Advising my company to go Solar Student’s name: Course: Institution: Instructor: Date of submission: Introduction Most companies in the entire world are moving solar because solar power has a lot of commercial benefits; solar panels are cheap and easy to install solar power is environmental friendly hence a renewable energy and reduction in energy costs. I would advise my company to go solar since solar poses a lot of commercial advantages to a company. A company should evaluate the worth of solar power against the total cost. Solar panels can last for decades and the original cost can be plowed back over a few years. The cost of buying and installing solar panels is dropping steadily the company should invest in solar power since the solar panel systems have short payback periods and they provide steady returns in terms of finances. Solar panels help the managers to evade energy prices. References Drury E. Denholm P. & Margolis R. (2011). Impact of Different Economic Performance Metrics on the Perceived Value of Solar Photovoltaics (No. NREL/TP-6A20-52197). National Renewable Energy Laboratory (NREL) Golden CO.. Bakos G. C. Soursos M. & Tsagas N. F. (2003). Technoeconomic assessment of a building-integrated PV system for electrical energy saving in residential sector. Energy and Buildings 35(8) 757-762. Peterseim J. H. Hellwig U. Tadros A. & White S. (2014). Hybridisation optimization of concentrating solar thermal and biomass power generation facilities. Solar Energy 99 203-214. [...]
The company is of course trying to sell you on solar power and they are using the typical investment decision tools used in organizations worldwide. Let's assume your company is considering going solar - does it make sense to do so? Are you comfortable with the data presented? Do you want additional information? Prepare a paper (approx 2 pages) that lays out your thoughts on whether your company should make this capital investment or not. Be sure to include your thoughts on the data presented, as well as other information you might like in making the decision. Feel free to look at things from multiple perspectives before making a final decision.