Solar Bankability Data to Advance Transactions and Access (SB-DATA) Final Technical Report
The DOE project “Solar Bankability Data to Advance Transactions and Access”, known in the solar industry and referred to in this report as “Orange Button”, had project objectives of convening key stakeholder participants in the solar project lifecycle to develop a data taxonomy that meets to the solar industry’s needs for standardized data types for use in solar projects. Additional Orange Button deliverables included the development of an online data exchange to act as a clearinghouse of data that conformed to the data standard and additional solar industry data, and a Solar Data Translation Platform that could transform legacy solar project data to conform to the Orange Button data standard. All of these objectives were achieved. The Smart Electric Power Alliance (SEPA) provided program management, industry participant recruiting and convening, worked with the solar industry to define the scope of the Orange Button data taxonomy, and documented and delivered the taxonomy data requirements to funded project partners to develop both the taxonomy and the data conversion tools. Further efforts included performing extensive industry outreach and awareness to encourage adoption of the Orange Button taxonomy by the solar industry by enumerating the cost saving benefits of using the taxonomy and the public benefit of the increased use of solar energy due to increased bankability and viability of solar development projects. Solar PV panel and component prices have fallen in the last decade, while soft costs have remained stubbornly high and can account for as much as 64% of the total cost of a new solar system. Part of the U.S. Department of Energy SunShot Initiative, Orange Button enabled the creation and adoption of industry-led open data standards for rapid and seamless information exchange across the solar value chain, from origination to decommissioning. Standardizing data will reduce soft costs by making it easier to share solar data and speeding up processes. The taxonomy is a product of solar industry participants convening to identify the pain points caused by incompatible data, and to agree on and standardize data types to be used by the actors in the solar project lifecycle. This report focuses on the SEPA led first phase of Orange Button project that included industry outreach and recruiting participants for five industry working groups, widespread industry outreach to increase awareness and encourage eventual adoption of the taxonomy, and the definition of the scope, use cases, and supporting data types of the Orange Button taxonomy. The solar industry has been receptive of the completed Orange Button taxonomy. In SEPA’s work, 401 solar industry participants facilitated by SEPA defined the scope, use cases, and requirements for the taxonomy leading to over 150 taxonomy early adopters incorporating the taxonomy into their software products serving the solar industry, and several large investors and banks have started projects to enable them to utilize the taxonomy to gain back-office efficiencies. Moving forward, as the solar industry more widely embraces the Orange Button taxonomy and begins realizing the tangible benefits of adoption at scale, we expect further pressure on solar soft costs and increases in the bankability of solar projects.