Distributed solar PV is growing explosively in the United States. Driven by solar PV module price reductions, the rising cost of grid-tied electricity and the growth of innovative financing models, the nation’s solar PV capacity could rise five-fold to 50 gigawatts or more by 2017, with 20 to 30 of that consisting of distributed generation, one of the key solar growth drivers, according to a recent report from Deutsche Bank. The report states that solar PV is already at grid parity in 10 U.S. states without additional subsidies.
Locus Energy, whose business is providing hardware and software monitoring solutions for more than 25,000 residential, commercial and utility-scale solar PV systems, has addressed these issues by developing a cloud-based enterprise asset management platform for owners and operators of solar PV fleets called SolarNOC™ (Network Operation Center). SolarNOC™ helps fleet managers streamline O&M and financial administration activities by aggregating, organizing and assessing performance data across a diverse set of solar PV assets.
In addition to SolarNOC™, Locus Energy also offers a proprietary analytics platform called PVIQ Suite™ that provides fleet owners and operators with a much-needed means of evaluating how the actual performance of a solar PV asset ranks against expected performance, and then drills down into the specific causes for a system’s deviation from expectations. This powerful risk-mitigation tool has two main elements: the Virtual Irradiance (VI) tool and the Waterfall analysis.