Canada has made clear its commitment to decarbonization. Last month, the Canadian government set a $9.1 billion 2030 Emissions Reduction Plan to assist the country in meeting its carbon reduction goals, with deep reductions in the oil-and-gas sector. This is in the wake of many new policies and an ambitious
In light of the recent Carbon Tax being ruled constitutional and the Federal Budget’s $17.6 Billion dollar allocation towards the Green Recovery Plan, there is a great incentive for commercial real estate owners and architects to design and operate Zero Carbon Buildings. Since 2016, the Canada Green Building Council
Agrivoltaics is the co-development of agriculture and solar photovoltaics within the same land space. Ground mounted solar projects are commonly built in rural farmlands due to the abundance of relatively flat land. In fact, constructing solar panels on less than 1% of the world's cropland is enough to generate
The Canada Energy Regulator (formerly the National Energy Board), published a report on the Economics of Solar Power in Canada (ESPC) studying the financial viability of typical solar power projects in over 20,000 Canadian communities. While we’ve spoken quite a bit about the rapid drop in solar costs of the past
Bifacial PV is currently a hot trend in solar. While bifacial panels are still more expensive than traditional monofacial panels, they offer a significant increase to energy production in the right circumstances. This means a quicker payback and a lower Levelized Cost of Energy (LCOE) for the solar project. In fact, a
The Lawrence Berkeley National Laboratory recently published a paper on Solar PV project life and Operating Expense trends (you can read the paper here) drawing on the findings from a 2019 survey of U.S. solar project developers, sponsors, financiers, and consultants. There were two major takeaways of the study: over
You have made the decision to go solar. You want to reduce your costs, become more energy independent and reduce your carbon footprint. You have an available roof space, field, or parking area (i.e. solar canopy) that can be used to host your solar net metering system. Now you need to determine what is the right
In February 2020, Compass Energy Consulting's President, Jonathan Cheszes, delivered a presentation to Triovest Realty Advisors Inc. entitled "Everything You Wanted to Know About Solar PV in Commercial Real Estate... But were too afraid to ask!"
This is part of a series of blogs looking at the economics of solar power in Canada today. You can read our blog "What Caused Solar Costs to Fall 99%?" to learn more.
Today we will focus on the impact of accelerated depreciation and how it affects the paybacks and economics for solar generation. While capital costs