SolarCoin are currently being awarded on the basis of actual production data. A few data points a year are required from a monitoring system or platform to verify the energy production. Many of the world’s largest platforms are in the process of verifying SolarCoin. If your 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 the kWh generated, and estimated, based on a percentage of the installation’s nameplate capacity.
Most producers and platforms use the actual granting method, where every MWh generated receives one SolarCoin, e.g. 1100 kWh = 1.1 MWh = 1.1SLR.
In some cases the 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 more 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.
Currently, SolarCoins can be claimed via the SolarCoin Foundation web interface or via any registered SolarCoin Affiliates.