What is solar inventory?

Solar Inventory is inventory carried by solar companies and can include: The management of solar inventory comes with some specific challenges which it shares with other highly innovative industries which experience similar demand & price volatility and technological disruption.

What are the best techniques for solar inventory management?

The best techniques for solar inventory management are the Reorder point formula, Consignment and Safety Stock. Solar Inventory includes inventory management of solar modules, solar cells, PV materials, solar paste, silicon wafers, frames, backsheets, junction boxes, PV glass, PV Equipment, PV connectors and racking & mounting.

Why is solar inventory management so difficult?

The volatile nature of the solar industry makes Solar Inventory management a challenging task. Excess solar inventory can very quickly be made obsolete by new technology. Solar inventory can also get devalued because of frequent price drops.

Do solar panels add value to a property?

The value of solar panels depends on their age, performance, and any remaining warranties. Independent appraisers may need to evaluate how much the solar system contributes to the overall property value. For potential buyers, energy savings are a powerful motivator.

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.

Why is inventory management important in the solar industry?

And so, an important objective of inventory management in the solar industry is to track inventory not only across multiple warehouses but also across multiple trucks, which themselves, can be considered as mini-mobile stores.