Solar Panels San Diego

What should you consider before having solar panels installed in San Diego ? How should you decide which installation company is right for you? What type of solar should you choose? photovoltaic or solar thermal? Are there upkeep or maintenance costs?

All of these are valid and common questions when considering solar panels. It’s a big investment and so it’s understandable that you will have questions and concerns. I’ve collated some basic knowledge, tips and advice on how to ensure you find a good company to install your solar panels and highlight some of the points you should consider when having photovoltaic panels installed at your property.

Solar Power System For Home

1. MCS Approved Installers

Firstly, and most importantly, ensure that your chosen installer is an “MCS approved installer”. MCS stands for Microgeneration Certification Scheme and it is an indication to consumers that the installer has been assessed and adheres to standards and regulations that are set by the MCS.

MCS Approved Installers are awarded certification as a result of a thorough assessment of the supply, design, installation, set-to-work and commissioning of renewable microgeneration technologies, solar panels.

2. MCS Approved Solar Panels

Alongside MCS Approved installers, make sure that your panels are also MCS approved. MCS Approved Solar Panels also undergo rigorous standards.

To receive certification, MCS Approved Solar Panels not only receive product testing, but the manufacturing processes, materials, procedures and staff training also undergo assessment. Certification is only awarded if every step and stage meets the criteria.

3. NIC EIC Certification

All electricians who provide services in the UK should be NIC EIC certified. Solar installers are no different and you should make sure the company you choose has received certification. You will then be safe in the knowledge that your system complies with national safety requirements as stipulated by the governing body responsible NIC EIC certification.

4. Solar Panel Quotes

Don’t rely on the first or cheapest company you find – ask for quotes from a number solar installation companies, and let the companies know that you plan to do this. This should help ensure that you receive competitive quotes and it also gives you a benchmark from which you can compare quotes against quotes. It might give you some leverage to “play” companies off against one another to get that quote figure knocked down a little. Companies only exist to make money, so they won’t want to lose a potential customer.

Talk to companies who visit your property to provide you with quotes and ask plenty of questions. This will give better understanding and knowledge of what to expect and what you are told. Consider all your quotes before committing to any one in particular.

5. Cheapest Doesn’t Mean Best

As with most things in life, the cheapest quote you can find won’t necessarily get you the best end result. That doesn’t mean you should opt for the most expensive solar panels either. Find a quote which you feel is fair and just as importantly, choose a company that you feel comfortable about dealing with, a company who answers your questions and takes time to explain the technical side of things in a manner that you understand.

This doesn’t just apply to the company’s bottom line figure, but also the individual materials and equipment the company quotes for. If you haven’t been provided with a detail or itemised quote, ask for one. This way, you will know what equipment and materials you are paying for, and you can compare this to your other quotes.

Solar Lights Outdoor

6. Research!

The technology is constantly evolving and in terms of energy generation for the masses, it is still quite new so there will always be improvements and enhancements being made. Ask your company what products they will be using for your install and take some time to do some background research on them: Are there any problems with the panels? Are there newer versions? Is the price about right? Are there any forums which advise for or against them? Learn about solar panel technology and the terminology used, this will help you avoid being “blinded” by jargon.

7. Calculate Potential Feed in Tariff Earnings

The Government’s Feed in Tariff has been extremely influential in the popularity of solar panels. You get paid for all electricity generated from your solar panels, even if you consume it personally. As a general overview, from 3rd March 2012, the rate is 21p/kWh and then from 1st July 2012 the rate of return will be between 16.5p/kWh – 13.6p/kWh. This rate will depend on the number of panel installations completed between March and April 2012. You can also use one of the many online calculators to see how much money you could be earning on your potential investment.

The Feed in Tariff means that whilst your initial investment may be a big outlay, not only will you save money on your energy bills, but you will also generate an income. This takes the investment in solar panels way beyond most returns from other “normal” monetary investments. If you have money invested in savings accounts, maybe consider solar panels.

8. Solar Thermal and Photovoltaic Panels

Take some time to decide whether solar thermal or photovoltaic systems would be more beneficial to your property. Solar thermal generates hot water, whilst photovoltaic panels will generate electricity.

If you are unsure as to the system you want, contact companies and ask which system they would recommend. There’s no reason why you cannot have both systems installed and if you decide that solar thermal panels are your best option, still consider photovoltaic panels, if for no other reason than it could in theory pay for itself and your solar thermal panel system.

Are Solar Panels Worth It

9. RHI – The Renewable Heat Incentive

The Renewable Heat Incentive does not provide such a good return on your investment as the Feed in Tariff, but it is still a good incentive that deserves careful consideration. The scheme’s aim is to encourage property owners to reduce their heating energy consumption and carbon foot print by providing the following benefits:

0.085p per kWh return for 20 years
energy consumption reduction
A Government payment contribution
10. Maintenance Costs
You will undoubtedly be told that there are no upkeep or maintenance costs involved with solar, and throughout life expectancy of a solar panel installation, there should in fact be little maintenance or upkeep in regards to the panels themselves. However, the inverter, which converts direct current (DC) to alternating current (AC), will, at some point in the 25 years, need replacing. The cost to replace your inverter will be somewhere near 1000, and so this should form part of your calculation and consideration for solar panels.

Solar Installation Cost

Normally, solar systems will be installed on rooftops or high up above the ground in order to get the best exposure to direct sunlight especially in San Diego. The result of this is that less able-bodied people may require assistance to have the solar panels cleaned or to clear any fallen leaves or debris from on and around the panels to keep them working at their maximum capacity.

What Does My Dream Mean? Find Out for Free

Solar Price

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.


San Diego Solar Panel Installation Companies

So, what exactly is involved in calculating solar panels cost in San Diego? 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.

Average Cost Of Solar Panels

San Diego 3 Undervalued Solar Leaders

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... How Much Does It Cost To Install A Solar Panel

How to Install Solar Panels on a Tile Roof

It is now the high time to do our own share in protecting Earth and her wonderful creatures.

Our planet is indeed gasping for breath right now, our harmful pollution is indeed choking her slowly and continues to strip off her ozone layer. I think it is about time to give our response to this alarming state of the only planet we live in, by doing our own share of protecting her with doing simple things that will surely stir big difference. For if not, we might be harming ourselves in the years ahead as well, for nature has its own destructive ways of getting back at us humans, the signs of earth's displeasure with inappropriate and harmful activities of humans are now seen and felt all across the globe like the global warming, climate change, acid rain, drought, flash floods and other forms of natural catastrophes.

Antarctic glaciers and ice sheets are melting at a fast rate, the populations of bees worldwide are dwindling down, numerous species of flora and fauna all across the world are becoming extinct as years go by, the ecosystem is continuously harmed, polar bears are getting hungry and the list goes on.

Here are some practical and small ways that could help our planet get a sigh of relief. Collective small efforts by those who are genuinely concerned with earth's welfare will inevitably help her by great leap and bounds.

1. Don’t allow your children to free those colorful balloons in mid-air. Teach your children not to release balloons. For balloons that escaped the grasps of your children that will hover the sky and eventually fell into oceans and seas will be mistaken as (irresistible meal) jellyfish by sea turtles. Sea turtles take a lot of years to mature and unfortunately some of them got killed by eating balloon or plastic bags. Sea turtles are part of the delicate cycle and if their population is affected other species of marine creatures are also under threat.

2. Reduce, Reuse and Recycle. Make it a habit to reduce the things we need or we consume. Purchase only things that we only need and eat only what you can. Let us do our share not to be part of the problem or should I say part of the garbage problem. Reuse all the things that can still be repaired/fixed or those things that are still okay.

Recycle things to conserve our resources, collect old newspapers, books, magazines, used papers, bottles (plastic and glass), and any other things that you could sell in junkyards. There is money in garbage and at the same time we’re doing our part in recycling process.

3. Be kind to trees. As much as possible use forests products and timber very well with optimum efficiency. You may use the back of coupons, use pencils until it become as small as possible, and don’t play with matches. Try to get involved in tree planting in your local conservation program. This could be fun as trees can give us added oxygen, shades for people and a refuge to different insects and birds.

4. Broken scientific apparatus like thermometer, barometers, manometers, sphygmanometers, and float valves and other things that have mercury on it should be disposed properly. Avoid throwing this in rivers for mercury is toxic and poisonous not only to the fishes and invertebrates but to the humans as well.

5. Minimize the use of refrigerators, foam blowers, solvents, aerosol spray propellants, fire extinguishers, and chemical reagents for these contains chlorofluorocarbons (CFCs) that are responsible to the climate change and depletion of our precious ozone layer. Do not burn plastic please this habit is also harmful to our ozone layer.

6. Do not buy exotic and endangered animals. These animals are intended to be in the wild not as mere decorations to your home, pets or playthings.

7. Educate our children, friends and even our local community about the harmful effects of dynamite fishing, illegal logging, animal poaching, over reliance to wood products and hos of other environmental issues.

8. Do not even bother to try eating exotic and endangered animals for they are not intended to be part of human’s diet. Let the other predatory animal do the stalking and eating hehehe you’re not fit to be a lion. One of the most badly hit by human's penchant for delicious foods are the sharks (shark fin soup), sturgeon (sturgeon roes - caviar- are valued for their great taste and one of the most prized eats in the world), snakes, sea turtles and many other animals.

9. Do not patronize things (coats, purse, belt, etc.) that are made up of an endangered animal or animal part (like skin, fur, bones, tusks, antlers, etc.).

10. Be responsible with your garbage, dispose them properly. Also try to use segregation scheme with your trashes, separate those decomposable from those that are not. You may utilize a compost pit to serve as haven for all of your organic trashes and eventually use this as your fertilizer for your backyard garden or trees.

11. Do the traditional way of helping to conserve our environment by virtue of avoiding smoke-belching.

12. Conserve electrical energy and water by employing tips such as regular cleaning of our bulb and fluorescent light in our home, use only appliances when needed, avoiding dripping of water from our faucets, and reporting any case of broken water pipelines to local government.

13. Support any environmental conservation in your community, you may give some donations if this will not bother you to support their cause. You may also join them in their information dissemination drive and campaign as well. You may also do things that can benefit our environment. If you're living in nearby beaches try putting old tires in the sea, this will serve as sanctuary for fishes to lay their eggs and for a place to hide from predators. You may have some vegetation (vegetables, trees or ornamental plants) in your own backyard, for extra oxygen in your area.

14. Support and visit eco-tours near you, these may promote awareness about the importance of ecology to your children, relative and friends.

15. When visiting any tourism site/protected parks please be responsible with your trashes as much as possible adhere to the rules and regulations of the park even if no one is looking at you.

16. Learn how to appreciate nature and her gifts to mankind and support any environmental campaigns that will help nurture and protect the only planet we live in.

This is my fifth entry to the hubchallenge...



San Diego

How to Remove Solar Water Heater Panels From a Roof


Solar Panels San Diego