Solar energy is the poster-child of the new, environmentally friendly, economically feasible world of the 21st century. Lightning-fast technological innovation in the private sector and complementary government tax credits have brought about the rapid ascent of the low-impact energy source, much... Read More
It’s been a few weeks since the announcement of the “historic” COP21 agreement, wherein a majority of the world settled on goals for mitigating and adapting to climate change. Since then, I’ve been asked by countless family members at holiday gatherings how my experience in Paris was and what I... Read More
September 29, 2015 | What a Solar Asset Management Team Can Do for Your Business
Once your company has decided to go solar, it's time to think about how you are going to manage the installation and upkeep of your solar power system. Since solar isn't your main business but rather a way to cut costs and help the environment, you shouldn't be expected to handle all the details surrounding your solar installation. Too often companies try to keep their solar asset management in-house, and wind up spending more money than is necessary for the installation and management of their solar power. The good news is that you can outsource your solar management to a team of experienced professionals who have an in-depth working knowledge of solar power for business, including how to maximize a business's ROI.
Here are 5 benefits of having a solar asset management team.
1. Attention to Detail
A solar asset management team knows what to watch out for during your installation and will take care of every little detail, including ones that you probably aren't even aware of. The details related to your building and project influence how your solar panels are installed, and the solar asset management team will be able to determine which installation type to use for your business. An outsourced solar asset management team can tailor a plan for your business so you get the service you need for your particular project.
2. Financial Strategy
Solar asset managers are experienced at figuring out and executing the right financial strategy for business owners who are going solar, so that businesses can maximize their ROI. Your solar asset management team will take several factors into account including:
- Project accounting
- Taxes and audits
- Reporting and regulatory management
- Contractual compliance
- Risk management
- M&A transactions
Your solar asset management team won't leave you hanging after installation is complete. They will also be there to help you with routine maintenance, including preventative maintenance, corrective maintenance, vegetation and soiling control, and security, all with a performance guarantee that ensures that your business is only getting the best solar maintenance available, so you can focus on running your business.
Some companies opt for in-house solar asset management from employees who know something about solar energy, but who lack the experience and certifications that come from an outsourced solar asset management team. Hiring a team that specifically specializes in solar asset management and has performed hundreds of installations means that your energy system will be in the hands of experienced professionals who will be able to keep your business's solar power running smoothly without lapses. Further, turning to an outsourced solar asset management team will save your company money in training, hiring, and certifications, not to mention all the added costs that come from keeping an in-house team employed. An outsourced team can work with a point person within the company to stay on top of the technical and financial details to maximize your business's ROI.
5. Decreased Risk
The risks associated with transitioning from electric to solar power are greatly minimized or altogether erased when companies work with a solar asset management team. This is because a solar asset management team will be able to foresee potential problems, fix maintenance issues quickly and efficiently, and work with you to keep your costs down and maximize your ROI.
You're turning to solar power to save your business money and to create a sustainable environment for your employees. You shouldn't need to worry about the details surrounding your solar installation and maintenance. Having a solar asset management team on your side means you can get back to doing your job, with the assurance that all of your solar needs will be met in a timely, efficient manner. By outsourcing the management of your solar assets you’ll have the help of professionals who know exactly what needs to be done to maximize your ROI and keep your solar power running as it should.
For information on how we can help your business, contact us today.