As the demand for electric power soars, owners of aging U.S. solar farms must make the upgrades that increase output and reliability while keeping facilities cost-effective. Sargent & Lundy Senior Energy Consultant Jake Silhavy addresses the challenge in his article in the latest issue of North American Clean Energy.
In “Repowering Solar PV Projects,” Silhavy describes how owners can repower their existing solar infrastructure, using tax incentives and credits to make the transformation cost-effective. Silhavy has managed dozens of independent engineering projects in support of tax equity and debt financing for renewable technologies, including solar PV projects.
Building on lessons from wind turbine repowering projects, Silhavy says solar operators should be able to benefit from the same tax policies. This could serve as a major cost offset for owners looking to extend the operating life of their facilities as photovoltaic and other power generating equipment degrades over the next five years.
To learn more about Silhavy’s insights, read his article here.