experiments are a breeding ground for science project ideas.

This award-winning site has games, puzzles and quizzes. And there is a new forum where you can ask a question if you're having problems with your experiment or science in general.

#5 DragonflyTV

Videos of experiments with accompanying variation ideas for home experiments

DragonflyTV delves into experiments conducted by kids. The folks at PBS Kids Go! offer up plenty of videos of kids conducting experiments.

Then they provide ideas of variations your children can pick from for their own experiments. Or kids can give the Super Science Spinner a whirl until they find an idea they like. DragonflyTV also offers their 12 steps to science fair success.

#6 The Science Club

Strength: Detailed instructions, videos and illustrations of projects

Science Fair Ideas Exchange provides dozens of ideas for projects and experiments. If you need more than written explanations and illustrations, look here. The site is hosted by Bill Beaty of The Science Club.

Many projects are accompanied by a video that shows the key steps in creating your experiment or device. Projects are categorized as simple, medium and advanced.

Some of the video-taped experiments are hazardous, and should be supervised by an adult or conducted only by science teachers.

The Make It Solar Science Fair Information provides detailed information on carrying out a project using the scientific method and steps illustrated here. For teachers who have a website, Make It Solar provides the code to put the illustration at the right into your site with a link to its science fair info.

You'll also find planning guides, research tips, illustrations of display layouts. The site's focus is solar energy, so they furnish details on how to create several solar energy science projects.

#8 MadSci Network

Strength: Answers to your science experiment and project questions

Created by MadSci Network & Third Sector New England, MadSci Network is a great place to get answers to your science questions. Their extensive questions and answers archive can help you as you build your project.

The MadSci Library provides links to other resources by topic area. Look for answers to common science fair questions at the MadSci FAQ page.

If you can't find an answer in their archives of past questions, submit your own question.

#9 ZOOMsci

Strength: Kids' comments on how the experiments worked for them

ZOOMsci from by PBS Kids & WGBH has dozens of science activities for children in grades K-8. The emphasis is on having fun with science experiments, as opposed to a rigorous scientific method.

Pick an activity, carry it out, then record your observations and comments on the ZOOMsci site. Personally identifiable information is not collected here.

#10 Scientific Methods at pppst.com

Strength: Lessons to help kids learn the scientific method

Teachers and homeschool parents can make use of the resources for elementary and middle school students at Scientific Methods at pppst.com. There are presentations to use when teaching the scientific method, as well as printable materials.

For kids, there are links numerous resources to help them learn and remember the steps contained in the scientific method.

One of Mr. Donn's greatest strengths is that his material is readable at the upper elementary age level. So adults don't have to do a lot of interpretation.

#11 Hands-on Activities

Strength: Detailed instructions for experiments

At Exploratorium's Hands-on Activities page, you'll find lots of ideas for experiments and science projects. Activities are grouped by topic such as food, living things, or sports science.

Each activity provides a list of needed materials and step-by-step instructions. Illustrations and photos accompany the instructions. A few even have videos.

Note that some of the activities are not true "activities" but rather information on how something, like cycling, works.

If you are making a model of the solar system to scale, you have to take a look at the Build a Solar System activity. There is a scale calculator that uses the diameter of the sun you plan to create to calculate the dimensions for all of the planets and orbit radius of each planet.

#12 Step-by-Step Science Fair Success

Strength: Advice for teachers and schools on organizing a successful science fair

Step-by-Step Science Fair Success is a guide for teachers and schools to use in planning a science fair. Lily Ning, a middle school teacher, discusses:

  • Preplanning, sending out letters, and rules for group projects
  • Creating guidelines, submission categories, and scientific methodology to be used
  • Student tasks in proposing, planning, carrying out, and displaying project results
  • Assessment using a rubric and grading sheets for the notebook, paper, and display
  • Judging rubric

Directory of Science Project Websites

from LearningReviews.com

There are more than 30 science fair project and experiment websites listed in LearningReviews Directory of Science Project Websites. Some of the sites have simple experiments for kids to carry out at home. Others have more sophisticated projects for high school students and science fairs. Kids, parents and teachers write reviews about the sites they like best.

Other Science categories on the site help you to learn more about chemistry, astronomy, biology, etc., as you prepare for your science project.

Get Ready for Your Science Fair with Janice VanCleave

Janice VanCleave is a teacher, scientist and author of award-winning science books for kids. This virtual field trip is hosted on Meet Me at the Corner.org, where you can find more science fair project ideas.

Valle De Los Caballos

How to Install Solar Panels on a Tile Roof


Solar Panels San Diego

University Heights Solar Power Companies

So, what exactly is involved in calculating solar panels cost in University Heights? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

Home Solar Panels Cost

University Heights 3 Undervalued Solar Leaders

Solar panels are a source of alternative energy and can be constructed at home and mounted on the roof of a house. Depending on the amount of panels that are used, a significant amount of money can be saved on energy bills by using solar energy. When constructing solar panels, the two main choices for the body of the panel are Plexiglas or tempered glass -- it is important to know the specifications of both types of glass to meet the needs of your solar panels. Advantages of Plexiglas Panels Plexiglas panels are made of acrylic material, which means that they can be cut easily with a band saw. Plexiglas allows about 90 percent of light rays to pass through it to the solar cells. Despite allowing this much light through to the solar cells, Plexiglas protects the solar cells very well from wear, ensuring that they last as long as possible. Advantages of Tempered Glass Panels Tempered glass panels are more durable than Plexiglas -- this is important to consider in residential neighborhoods, as a stray ball can hit a solar panel. A crack in a tempered glass panel will not impede the solar cells from working properly. Tempered glass is also easy to cut -- this makes it easier to fit on panels of all shapes. Disadvantages of Plexiglas Panels Plexiglas has a softer outer surface than tempered glass and can crack or scratch easily, leading to solar cells being blocked from receiving solar rays. Plexiglas does not bend easily, which requires that it be supported on the solar panel -- failure to provide proper support can result in the Plexiglas panel cracking. Disadvantages of Tempered Glass Panels The cost of tempered glass is typically higher than that of Plexiglas (tempered glass can cost up to $150 per sheet as of 2011) and does not allow as much light to penetrate to the solar panels, reducing the efficiency of the cells. Although tempered glass sheets are durable, there exists the risk that they may shatter, which could block the solar cells from receiving light. A sheet of shattered tempered glass will also allow moisture into the panel, which will eventually ruin the solar cells. Related Searches References RPlastics: Plexiglas Primer Energy Matters: Solar Panel -- Plate vs. Tempered Glass Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. You May Also Like Glass Vs. Plexiglass In general, glass is cheaper to purchase than plexiglass, is more scratch resistant and more easily recycled. Plexiglass, on the other hand,... Acrylic Vs. Plexi Glass Acrylic and Plexiglass are often used interchangeably in product literature concerning sheet plastic. While Plexiglass is made from acrylic, there are subtle... Types of Glass Solar Panels Solar panels come in many forms and are made from multiple components. The glass components of solar collectors vary in form and... How Much Does It Cost To Install A Solar Panel

Ways to Save Mother Earth

Caption: Kokam 24-megawatt Energy Storage System (NYSE:ESS), used by South Korea's largest utility, Korea Electric Power Corporation (KEPCO): world's largest Lithium NMC ESS for frequency regulation

Sometimes technology creeps up on you before you realize what is happening. Then something happens to get your attention and you realize that things are changing fast. And so it is with batteries, the missing link in replacing fossil fuels with renewable energy.

Here I cover two areas of battery technology that are transforming power management at scale. The first comes out of left field as a solution to frequency regulation in power plants. The second relates to management of excess energy generated by solar and wind, followed by dispatch of that energy when needed. At its most extreme this role may involve near complete charge and discharge once, or even twice, in a single day, every day.

Grid reliability, increased efficiency and frequency regulation

Late last month Kokam (XKRX:040480) a veteran Lithium ion South Korean battery manufacturer, announced the deployment of 3 high performance Lithium ion battery systems to provide 56MW of specialized batteries for frequency regulation in large power plants in South Korea. The batteries are: two Kokam Lithium Nickel Manganese Cobalt (NMC) battery systems with capacities of 24 MW/9 MWh and 16MW/6MWh, and a 16MW/5MWh Lithium Titanate Oxide (LTO) battery system. The LTO system was implemented first. While LTO technology is robust, with less dependence on temperature control, it is more expensive than NMC batteries and the specifications from the utilities often require temperature control (hence housing in containers which are cooled or heated). I suspect that NMC will become the preferred technology for frequency regulation.

The 24MW NMC battery system is the largest used in the world for frequency regulation. These batteries provide the Korea Electric Power Corporation (KEPCO) (NYSE:KEP) with ~10% of the frequency regulation needed to allow its entire system to run largely with batteries. KEPCO plans to install ~500MW of rapid response batteries by 2017 to effectively wean South Korea off the need for fossil fuel to provide this reserve power need for frequency regulation. Several battery manufacturers are involved in this project (Kokam, LG Chem (OTC:LGCLF), Samsung (OTC:SSNLF). It isn't clear how much KEPCO has already installed but it may be as much as 230MW of batteries for frequency regulation.

South Korea is special in that it has a single power authority, KEPCO, which is largely responsible for managing the nation's power capacity. So it is possible for one organization to setup a national program to manage 65 GW of power capacity. This capacity is mostly coal powered (~47GW) but with substantial nuclear and hydro capacity (~18GW). There is a very small contribution of wind and solar renewable energy in South Korea.

Currently ~5% of the coal needed to run a coal fired plant is dedicated to frequency regulation, so having batteries take over this role is a substantial saving in coal used. More importantly the South Korean plans (within 2 years!) indicate one of the first examples of batteries assuming a central role in an aspect of power generation that has been seen as a fossil fuel role.

Clearly Kokam doesn't see South Korea as the only market for this role and they have pilot facilities (2-5MW) being reviewed in both Germany and the US. Kokam has the capacity to deliver 100's of MW of the NMC frequency regulation batteries at short notice.

There is a lot of interest in fast response Lithium batteries and a substantial system (2MW) was recently announced in the UK using Toshiba (OTCPK:TOSYY) Lithium Titanate batteries in association with energy company E.ON (OTCPK:E.ON) and it's wholly owned subsidiary Uniper at the Willenhall substation. E.ON also has a 10MW/2.5MWh battery system under development with Tucson Electric Power in Arizona. E.ON is shortlisted for a 250MW tender for frequency response storage in the UK and Kokam is involved in tendering, so Korea's implementation is being watched in Europe too.

Interestingly lithium technology is being used to replace lead acid batteries by Duke Energy (NYSE:DUK) in a 35MW facility. There are also major frequency regulation projects in Canada (e.g. 12MW system in Ontario's Independent Electrical System Operator).

These Lithium NMC and LTO batteries are also useful for peak load management improving power quality and reliability in solar and wind applications, and also for spinning reserve applications.

Energy management for renewable energy

This is a big one, as you need a way to store and then access the intermittent power from solar PV and wind. Unlike the frequency regulation application described above, which needs fast, but short term response and high power delivery, energy arbitrage for solar and wind smoothing requires slower and longer term charge/discharge (up to over a number of hours).

A frequency regulation application has a high life cycle (10,000, compared with 4000-8000 with arbitrage), high power (i.e higher than arbitrage), but lower energy density than arbitrage. Because frequency regulation is a special rapid application it is more costly than an arbitrage battery.

The actual needs for energy management at scale are more varied than frequency regulation and so the actual configurations for batteries for this purpose are still evolving. It might be that the critical requirement is ramp rate control, or charge/discharge over hours may be more critical. Battery manufacturers are focusing in on their preferred configurations. For example Kokam has a High Energy NMC battery for energy management at scale.

For the technically minded here are a couple of links to give a sense of the kinds of lithium battery technology and how the different formulations behave. A good summary is here, and for those who want a deeper dive into lithium battery chemistry, here is a pretty up to date article.

Energy management applications for renewable power generation

Pumped hydro

Pumped hydro has a significant role in energy storage and this is well established with 140GW of pumped hydro already implemented. This large scale storage allows long term (even seasonal) energy storage.

There are surely many old mines, with tailing dams at the top and down below an open cut mine, that can be flooded. GW levels of power can be addressed in such schemes, but the capital costs are not small and they attract controversy because of their size. Two pumped hydro projects in California, Eagle Mountain and Iowa Hill, have been on this path for a long time, but capital and approvals are elusive.

Lithium batteries

This is happening at several levels. The easy one involves home solar PV systems linking with a home battery. Because it is a small cost (relatively) and the market is big (1.5 million homes in Australia have solar PV), just about all of the battery providers are interested. Here numbers matter as many small systems add up to a lot of power managed and it is managed locally (at the individual house level).

The harder thing is larger scale energy management, and detractors of Lithium batteries point to frequency regulation to indicate why Lithium batteries are inappropriate for energy arbitrage. However, Lithium battery chemistry configured for frequency regulation is not the only chemistry or configuration for lithium batteries, as Tesla is doing fine with its electric cars that have a range of several hundred miles and hence can discharge over many hours.

It seems that a 40ft container housing a 2-2.5MWh system is the scale for a number of utility energy management systems, but systems as large as 100MWh give a sense of the scale being implemented. Obviously a 100MWh plant would involve 40 x 2.5MWh 40ft containers.

Utilities adopting lithium battery energy management applications

There are now many multiple MW systems being installed for this kind of application. Kokam gives details of 12 of its systems installed in the US, South Korea and Australia that have more than 1MW power capacity. In 2015 Kokam alone installed 85MW of battery storage systems and 75MW of that capacity was larger than 1MW.

Substantial lithium batteries are also being adopted (along with solar PV) in remote and mining communities to partially substitute for diesel-powered systems. For example a remote indigenous community in Northern Australia is installing a 2MWh lithium battery storage system to store solar PV and take over grid forming functions from a diesel system. This will allow switchoff of the diesel system during the day as well as storing solar PV produced power.

Lithium batteries as part of a renewable energy project

Clearly renewable energy projects are considering including arbitrage, as there are various management functions that batteries do well, and holding the power generated to be delivered at a time when the value of the energy is greater may make sense. An early example of this kind of arbitrage involves Statoil (NYSE:STO) which recently announced a pilot 1MWh Lithium battery (technology not given) storage system to complement its Hywind Scottish floating 30MW wind farm.

Image : Statoil Hywind turbine

However, there are other battery technologies for deep charge/discharge on a daily basis. While at an earlier stage of development, flow batteries seem well suited to this task. It is a race to see if flow batteries will get a place at the table or whether lithium batteries now have sufficient momentum to dominate the battery arbitrage space.

Update on flow batteries

Six months ago I wrote an article on three flow battery companies (Redflow (ASX:RFX), Imergy Power Systems and ViZn Energy which had partnered with substantial manufacturing companies (Flextronics (NASDAQ:FLEX), Foxconn (OTC:FXCOF) (TWSE:2354) and JBL Circuit (NYSE:JBL) respectively for manufacture of their flow batteries.

While it is too soon to see a lot of progress, there have been developments in each of the partnerships.

Redflow/Flextronics ZnBr flow batteries :

The last 6 months have seen substantial progress with Flextronics now assuming 100% of manufacturing from Redflow. Flextronics now controls all aspects of manufacturing of the RedFlow batteries, with production ramp up in April 2016.

In 2015 in partnership with FLEX, manufacturing costs have been decreased by 15%, the lifecycle/longevity has been improved and cycle cost/kWh over battery lifetime decreased by 50%. Redflow will soon deliver an on-grid demonstration 0.1MW/0.48MWh flow battery system to Ergon Energy.

In addition to exploring remote markets around the world, Redflow is entering the Australian home battery market with a smaller offering. The Redflow share price has doubled since the start of 2016.

Imergy Power Systems/Foxconn :

It is too early to know how the Imergy projects in India, China and Africa are proceeding, although the status of the Sun Edison (NYSE:SUNE) purchase of up to 1000 of Imergy's vanadium flow batteries for implementing in India could be problematic given the disaster that has recently befallen SUNE and news that it is not supporting its activities in India. The rumor is that Adani (IN:ADANIT) may be interested in SUNE's Indian projects.

Recently (end of February 2016) SUNE announced agreement with Ontario Independent Electricity System Operator (Ontario IESO) to supply an Imergy 5MW/20MWh system in 2017; this was to be SUNE's first large scale grid-connected energy storage project and it will need to be restructured with SUNE in difficulty. Imergy and Foxconn will need to think creatively about diversifying the route to market for their flow batteries.

ViZn Energy/JBL Circuit : ViZn reported 20% improved capacity and reduced life cycle degradation, which is important for frequency regulation applications.

At the end of the day there will be winners and losers and here sits the dilemma for investors. Is it still too soon to know which technology to back and which companies to invest in? Given the intense interest in frequency regulation I suspect that this market, will be satisfied soon by companies like Kokam and LG Chem who have done the hard yards on understanding Lithium battery chemistry. I suspect that for management of renewable energy it will end up a combination of pumped hydro, Lithium and flow battery technologies, with the latter becoming increasingly important.

What is abundantly clear is that all investors need to look carefully at their fossil fuel portfolios, as the complacency that the switch to renewable energy (with storage) is going to take a long time seems misguided in 2016.

Conclusion

This story about battery storage starting to do heavy lifting has implications in two areas of large scale energy supply: frequency regulation and management of renewable energy. It will help resolve issues of intermittency of renewable energy. The impact will be felt not only on adoption of renewable energy (and hence solar and wind companies) but also on fossil fuel power generation. Investors in fossil fuels should think carefully about where this is heading.

Disclosure: I am/we are long ASX:RFX.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

University Heights

How to Hook Up a Wind Turbine and Solar Panels to a Battery


Solar Panels San Diego

University City Solar Quotes

So, what exactly is involved in calculating solar panels cost in University City? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

How Much Does It Cost To Install A Solar Panel

University City 3 Undervalued Solar Leaders

To Find Out What Your Dream Means, You Need to Be Honest With Yourself

For the most part, dreams are challenging us to be honest about who we are, what we want, what we fear, what causes us pain, our insecurities and the things that are holding us back in life. Dreams often tell us where we’re at in terms of what’s going well and what’s going not so well in our lives.

Our subconscious is like our own personal therapist and we’d be wise to listen to her!

Getting into dream interpretation has so many benefits. It can bring liberation, self awareness, self knowledge, a strong connection to our inner selves and an awareness of our emotions.

Dream interpretation is a massive topic, but this article will explain many of the most important elements you'll need to interpret your dreams.

Step 1: Determine the Function of Your Dream

You can go a long way towards answering the question of what your dreams mean by identifying which of the following functions the dream you want to interpret may be able to serve.

For example, if you were watching a movie about vampires and that night you have a dream about vampires, then the most logical function of that dream, taken from the list below, would be "Organizing Knowledge & Experience." Your brain took in certain elements of the movie and the dream's purpose is to organize them into your existing knowledge base.

The Main Functions of Dreams

  • Expressing and processing emotions
  • Maintaining or improving mental health
  • Providing information on what we want, need, think or feel
  • Giving sexual release
  • Organising knowledge and experiences – de-fragging the mind like a computer
  • Learning (making connections)
  • Helping with problem solving (creativity, thinking out of the box, new inventions, finding solutions)
  • Providing wish-fulfillment (e.g. having a sexy dream with someone famous)
  • Connecting to spiritual realities (rare!)

Through lucid dreaming and dream incubation, we can develop confidence in ourselves and any area of our lives that we choose to. We can also go on some amazing adventures!

Step 2: Don't Ignore Your Emotions

The emotions we experience in our dreams are one of the most important aspects to dream interpretation. Believe it or not, our dreams are trying to be obvious! Understanding dream language can take a bit of practice but once you get into the right mindset you’ll find the majority of your dreams can be interpreted quickly and easily.

An Example of Why Emotions in Dreams are Important

If you are driving a fast car in your dream and feel exhilarated, this could mean you're progressing at a great speed in some area of your life and you are finding it exhilarating and exciting.

  • But, what if you are driving a fast car and feel terrified of crashing? The meaning will be vastly different. Something along the lines of, you are traveling too fast in an area of your life and feel out of control.
  • Or, what if you are driving in a fast car that will only do 10 miles an hour and you feel impotent and frustrated? You would need to look at what is holding you back in life either through inside or outside circumstances.

Make a special note of your feelings in relation to each symbol that appears in your dream as it's going to give you some of the most valuable information on the dream's message to you.

The Relevance of Recent and Past Events in Dreams

  • Recent events come up a lot in our dreams. Sometimes it is because our minds are trying to process and organise what happened, other times they offer the mind handy symbols to present other information.
  • Past events, people and places also come into our dreams frequently. They are usually telling us that there is something from our past that needs understanding or resolving. You will normally find that the issue is something that is also prominent in your life now.

If you dream about a house you lived in as a child, for instance, ask yourself what was happening in your life at the time you lived there.

  • Did your parents separate?
  • Did you change schools?
  • Was it a particularly happy time?
  • Ask yourself why your mind would want you to revisit that time again.
  • Are there things issues from that time still holding you back?
  • Did you make decisions based on events in the past that are no longer relevant or useful?
  • Do you need to recapture a certain quality or feeling?

Prophetic and Psychic Dreams

There’s a strong myth stating that all of our dreams are foretelling the future, and this is simply not true.

That’s not to say that it doesn’t happen -- I've had quite a few myself. Dreams can occasionally give us information about future events, (which is where the myth comes from). However, unless we have highly developed psychic abilities, these are usually few and far between. This begs the question, “How do we know when our dream is prophetic?” Unfortunately, the answer to that is that you can’t know until the event you dreamt of takes place.

A lot of people have experienced dreams that involve ESP or what we might call psychic events. Again, these are quite rare -- most people might be lucky to have one or two of these in their lifetime. They include:

  • Dreams of a deceased relative or friend (accompanied by feelings of joy, peace and love)
  • Dreams of a deceased person we do not know
  • A dream involving extra sensory perception (ESP) such as seeing an event in a dream that is taking place at the very moment you dream it
  • Dreams of angels, spirit guides or religious figures
  • Dreams of past lives
  • Out of body experiences
  • Astral travel

Those who have had these kinds of dreams report that they are exceptionally vivid and the feeling quality of the dream is different than in ordinary dreaming. The emotions are particularly intense and there is a sense of watching the scene as an observer rather than being involved in it.

Nightmares

While distressing, nightmares can tell us a great deal about ourselves. In particular: what we fear, what causes us the most emotional pain and what is holding us back in life. Nightmares are usually expressing deep feelings and thoughts that we are unconscious of. That's why they're so frightening -- because they are bringing to our attention emotions that were perceived to be threatening, devastating and/or overwhelming at some point in the past.

The occurrence of a nightmare is a sign that you're now ready to deal with these emotions and that you need to deal with them for the sake of your emotional, mental or spiritual health.

This statement may sound obvious, but it's surprising how many of us don't understand that our nightmare is telling us about something we are frightened of or anxious about. Take the time to discover its meaning, and you'll benefit in the long term.

Common Dreams

Below are three common dreams that show examples of the kinds of questions you need to be asking yourself to enable you to accurately interpret your dreams

A Partner Being Unfaithful

Dreams of your partner cheating on you are most often an expression of your own anxiety and insecurity. Very rarely will they be your intuition alerting you about actual cheating -- rule out all other possibilities first:

  • Are you scared your partner will leave you?
  • Do you have low self esteem and/or confidence and wonder whether you deserve your partner?
  • Have you or your partner cheated on each other or other partners before and you are worried this will happen again?
  • Do you have problems with trusting people?
  • Do you find it difficult to trust yourself?
  • Are you attracted to someone else?

Dreams of Being Naked

What is your dream of being naked telling you? It will depend greatly on how you feel about it in your dream. Are you embarrassed? Ashamed? Free? Liberated? Vulnerable? Scared? Indignant? Exposed? Natural? Exhilarated?

If you experienced a negative emotion in relation to your nakedness, it could mean:

  1. You are feeling very vulnerable at the moment.
  2. You are scared of being exposed in some way.
  3. You have problems with your relationship with your body.
  4. You are hiding something you need to share.

If you experienced a positive emotion in relation to your nakedness, it could mean:

  1. You feel totally free.
  2. You feel liberated from a problem, setback or difficulty.
  3. You are at one with your physical nature.
  4. You enjoy your body.
  5. You are being completely honest about who you are, what you want or need.

Dreams Involving Animals

One way of interpreting animal symbols that I often use is to ask myself, "What special characteristics does this animal embody?"

Eagle

  • The eagle soars freely high above the earth. Therefore, the eagle has a broad perspective of what is below and will be able to "take in the whole picture." Do you already see the whole picture, or you do need to take a more objective view of something? Maybe you need to look at things from another perspective.
  • The eagle is strong and powerful. Do you feel strong and powerful or does someone in your life embody these qualities?
  • The eagle is a skillful hunter. Do you need to hunt something down or do you feel like someone is hunting you down?

Bees

  • Are you feeling stung by something that happened recently or by something someone said?
  • Bee is a homophone of "Be." Is your dream of bees telling you to just "be" yourself?
  • Think about what is special about bees. Bees are very busy, productive and industrious creatures. They work cooperatively for their survival. They swarm together for protection and to attack. They are hive creatures - the group is more important and powerful than the individual. They produce a nourishing food (honey). Do one of these things prick your intuition about what the bees mean to you?

Solar Electricity System

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With growing concerns over the environmental effects of burning fossil fuels and rising energy prices, many people are looking to renewable energy as a clean alternative and a way to cut down on energy costs. Installing solar panels into a home not only will reduce electrical bills, but may also actually help you make money by generating electricity. Although the installation cost can be expensive, the government offers programs and tax credits for "green" home improvement projects like this one. Things You'll Need Solar panel array Chalk Stud finder Solar panel mounts Drill Stainless steel lag bolts Metal flashings Metal rails 3/8" stainless steel bolts Electrical conduit Circuit breaker Installing Solar Panels Determine how big the array on your roof will be and mark off where it will be installed. Use a stud finder to locate the studs in the area where the panels will be installed and mark them off. The attachment points will be spaced in a rectangular grid pattern, 4 to 6 feet apart. Align the mount over the stud where it will be attached and drill a pilot hole. Use stainless steel lag bolts to attach the mounts to the roof, driving them in through the pilot holes you've drilled. Slide the flashings over the mounts, tucking the top edge under the shingle and nailing it to the roof. Attach metal rails to the posts with 3/8" stainless steel bolts. Install the solar panels and connect them so they form an array and also install all the wiring connections. Wiring Run the electrical conduit from the array to the place the inverter will be located, attaching it to the roof. Other People Are Reading How to Calculate Solar Panel Angle The Average Cost of Switching to Solar Energy Run the wiring through the electrical conduit, following the instructions provided by the manufacturer to connect the wires to the solar panels correctly. Take the side of the wiring that's not attached to the array and run it into the inverter and disconnect switches. The inverter converts the DC current that the solar panels produce into the AC current you use in your house. The disconnect switches allow you to turn the system off so that you can safely make repairs. The control equipment should be placed near your electrical box. Install a new circuit breaker in your electrical box and feed the lines leading from the solar array into the electrical box through the new circuit breaker. You might want to hire an electrician for this step if you're not comfortable doing it. Tips & Warnings Ideally, you should install the solar panels while the house is under construction or a new roof is being installed. When you're attaching the mounts to the roof, use a chalk line or laser sight to keep them in a straight line. Related Searches References Ameco Renewzle.com SolarPowerRocks.com Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. Resources Solar Panel Installation You May Also Like Solar Roof Panels to Prevent Ice Dams In the winter, melting snow can lead to ice dams. These dangerous, costly packs on your roof can be difficult to remove.... How to Install Solar Panels on a Tile Roof Solar panels can be installed on many roof types. The panels can be tilted up as well as flush-mounted. It is much... Flat Roof Pros & Cons While pitched roofs are used on many houses, a flat roof is a viable option for many homes. As the name implies,...

University City

How to Build a Solar Energy System


Solar Panels San Diego

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So, what exactly is involved in calculating solar panels cost in Torrey Pines? When thinking about solar power very few people know the way the cost of solar panel systems is actually measured. Or even, for that matter, do we automatically grasp the connection relating to the cost of solar power and the value of solar power. We all know that gasoline prices are in dollars per gallon. We likewise are all aware of approximately how far we’ll be able to drive after spending 40 bucks for a tank of gas. In contrast to a tank of gas, the value of which can be consumed pretty much instantly, solar panels deliver their value across a period of time.

Are Solar Panels Worth It

Torrey Pines 3 Undervalued Solar Leaders

Hemera Technologies/AbleStock.com/Getty Images Solar panels can be installed on many roof types. The panels can be tilted up as well as flush-mounted. It is much easier to locate the rafters when the roof is off to install the mounts for the panels. The mounts need to be secured with stainless steel lag bolts bolted into the roof rafters. Shingle roofs are easy to work with because there are no special requirements needed. Tile roofs are difficult to install on and transporting solar panels across them can be challenging. Things You'll Need Solar panels Mounting kit Tar and heater Safety goggles Remove the tiles at intervals where the mount will be installed. Find the rafters with a stud finder, then use a laser sight or chalk line to for a straight-line mark where each mount will go. Use a drill to pre-drill with a pilot bit to steer clear of splitting the rafters. Install the mounts where the holes you made earlier with stainless steel lag bolts. Place metal flashing over the mounts and hot-mop (seal with tar and heat) around the mounts. Secure the metal rails to the mounting posts with 0.375 bolts. Cut a hole into the tile to fit snugly over the mounting bracket and seal with tar. Install the solar panels and attach them into an array. Install the conduit and run the wires to connect the panels to the inverter. Tips & Warnings Always wear safety goggles. Related Searches References Ameco Photo Credit Hemera Technologies/AbleStock.com/Getty Images Promoted By Zergnet Comments Please enable JavaScript to view the comments powered by Disqus. You May Also Like How to Install Tile Roofing Tile is one of the oldest types of finish covering used on pitched roofs. Tile roofing has grown increasingly popular because of... How to Install Solar Panels on My Roof Solar panels have become very popular these days. More and more people are switching to these environment-friendly ways of generating electricy. Mounting... Solar Installation Cost

How to Protect Lawn Decorations from Theft

Recent Macro News

Source: Wallstreetdaily, SCMP, CNN Money

The last 2 quarters have seen influential countries such as china, India and Saudi Arabia announce heavy commitments to investing in solar infrastructure. The news isn't particularly surprising if you are aware of the hazardous pollution levels in China and India. China, the most populated country in the world, claimed that it will spend over $361 billion on renewable energy development by 2020. According to China's National Development and Reform Commission (NDRC), 40% of that spending will go towards solar and that will result in more than 1000 major solar plants, boosting china's solar capacity by 5 times.

Khalid Al-Falih, the energy minister of Saudi Arabia, announced that the oil capital of the world plans to spend as much as $50 billion on renewable energy. The short-term goal is to generate 10 GW of electricity through solar and wind by 2023. Al-Falih remarks that the long-term goal is to have renewable energy account for 30% of the country's total energy consumption by 2030.

Forbes states that India has installed 5.4 GW in 2016, and the Ministry of New and Renewable Energy estimates 15 GW (estimates to around 22% of global demand in 2017) and 16 GW of solar installation for the next two years. The Indian Government aims to accumulate 100 GW of solar by 2022, a feat which will require around $90 billion in total.

The combined future solar spending by these three countries, as well as the rest of the world, is an enormous pie to split between the big players in industry. In this article, I will use fundamental data to compare First Solar (NASDAQ:FSLR), Canadian Solar (NASDAQ:CSIQ) and JinkoSolar (NYSE:JKS), 3 heavily undervalued solar leaders which are well positioned to meet increasing global demand. All financial figures are expressed in USD via Bloomberg.

Market Cap

Source: Bloomberg

First Solar's $3.94 billion market cap is by far the largest in this group. First Solar is the only company on this list headquartered in the US and has an American management team. Canadian Solar's $855 million market cap is the next highest. Canadian Solar is based in Guelph, Canada, but the management team and production is predominantly Chinese. JinkoSolar's $542 million market is the lowest of the bunch. The company is entirely Chinese from its headquarters to production.

Revenue & Gross Profit & Net income

Source: Bloomberg

Please note that analyst consensus Q4 revenue and net income are used to estimate full-year 2016 revenue for Canadian Solar and JinkoSolar. On a GAAP basis, First Solar reported $2.951 billion in revenue and $704 million in gross profit for 2016. Net income came out to be -$382 million due to a $729 million unusual expense which we believe to be asset write-offs. Canadian Solar is expected to earn $2.871 billion in revenue, $459 million in gross profit and $89 million in net income. JinkoSolar is projected to pull in $3.331 billion in revenue, $647 million gross profit and $125 million in net income. JinkoSolar leads the pack in revenue and net income due to the tremendous demand for solar in China, where JinkoSolar conducts a majority of its business. First Solar boasts the highest gross margin at 24% while Canadian Solar and JinkoSolar have gross margins of 16% and 19%, respectively.

Source: Bloomberg

Cash & Debt

Source: Bloomberg

Looking at the balance sheets of these 3 companies, it's clear why First Solar is trading at a higher earnings multiple compared to its peers. First Solar currently has more than 10x cash on hand than total debt and actually received $5 million in interest income in 2016. Canadian Solar has $481 million cash on hand and a heavy debt load of $2.344 billion. The company is paying an estimated $52 million in interest expense (first 3 quarters annualized). JinkoSolar has $2.663 billion in debt, the highest of the three and dwarfs First Solar's debt of $188 million. JinkoSolar is estimated to pay a substantial $95 million interest payment in 2016 (first 3 quarters annualized). Although Canadian Solar and JinkoSolar are carrying high levels of debt, one must note that Canadian Solar and JinkoSolar have historically financed their projects with debt rather than equity.

Current Price vs. Book Value

Source: Bloomberg

All three solar leaders are currently undervalued relative to their book value. First Solar, with over $2.4 billion in retained earnings, is trading 22% below book value. JinkoSolar has been GAAP profitable for the past 10 quarters and accumulated $339 million in retained earnings during the same period. JinkoSolar is currently trading 28% below book value. Canadian Solar at its current price of $15 is trading just $1 below its book value of $16, but the company has been steadily growing its retained earnings from $47 million in Q4 2014 to $294 million as of Q3 2016.

Analyst Targets

Source: 4-traders

First Solar, with 22 covering analysts, has 5 buy ratings, 4 sell ratings and 13 hold ratings. First Solar is currently trading right around the analyst target of $35.9. Canadian Solar, with 2 buy ratings, 2 sell ratings and 7 hold ratings, is trading slightly below its price target of $15.2. JinkoSolar, with only 7 covering analysts, has 3 buy ratings and 4 hold ratings. The analyst target of $23.2 represents a 36% upside from the stock's current price.

Personal Holding

Although we believe all three stocks have bright futures, we currently hold Canadian Solar only. Although Canadian Solar's P/E is not as low as JinkoSolar's and the company's book value is below both of its peers, we remain enticed by Canadian Solar's diverse project portfolio. Since its inception, 100% of JinkoSolar's revenue came from the People's Republic of China. In 2016, 83% of First Solar's revenue came from the US, 5.4% came from India and 11.7% from various other countries. For the 12 months ending 9/30/2016, Canadian Solar derived 41.7% of its revenue from Asia, 46.8% from America (a good portion of which is from Canada) and 11.5% from Europe + other foreign countries. We believe Canadian Solar's diversified global presence positions the company tremendously to meet the increasing global demand for solar. We will continue to buy on dips and may initiate a position in JinkoSolar in the near future.

Source: Bloomberg

Disclosure: I am/we are long CSIQ.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Torrey Pines

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