Community Solar Financial Optimization
Challenges
While community solar offers significant benefits, it's not without challenges. The following highlights the need for better tools and strategies to manage data, standardize reporting, analyze performance, and optimize subscriber experience in community solar projects.
Data Collection & Transparency
Effectively managing a community solar project requires data from various sources and providers, making it difficult to gather all the necessary information in a transparent and accessible way
Reporting Standardization
Reports often come in different formats, from different channels, making it challenging to standardize data and gain a clear overview of project performance.
Data Analysis & Action
Timely analysis of reports, identifying key insights (positive or negative), and taking appropriate corrective action can be complex and time-consuming.
Subscriber Churn
Customers may leave community solar projects for various reasons, both within and outside of the project's control.
Data Collection
Aggregate all available data from the asset owner, servicer(s), utility(ies), and subscriber(s) into one database.
Data Cleaning
Correct inconsistencies, handle missing data, standardize formats, remove duplicates, and validate accuracy against historical trends.
Build Project Budgets and Identify KPIs
Ensure every project has a budget (and forecast) so we can identify financial KPIs
Reports & Alerts
Deliver a reporting package and alerts based on your processes and previously identified budgets and KPIs.
Respond
Address issues flagged to enhance project profitability and optimize cash flow.
