UIC - Feasibility Study

Feasibility Study

Any PV power project beyond a certain size starts with a feasibility study, which aims at determining the difficulties and justification of implementing the project.  Depending on the project size,  complexity and the interest of the project proponent, a feasibility study can cover one or many of the following topics:

• Site suitability: Useable area, orientation, shading,  site barriers and preparation issues, building permits, available utility power transmission & interconnection issues, identification of and feasibility for obtaining the necessary permits to construct the system…
• Technical : Module technology options, high level system architecture, system sizing, expected monthly KWh production, mounting structure options , module lay out etc….
• Economic Analysis : State and federal incentives, estimated system costs, financing possibilities, IRR, and payback calculations…..
• Vendor lists and an outline of the next steps….

Should the proponent decide to go ahead with the implementation of the project the immediate  step  is the preparation of a detailed System Engineering work which includes component  specification list with estimated pricing as well as detailed CAD drawings and tasks to be performed by potential contractors who will be normally selected through an RFP process.