Solana Beach Solar Panel Install

So, what exactly is involved in calculating solar panels cost in Solana Beach? 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 Power System For Home

Solana Beach 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? Solar Energy Pros And Cons

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.

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