RatedPower is a collaborative and cloud based software committed to enabling and empowering its users with the processes and tools to help them optimize their work. pvDesign, its a Software as a Service (SaaS), can be accessed from anywhere in the world, including the U.S. After months of engineering and software developing, RatedPower has launched its new interface equipped with a state of the art financial automation.
The new Financial Tool allows the user to create price templates which will be saved privately and used by the algorithm to automatically calculate the CAPEX and LCOE of all the projects simulated in pvDesign. Additionally, another key new feature, the Comparison Tool, allows pvDesign’s clients to easily compare designs side by side with the desired parameters and sort them according to their preferences.
Why are these tools important for solar designers? The financial and comparison tools have been frequently demanded by solar experts in order to be able to quickly estimate the specific price or cost per Watt peak and the cost per MW/h of a given design. Planning and estimating costs properly is imperative in any engineering project. What’s more modifications on a project may be cheap when requested early in the design process and very expensive when requested in the final stages of approval and construction.
Additionally, flexibility and rapidness are key to reducing plant design and construction costs and thus being able to use a software that automates and optimizes the design of solar plants from the initial feasibility analysis to a complete evaluation might be just the key to a successful project.
All in all, RatedPower has become one step closer to become the one tool to automate and optimize the design of solar plants from the initial feasibility analysis to a complete evaluation including topography, civil and electrical layout, meteorological analysis, energy yield, financial assessment and documentation generation.
— Solar Builder magazine