So, what exactly is involved in calculating solar panels cost in Eastlake? 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.
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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.
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.
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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.
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.
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:
- You are feeling very vulnerable at the moment.
- You are scared of being exposed in some way.
- You have problems with your relationship with your body.
- You are hiding something you need to share.
If you experienced a positive emotion in relation to your nakedness, it could mean:
- You feel totally free.
- You feel liberated from a problem, setback or difficulty.
- You are at one with your physical nature.
- You enjoy your body.
- 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?"
- 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?
- 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?