As of 2020, India generated 10 GW of solar energy, which increased to 40 GW in 2021. With the National Solar Mission gaining traction in the Indian market, it is safe to say that the solar industry is booming and is looking for solar business software to face the competitive market.
5 Challenges in the Solar Business
Global companies are tapping into the solar market in the country, while many Indian companies are already tackling challenges head-on. However, with rapid growth, challenges like land acquisition, policy systems, and more discussed below are becoming more evident.
1. Expensive initial costs
When venturing into the solar industry, the upfront payments needed to establish an ecosystem for solar energy are high. This includes the expenses made for purchasing solar panels and labor costs. Most importantly, high-end tech and solar management software also call for more payments.
2. Integrating solar power
The infrastructure for solar panels is mostly lacking in areas where existing electrical systems are running smoothly. Integrating solar grids into current electrical grids means burning a hole in the pocket, as upgrading is costly.
3. Land requirements
Solar industries are looking for suitable pieces of land to set up their solar farms. However, acquiring enough land or rooftop space is a severe issue in cities where the population is high.
4. Supply chain hierarchy
Since the solar industry is still taking shape in India, there are still gaps in the supply chain systems. Companies are still learning and building networks with others with the equipment. Once the supply chain hierarchy is established, companies can avoid downtime and provide maximum solar power.
5. Technological advancements
Without a doubt, only those companies that embrace new tech in the solar business will survive in the future. The demand for good solar business software has skyrocketed as the leading players in the solar industry race to remain at the forefront. Finding effective solar management software is currently a challenge.
3 Functions of Solar Management Software
Solar business software is your all-in-one solution in the solar business. It comes with multiple functionalities that streamline operations and maintain existing configurations. It provides the following, to name a few:
1. Real-time performance management
The solar business software works in real-time to understand the performance of solar panels. It continuously checks that the solar panels produce the expected energy and recognizes and fixes those not working properly.
2. Analysis of historical data
The software stores all information in the database, focusing on performance so that you know which solution can be applied and when. It identifies areas that call for improvement and trends that can give a futuristic makeover to the panels.
3. Asset and finance management
The software protects assets by maintaining an inventory of spare parts, checking warranties, and making required equipment replacements. It also studies the breakthrough ROI and assesses the economic viability of upcoming solar projects.
5 Benefits of Solar Management Software
The key reasons you need solar business software are:
1. Successful operations
The software minimizes downtime and maximizes energy production. It automatically detects errors, fixes them, and reduces the number of on-site visits. Your entire solar business can stand alone successfully.
2. Regulatory compliance in the industry
The software completes the needed formalities and documentation, giving you the green light to run your business and qualify for incentives and subsidies.
3. Cost-effective operations and more savings
The data analysis on the software helps in decision-making by forecasting. This improves your chances of getting higher ROI in all your solar projects.
4. Remote management
Thanks to the software, you could be vacationing in Italy and still manage your solar assets and check the operations of multiple locations.
5. Customer service optimization
Solar management software helps you serve your clients and audience much better. It supports a transparent work atmosphere with the goal of increasing repeat customer rates. Zuper is one such platform with the needed features for solar business management.
The future is bright!
Whenever there is a business opportunity in any field, you will find multiple companies in line ready to dominate the market. The solar industry is no different. Yet, you can pave or lead the way with Zuper and dominate the solar industry—Book a demo.
