Do solar panels have a financial return on investment?

The financial return on investment from a solar project is directly related to the performance of the solar asset. Solar panels degrade over time and lose their efficiency. To maximize ROI, it is important to monitor and manage the performance of solar assets throughout their lifetime.

What is solar asset management?

Solar asset management includes activities such as monitoring the performance of individual assets, scheduling maintenance and repairs, and managing financial risks associated with the ownership of solar assets. It is a critical part of ensuring the long-term viability of any solar energy project.

How to manage solar assets effectively?

The first step in effective solar asset management is understanding the different types of solar assets and their key characteristics. Solar panels and inverters are the two main types of solar assets, and each has its own unique set of performance metrics that need to be monitored.

How can a solar asset manager improve the performance of a PV system?

This is done by optimizing energy production and reducing operational and maintenance costs, which also extends the lifespan of PV equipment. Solar asset managers use data analytics to monitor PV system performance in real-time to achieve these goals.

Who should invest in solar PV?

Stakeholders in the industry, whether strategic or financial investors, have been crucial for the continuous growth of solar PV and have sustained high expectations as to the ultimate performance – both operational and financial – of solar plants.

Who participates in the financing of solar projects?

Developers, independent power producers, solar panel manufacturers, engineering, procurement, and construction (“EPC”) contractors, utility companies, financial investors and, more recently, commercial and industrial end-users all participate in the financing of solar projects in different manners and at different times.