SolarCoin awarded on the basis of actual production data. A few data points a year are required from a monitoring system or platform to verify energy produced. Many of the world’s largest platforms are in the process of verifying SolarCoin. If your energy monitoring platform doesn’t verify SolarCoin, reach out to an affiliate and they will work to enroll your platform.
Two grant calculation methodologies are used: actual, based on kWh’s generated, and estimated, based on a percentage of an installation’s nameplate capacity.
Most producers and platforms use the actual granting method, where every 1 MWh generated gets one SolarCoin, e.g. 1,100 kWh = 1.1 MWh = 1.1SLR.
In some cases actual production data is difficult to retrieve, so estimated grants are delivered. SolarCoins are granted at the rate of 15% of the installed rated DC nameplate capacity per year using an industry standard algorithm. To estimate a grant, the nameplate capacity of the installation (in KW) is multiplied by 1.31, e.g. 5KW x 1.31= 6.55MWh = §6.55 SLR.
The initial SolarCoin grant is retroactive to the interconnection date of the facility or Jan 1, 2010 – whichever is most recent. Registration approval confirmation & SLR granting currently typically occurs the first week of each month. This can occur as quickly as 2-3 days if your platform is a SolarCoin partner. After the initial grant, follow on grants are delivered every 6 months following the initial grant for the life of the energy generation project.
SolarCoins can be claimed via automatic data import, by submitting paper documentation using our web interface, or via any registered SolarCoin Affiliates. The SolarCoin Foundation requires large-scale facilities (over 500 kW) to submit their claims via an Affiliate.