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Queed - Global News Network > Economics > Investment > Why Load Assessments are Essential Before Investing in Solar Energy
BusinessInvestmentTechnology

Why Load Assessments are Essential Before Investing in Solar Energy

Queed Reporter
Last updated: December 7, 2024 7:57 am
Queed Reporter 7 months ago
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As the interest in solar energy continues to rise in Jamaica, experts are urging individuals and businesses to carefully assess their energy needs before making the switch to solar power.

Errington Case, Grid Manager at the Jamaica Public Service Company (JPS), emphasized the importance of conducting thorough load assessments to ensure the feasibility and profitability of solar energy investments. Speaking at a recent energy conference, Case explained that an accurate understanding of one’s energy consumption patterns is critical for making an informed decision about solar power.

“Without a clear understanding of your daily energy use, especially how much is consumed during the day compared to the night, you’re essentially guessing when it comes to solar investments,” Case stated.

Simply reviewing your monthly JPS bill, which shows total consumption, isn’t enough. Case highlighted the need for a comprehensive analysis of energy usage over a 24-hour period to identify peak consumption times. This evaluation, which could span a few days to several weeks, provides a clear picture of how much energy is used throughout the day and night, allowing homeowners and businesses to make more accurate solar system designs.

For example, Case pointed out that if 40% of a household’s energy usage occurs during the day and 60% at night, a solar system without battery storage would only address the daytime consumption. This limits potential savings and might not justify the investment.

“Properly managed expectations are key. The system should be designed to target the specific usage patterns. This ensures that both the energy savings and income from selling excess power are realistic,” he said.

A load assessment also plays a crucial role in estimating the return on investment for solar projects. By understanding their energy needs, Jamaicans can better calculate savings on JPS bills and, for those enrolled in the net billing program, forecast earnings from selling excess energy to the grid. Under net billing, customers can offset their energy costs during the day and sell surplus electricity to JPS for compensation. When factored over the system’s lifespan, these savings and earnings can offer a significant net benefit.

Case also cautioned against common misconceptions surrounding solar power, such as the idea that a solar system can completely eliminate JPS bills. While solar can significantly reduce energy costs, households still rely on JPS after dark, when solar panels are no longer generating electricity. Furthermore, adverse weather conditions, such as heavy rainfall or cloud cover, can reduce solar panel efficiency, sometimes leaving batteries depleted before the day ends.

“Solar is not a perfect solution every day,” Case explained. “In years with significant weather disruptions, solar systems may not perform at their full potential. It’s important to account for these factors when considering the investment.”

To maximize the benefits of solar energy, Case advised designing systems with slightly more capacity than required to account for energy fluctuations. He also stressed the importance of energy-efficient appliances and the adoption of habits that minimize unnecessary energy use during the day.

For Jamaicans considering solar energy, understanding load profiles is an essential step toward making a smart, informed decision. With the right preparation, solar investments can provide long-term savings and sustainable energy solutions.

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