Powering Profitability: The Importance of Solar Asset Management

The installation of rooftop solar photovoltaic (PV) panels on commercial premises has gained momentum over the last decade. That’s because solar panels are a sustainable, accessible and proven way to increase the value of commercial properties while significantly reducing carbon emissions and energy costs for both landlords and tenants.

 

For landlords with large or multiple solar installations, maintaining and overseeing the management of the PV installations and systems is critical – not only in helping maximise energy production and reducing lifecycle operational costs, but enhancing return on investment (ROI) and profitability of the solar investment.

 

Historically solar PV systems were sold as a ‘plug and play’ solution, and whilst they are relatively low maintenance it’s worth implementing a Solar Asset Management (SAM) strategy to optimise performance and profitability and reduce downtime and costs. 

 

 

What is Solar Asset Management (SAM)?

SAM is a proactive, continuous process of operating, monitoring, and maintaining PV systems to ensure optimal performance. The ultimate goal is to maximize ROI by keeping the system running at peak efficiency, which, in turn, enables maximum power generation and consistent cost savings.

 

SAM typically includes tasks such as monitoring the PV system's performance, troubleshooting any issues that may arise, and making necessary adjustments to optimise the system's output. In some cases, solar asset management may also involve repairing or replacing components of the PV system that have become damaged or worn out.

 

 

Why is SAM important?

 

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  Ensures investment longevity: Solar panels are a long-term investment. SAM helps preserve the asset by proactively identifying and preventing issues, ensuring performance remains high for years.

 

• Maximises ROI: Regular monitoring and maintenance of the PV system ensures it continues to generate electricity consistently. If the system isn’t working at full capacity, you lose potential savings and profit. SAM ensures the system’s efficiency is optimised.

 

• Minimises risk: Solar PV systems represent a substantial financial commitment. Effective asset management mitigates risks related to system failures, severe weather, theft, or vandalism, safeguarding your investment.

 

 

Plug Me In’s Operation and Maintenance (O&M) Services

 

At Plug Me In, we offer tailored O&M contracts that provide all the support necessary to keep your solar system operational, efficient, and compliant. Our standard service includes aa full annual service and access to our technical support team and helpline, with additional services available as needed.

 

 

Our O&M package includes:

 

Real-time monitoring

 

Solar panels can experience performance degradation without apparent signs. We recommend real-time monitoring systems, particularly for installations over 30kW, as this enables us to detect issues early and maintain consistent performance. Real-time data offers insights into faults and inefficiencies that could otherwise lead to costly downtime. Our monitoring systems can be retrofitted to any installation, regardless of whether we originally installed it.

 

Preventative maintenance and repairs

 

Our approach goes beyond simple repairs. By regularly inspecting and maintaining the system, we prevent issues before they affect performance. Our skilled engineers and technicians are experts in fault detection and repair, ensuring minimal downtime.

 

Inverter replacement

 

Inverters are a vital component of PV systems. Our experienced technical team works with all inverter brands and models, ensuring swift replacements whenever necessary. This service keeps your system running smoothly, regardless of the inverter type.

 

 

Professional cleaning

 

Dust and debris can significantly reduce solar panel efficiency. Annual professional cleaning removes lichen and other contaminants, optimising energy production.

 

 

Partner with Plug Me In for peak performance

 

 

As the clean energy sector continues to grow, Plug Me In is here to help you make the most of your solar investments. Let us be your trusted partner and help you thrive in the growing clean energy space by ensuring every asset is performing at its peak and sites are optimising their ROI. Get in touch today to find out more!