Bombard Renewable Energy installed a 1.1MW system for Faith Lutheran Middle School & High School; system used 4,000 SolarWorld panels.
Sharp will outsource some production of residential solar panels to SunPower; Sharp signed a contract to sell SunPower's modules under its own brand as part of its restructuring plans.
A price of $14/share implies a price-to-sales ratio of 8, higher than any other publicly traded solar co.; but if SolarCity maintains that price, it will have a positive effect on comparable solar stocks.
There are over 1.5 million commercial customers in California, more than in any other U.S state. On average, small and medium-sized businesses in California consume 64MWh (=64 average U.S. homes) and large businesses consume 520MWh (=520 homes) of electricity annually. These businesses have approximately 84,000 acres (=84,000 football fields) of roof area available for PV, more than in any other U.S. state. Businesses in California currently pay an average of 16.15c/kWh for electricity. This is 50% higher than the average U.S. commercial electricity price and the third-highest after Hawaii and New York.
All these factors make California an attractive market for Commercial PV. Not surprisingly, the state accounted for nearly 40% of all Non-Residential PV installed capacity in the U.S in 2011.
But unlike the Residential and Utility PV markets that deal with a largely homogenous set of site factors and project variables, the needs of Commercial PV customers are more discrete. For example, a space-constrained urban office building may use a solar carport system while a suburban warehouse may require a rooftop system. A hotel may see electricity demand peak at night while a school’s demand may peak in the afternoon. A vineyard may have a substantial electricity spend as percentage of operations, while a bank may spend lesser.
The discrete needs of Commercial PV customers will require targeted marketing and specialization. The purpose of this study is to help the segmentation effort - by disaggregating California’s stock of Commercial PV projects into key market segments and sub-segments. Our analysis covered 1,121 Commercial PV projects in California from November 2006 to 2012. Of the eight most popular Commercial PV market segments - Retail, Agriculture/Food Processing, Office, Service Providers and Healthcare accounted for 95% of systems and 97% of installed capacity.
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Blue Oak Energy announces completion of AZ's largest rooftop PV system - a 4.1MW installation at First Solar's Mesa facility, expected to begin operation by year-end.
Think of SolarCity as a finance company - it sells 20-year leases with no money-down, bundles cash flows and sells to investors seeking tax advantages. That is subprime mortgage story.
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