If you decide that on-site PV is of interest to you, based on this checklist, the next step would be to perform a more detailed technical and engineering feasibility assessment. Checklist to Determine if Your Factory Should Explore Solar PV Key questions to ask about your facility are listed below. More detail for each can be found in the sections that follow.
✓ Does your factory own the building or have a long-term lease (20+ years)?
✓ Do you have space available on your roof for solar panels and/or sufficient land for a ground-mounted system?
✓ Is the roof structurally sound and will it be in place for the duration of the economic life of the solar PV system (typically, 20-25 years?)
✓ Are there any trees, walls, buildings or other structures that shade the area where the solar panels would be located?
✓ Does the factory’s operational schedule and electricity consumption align with solar production?
✓ Does your company allow the use of operational budgets to lease equipment? Or does your company’s budget allow for equipment to be purchased with capital budgets?
✓ If your company is interested in a solar lease, would it be able to sign at least a 10-year contract?
✓ Would your solar PV system qualify for incentives, such as net metering and tax breaks? If you answer YES to all these questions, your factory is well positioned to consider solar. If you answered NO to some of these questions, there may still be other options for renewable energy procurement. The following sections provide a deeper look at these considerations and offer a more detailed explanation of the primary and current financing options for on-site solar PV electricity in Vietnam.