Best Investments in Solar & Wind by State & Utility

 




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This Solar Calculator will compute the size and estimated cost to install a solar energy system for your home or building. The solar calculator's financial analysis is based on energy bill savings you can expect and the net solar system cost, after tax credits and other incentives are applied. The solar calculator results are based on many assumptions and the limited data you will enter. An actual site assessment by a trained professional contractor will be needed to determine the actual costs and benefits of installing a solar energy system.

Find the Best States & Utilities for Solar & Wind Energy System Investments.

State: Technology:
Select the State and Technology (PV, Solar Water, or Wind) you would like to review. This report rank orders the best investments based upon available incentives, utility rates, and solar (or wind) resources at that location. This covers residential installations of solar electric (PV), solar water heating and wind turbine energy systems.

Best Investment Returns for Residential Solar & Wind in the USA: Top 30 *

Solar Electric (PV)Solar Water HeatingWind Turbines
  1. ME - Matinicus Plantation Elec Co
  2. RI - Block Island Power Co
  3. HI - Kauai Island Utility Coop
  4. NY - Consolidated Edison Co-NY Inc
  5. NY - Fishers Island Utility Co Inc
  6. NY - Long Island Power Authority
  7. NY - Orange & Rockland Utils Inc
  8. CA - Moreno Valley City of
  9. MA - Town of Hudson
  10. ME - Swans Island Electric Coop Inc
  11. NC - Town of Hobgood
  12. CA - City of Riverside
  13. CA - Truckee Donner P U D
  14. DE - Newark City of
  15. NJ - Seaside Heights City of
  16. CA - City of Glendale
  17. CA - City of Lodi
  18. DE - City of Milford
  19. ME - Fox Islands Electric Coop Inc
  20. RI - Narragansett Electric Co
  21. NY - Central Hudson Gas & Elec Corp
  22. NY - Niagara Mohawk Power Corp
  23. CA - Merced Irrigation District
  24. DC - Potomac Electric Power Co
  25. CA - City of Gridley
  26. CT - United Illuminating Co
  27. NM - Southwestern Electric Coop Inc
  28. CA - City of Lompoc
  29. CA - PLUMAS-SIERRA RURAL ELEC COOP
  30. CA - City of Pasadena
  1. MD - Baltimore Gas & Electric Co
  2. DC - Potomac Electric Power Co
  3. MD - A & N Electric Coop
  4. MD - Southern Maryland Elec Coop Inc
  5. MD - Choptank Electric Coop Inc
  6. MD - Delmarva Power & Light Company
  7. MD - City of Hagerstown
  8. MD - Town of Williamsport
  9. MD - Berlin Town of
  10. MD - Thurmont Municipal Light Co
  11. MD - Easton Utilities Comm
  12. NV - NV Energy
  13. MD - Potomac Edison Co
  14. NY - Consolidated Edison Co-NY Inc
  15. NY - New York State Elec & Gas Corp
  16. HI - Hawaiian Electric Co Inc
  17. HI - Maui Electric Co Ltd
  18. NY - Orange & Rockland Utils Inc
  19. HI - Kauai Island Utility Coop
  20. GA - Coweta-Fayette El Member Corp
  21. AZ - Sulphur Springs Valley E C Inc
  22. HI - Hawaii Electric Light Co Inc
  23. NY - Central Hudson Gas & Elec Corp
  24. NY - National Grid (formerly Keyspan)
  25. NY - Niagara Mohawk Power Corp
  26. LA - City of New Roads
  27. LA - City of Rayne
  28. LA - Cleco Power LLC
  29. LA - Entergy Gulf States Louisiana LLC
  30. LA - Southwest Louisiana E M C
  1. ME - Matinicus Plantation Elec Co
  2. HI - Kauai Island Utility Coop
  3. RI - Block Island Power Co
  4. MD - Berlin Town of
  5. MD - A & N Electric Coop
  6. NJ - Seaside Heights City of
  7. CT - City of Norwich
  8. CT - Jewett City City of
  9. NY - Consolidated Edison Co-NY Inc
  10. MD - Baltimore Gas & Electric Co
  11. MD - Delmarva Power & Light Company
  12. NY - Fishers Island Utility Co Inc
  13. NY - Long Island Power Authority
  14. MD - Choptank Electric Coop Inc
  15. MD - Southern Maryland Elec Coop Inc
  16. CT - Bozrah Light & Power Company
  17. ME - Fox Islands Electric Coop Inc
  18. CT - Groton Dept of Utilities
  19. MD - Easton Utilities Comm
  20. NJ - Borough of Lavallette
  21. NC - Cape Hatteras Elec Member Corp
  22. NC - Hertford City of
  23. NC - Harkers Island El Member Corp
  24. NJ - Atlantic City Electric Co
  25. NC - City of Elizabeth City
  26. NC - Town of Edenton
  27. CT - United Illuminating Co
  28. NJ - Borough of Pemberton
  29. MI - Ontonagon County R E A
  30. MA - Nantucket Electric Co

* - NOTE: Alaska has been excluded from the Top listing (above) because of the small market size relative to the continential USA and Hawaii. However, due to generally high electricity and fuel prices in Alaska the financial returns can be very good.

Financial Terms used in Solar & Wind Investment Analysis

Profit Index (PI) is a measure of investment efficiency. If PI is 1, every dollar invested returns a dollar. If greater than 1, the investment returns more than a dollar for each dollar invested. If less than 1, the investment may not return the full value of the investment over the assumed system life.

Payback - A Measure of Security: The most commonly used measure of the security of a proposed investment is its payback, defined as the length of time until one gets one`s money back. Cashflow Payback is the moment when the cumulative cash in-flows exceed the total of all cash out-flows.

Internal Rate of Return (IRR): is another common measure of investment efficiency. It is defined as the interest rate that causes the project�s net present value (NPV) to equal zero, and is equivalent to the yield to maturity of a bond. The internal rate of return (IRR) on an investment or potential investment is the annualized effective compounded rate of return that can be earned on the invested capital.

Net Present Value (NPV) is an indicator of how much value an investment or project adds to the customer. If NPV is positive then the investment would add value. If NPV is zero or negative then other "qualitative" factors may add adequate value to justify the project (for example, lengthening a swimming pool season). Net Present Value (NPV) is one way to account for the time value of money. NPV calculates the current value of each future cash flow. For example, $1.00 received two years from now is equivalent to something less today, if it can be invested now at some interest rate. This allows us to "discount" the cash flows (whether positive or negative) that the proposed investment is expected to generate at various times in the future back to their equivalent value today (that is, their "present value"). If one then subtracts the cost of the proposed investment from the sum of the present values of the ongoing cash inflows, one obtains the net present value (NPV) of the investment.

How you Might Use This Ranking Report for Marketing Solar & Wind Energy Systems

When determining where to focus your sales & marketing efforts for solar, pv or wind energy systems these reports will be useful. The states and utilities offering a combination of strong incentives and high utility rates will generally provide the best solar and wind energy investments for home or building owners. Of course it also helps to have strong renewable resources (solar and/or wind). This report takes these factors into consideration to help you define which customer profiles may be your best target markets for selling solar and wind energy systems. To best pin point your marketing and sales efforts, consider this in combination with other demographic data, such as median household incomes (by county, city, locality or region) and the percentage of home owners (versus renters).

The US Census Bureau has data that you will find helpful: US Census Data