Firstgreen solar academy

Financial modeling for solar projects

Welcome to the firstgreen solar academy ccoue on ” Financial modeling for solar projects” This course is designed for the solar professionals who wish to develop their expertise in financial modeling of solar projects. The course uses various teaching tools, formulas and excel based financial models which can be downloaded by the course participants. There are four modules of this course which focus on basic principles of financial modeling, calculation of NPV, ITT and LCOE , Calculation of tax benefits including depreciation benefits, and sensitivity analysis of various financial parameters.The course participants will be able to create their own financial models using our working excel templates and wil be able to assess the financial cash flow of their own solar projects. The course covers case studies of rooftop as well as groun mounted solar projects. 



We are having India’s fastest growing solar developers for commercial and industrial solar rooftop

2000KW Solar PPAOperational projects

No Upfront investment from consumers

30% savings through increased yield

Guaranteed savings in your plant through our specialised plant performance assessment services.

Financial modeling for solar projects

Solar hybrid systems with battery sotrage are a mor reliable solution to the home owners and commercial building owners. It can be combined with the other sources such as diesel generators. This course teahces the participants on the step by step procedure for designing a solar hybrid system. The course is useful to the employees of EPC companies, first time solar investors, solar developers, and banks & financial institutions. 

The course start with an introduction to the basic principles of financial modeling, and then continue with calculation of financial parameters such as IRR, NPV, LCOE etc related to solar projects. The course will also deminstrate the calculation of tax benefits such as accelerated depreciation benefits. The course will be based on financial modeling on an excel based tool which will be provided to the course participants as part of this course. The course will be built on case studies related to solar rooftop as well as groundmounted system cash flow analysis.  The main topics covered in this course are as follows:

What you will learn : -

Module 1

Basic principles of financial modeling

you will be able to design the cash flow for a solar project whether ground mounted or  rooftop solar project. 

Module 2

Calculation for NPV, IRR, and LCOE

You will be able to use a working excel based financial model to calculate the project IRR, equity IRR, NPV and LCOE for a project of your own. 

Module 3

Calculation of tax benefits including the accelerated depreciation

You will be able to carry out the complete tax calculation and assessment of accelerated depreciation benefits. 

Module 4

Case studies of roofotp and ground mounted projects

You will be able to carryout the cash flow analysis and payback calculation for the rooftop and ground mounted solar projects based on our financial model templates and case studies. 

Dr. Sanjay Vashishtha

Dr. Vashishtha is the founder and CEO of Firstgreen Consulting. Dr. Vashishtha overseas the project origination, structuring and PPA negotiation for various clients in C&I sector as well as utility sector. Prior to FIrstgreen he has been working with Suzlon roup and DLF for developing solar and wind assets. Over the years, Dr. Vashishtha has worked across the value chain in the renewable energy domain along with various stakeholders

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