Cost of asset management without automation

The table below calculates your annual soft costs from reporting and data management.  Soft costs are the costs associated with the time and effort to operate and manage solar deployment. In the first quarter of 2017, soft costs accounted for 68 percent of residential system costs, 59 percent for a commercial system, and 41 percent of a utility-scale system. …

Market Drivers for Asset Management Software

Asset management software are a recent invention to the renewable energy industry. They provide automated processes and analyses to allow asset managers save ample time and money in administrative, compliance, financial, and documentation activities. In fact, a centralized asset management software may save managers hundreds of thousands of dollars in direct and indirect costs. The paragraphs below explain several market …

Are you getting the most out of your asset reports?

Asset reporting is critical for the proper management of renewable energy assets. It’s important to keep a high level view of your facilities’ performance so you can spot a weak turbine or a poorly managed maintenance activity before it hurts your bottom line. A good strategy for this is to generate recurring reports that summarize the asset’s performance on a …

Top 5 reasons why successful solar & wind asset managers use software

Managing a renewable energy asset involves more than managing on-site activities. If you’re an asset manager, you know that your days are busy switching between many different tasks and collaborating with many stakeholders. Centralizing your data and task management has the opportunity to save you a significant amount of time. Arbox Hap® is an asset management platform that covers renewable …