Technology Credit Corporation (TCC), a financier of commercial solar photovoltaic systems, has formally endorsed Energy Toolbase as its software platform of choice for calculating energy savings. TCC has financed over 300 commercial PV systems ranging in size from 30 kW to 800 kW. In addition to using Energy Toolbase internally to validate energy savings, TCC is recommending the platform to its network of solar partners nationwide.
TCC says in its experience financing commercial solar systems, it has seen two issues with predicting customer savings: i) many installers just ‘guesstimate’ savings using a simple, cents per kilowatt-hour calculation; and ii) even experienced commercial installers are not comfortable modeling rate changes and the impact of solar on demand charges.
Energy Toolbase is licensed by solar developers nationwide to calculate energy savings, model project economics, and create customer-facing proposals. The software-as-a-service product formally launched in July of 2014.