Photovoltaic panels are an increasingly common sight on urban rooftops and rural properties across the U.S. The declining cost of equipment and installation makes installing a behind-the-electric-meter (net metered) solar electric system enticing for many farmers. Evaluating the financial prudence of an investment in solar requires careful consideration of installation costs, the value of production, and operation and maintenance costs. This six part webinar series will provide practical guidance to farmers who are considering investing in a solar electric system so they are able to make fully informed investment decisions. While the target audience is farmers, the information presented will also be a professional development opportunity for Extension educators.
Part 5: Conducting a Financial Analysis
Date: Thursday, February 15, 2018
Time: 7-8 PM EST
Description: Accurately evaluating the viability of a photovoltaic system requires understanding financial concepts, such as simple payback, net present value, and the levelized cost of energy. Preferences for risk, environmental attributes, and independence also inform these measures of viability.
Registration information and a complete agenda can be found at https://events.anr.msu.edu/SolarAnalysisWebinar/.