UPDATED — Solar Business Operations: Safeguard Your Business — Navigating Insurance & NEM Updates to Mitigate Business Risk
April, 2023 UPDATE
The Net Billing Tariff — commonly known as NEM 3.0 — has taken effect. Please visit our NEM 3.0 resource page all the latest information. Here are some quick links for further reading:
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Original blog below
How might NEM 3.0 and solar tariffs impact your business? What are some of the important insurance coverages you should consider? In this post we’ll explore some of the critical factors that affect your solar operations and how to best mitigate potential business risks and liabilities. This month, in conjunction with The Current, Aurora’s weekly newsletter, we’ll be covering solar business operations strategies that can help streamline your processes and performance. In this blog we’ll touch on the importance of insurance before diving into what’s happening with NEM.
As a solar contractor, you know better than anyone that your business is vulnerable to a range of possible risks; from residence damages to worker injuries, to even a truck running off the road. This article discusses important insurance considerations for solar contractors and specific coverage types to protect your business.
You’ve likely heard about rapid shutdown requirements. But what are they and do you know how to comply? In this article, we tackle what you need to know to design safe and legal PV systems in areas with these requirements.
With NEM-3 finalized, it’s time to look forward. Check out this webinar to see how you can take advantage of the IRA, and keep your company strong during uncertain economic times.That’s it for this week. In our next article, we’ll examine some resources that can help you recruit the best talent for your teams, keep that talent around for the long haul, and ensure an inclusive work environment with plenty of advancement.