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How Much Does it Cost to Install a Solar Energy System in 2021?

Silfab Solar Secures Strategic Growth Investment

SEPTEMBER 19, 2021 12:30 PM


Silfab Solar Inc., a North American photovoltaic (PV) module manufacturing company, has announced an investment led by ARC Financial Corp. (ARC) to significantly expand Silfab’s U.S. solar production and supply chain footprint.

Silfab is the first energy transition investment from ARC’s Energy Fund 9. It includes co-investments by Ontario Power Generation Inc. Pension Plan and BDC Capital’s Cleantech Practice.

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“Silfab continues to make significant investments in domestic manufacturing equipment and technology of solar panels that will lead the industry over the next five years,” says Paolo Maccario, Silfab’s CEO. “ARC’s strategic investment provides growth capital that enables Silfab to increase domestic production and sourcing and opens additional doors to new generations of modules. ARC’s North American energy focus supplements the solar-specific acumen of our pre-existing shareholders and this commitment from both groups will also mean more American solar jobs.”

With manufacturing facilities across North America to serve the expanding U.S. market, Silfab utilizes automation for ultra-high efficiency module production, leverages partnerships for next-generation technology applications, and offers warranties for residential and commercial performance.

silfab solar panels
Photo by Pixabay on

“ARC spent extensive effort evaluating the solar industry for long-term investment opportunities that support and drive the global energy transition,” states Brian Boulanger, CEO of ARC. “Silfab’s North American-based team, automated manufacturing knowledge, product development pipeline, and dedicated customer focus align with ARC’s commitment to supporting high-quality businesses. Based on current demand forecasts for PV solar, Silfab is ideally positioned for significant growth and this investment ensures the company is properly capitalized to execute on its plan.”

Silfab manufactures back-contact and mono passivated emitter and rear contact (PERC) PV modules for the North American residential and commercial markets.

The post-Silfab Solar Secures Strategic Growth Investment appeared first in Solar Industry.

Original source:

– My name is Charles Fox. – And I'm Warren Miller, and in this video, we're gonna talk about the cost of solar in 2021. (upbeat music) – What goes into a solar project? What are all those costs? You got your panels,
you got your inverters, you got your wiring, your racking, you have your soft costs.

There's a lot of different components and time into developing a solar project. It's more than just the panels. A lotta times people look
at the cost of a panel and say, "Okay, a solar
project should cost "the panel times the cost per panel, "and that should be my overall cost.

" The reality is, there's
a lot of other pieces that go into the overall
cost of a solar project. – Yeah, so let's talk, Charles, about your average home, a residential solar project. In 2021, if you've got an electric bill of $120 or $150 a month, what's that gonna cost you, in terms of an upfront investment as well as a long-term
cost of electricity? – As I stated before,
there's a lot of variables, but just a general total
cost of a solar project.

This is a turnkey, this is including everything that's in it. It's probably gonna be around $30,000, just to give you a rough number. – That's the total cost. Then you have all the incentives that we've talked about, here and in other videos, so your net cost on that system might be closer to $20,000.

– That’s right. – If you’re looking at a better way to pay for your electricity if you continue paying electricity the way you are for your home, you’re probably gonna pay $60,000 or $70,000 for electricity over the next 30 years.

Whereas, for that same
amount of electricity, you could pay $20,000 by going solar. – Let's talk about the cost now, in terms of a business or a farm. For a larger project, and that's using maybe a $1200 a month electric bill, you're gonna probably spend 200 to $225,000 on a project that size.

– Keep in mind though, the incentives on a commercial project or
an agricultural project include depreciation as well, so the net cost of this project, that $225,000 project, might be around $150,000 or $120,000.

– That’s exactly right. We see paybacks on a commercial project, typically, as good as 5, maybe 5 to 10 years is probably a really rough estimate. On a residential project, you might see a 12 to even a 20-year payback, depending on different factors that go into pricing your project.

– Yeah, that's a great point. But I think the big picture here is just to keep in mind that solar is a long-term investment. There's a better way to
pay for your electricity. You can either pay substantially less over a 30-year period now by paying it upfront
and investing in solar.

– 2021 is a great year to go solar. You still get your federal tax credit. We are seeing electric rates
continuing to increase. It's a great way to hedge against future inflation
of your electric rates.

2021, it may just be the
year for you to go solar. – Hope you found this information helpful, and thanks for watching.

Source : Youtube

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