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Solar Balance of System Proving Increasingly Important

 
Balance of Service (BOS) manufacturers are suddenly accounting for 68 percent of the total costs for the average solar photovoltaic (PV) project, whereas in 2008 67 percent of the total cost was spent on the PV module itself.

“BOS manufacturers around the globe are being challenged to offer products at reduced prices, in addition to providing value-added benefits like professional engineering services, highly integrated components and lengthy, robust product warranties,” said MJ Shiao, co-author of a report published by GTM Research, which looks at BOS markets, BOS component innovation, and the survivability of current leading BOS manufacturers.

“Our report examines each of the BOS product segments, its key players, market forecast and potential game-changing innovations that will drive success.”

Solar Balance of System Increases in Importance

The report finds that some BOS manufacturers will find it difficult to “successfully navigate the next few years” as they “are tasked with a difficult set of objectives in order to grow profitably and succeed in a marketplace that expects them to deliver on highly aggressive cost targets within a short period of time.”

“This report is bullish on the BOS industry’s capability to deliver on promises of cost reduction,” said Stephen Smith of Solvida Energy Group and the report’s lead author.
 

 
“The advent of technology decision-making based on historic system performance is upon the industry, which will result in maximum system performance and long-term operation. The cost pressure will also push many existing BOS players to the edge, and the eventual industry landscape will be less crowded, more realistic and more grounded in actual data than marketing claims. Coupling this with diminishing solar incentives — the anticipated reduction in BOS costs will result in a more predictable and investment-ready industry.”

Source: GTM Research via Greentech Solar

 
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