Commercial solar asset management includes tracking costs, warranties and ensuring contracts, compliances, and other regulatory requirements are met. Regulatory compliances need to be met to qualify for benefits such as the Solar Investment Tax Credit (ITC) and Renewable Energy Certificates (REC).
Importance of solar asset management:
- Lowers levelized cost of electricity (LCOE) used for financial or investment planning.
- Meet compliance requirements. Prevents fees and other legal implications due to missing compliances and regulations.
- Apply preventative maintenance and increase power generation.
- Reduces risk and improves investment performance.