Are there limitations of the tool?
As with any financial modeling tool, the output information is only as good as the baseline information put into the financial modeling tool. To ensure users enter input data correctly, the MREA has included help text for each input field to define and provide guidance for generally accepted ranges.
The MREA has also incorporated default values, though these values may not apply to a user’s particular project. The MREA advises users considering investment in a solar PV system to seek professional technical assistance when developing a project.
Due to the changing solar PV market, system costs continue to drop in nearly all markets. Therefore, it is important to have some awareness of local installation costs similar to the system the user is proposing or considering. Additionally, utility incentives are often local, can change over time, and are sometimes difficult to understand.
To seek assistance from MREA relating to project scoping, site assessment technical assistance, or financial modeling assistance, please inquire at email@example.com.