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Conducting technical due diligence before a purchase or acquisition is crucial for minimizing risk and controlling operational costs. It ensures that you fully understand the technical, financial, and legal aspects of the asset you're considering.
So, should you do this work internally?
One major advantage of handling it in-house is cost—especially if you have consistent work to keep your team busy. However, if the workload is sporadic, maintaining a full-time team can become expensive, as you’ll still be paying their salary when they’re not actively working on projects.
That’s where outsourcing comes in. For most companies in the solar industry, especially those with fluctuating project volumes, outsourcing technical due diligence is often the smarter choice.
Here’s why:
1. **Access to a wide range of specialists**
From electrical and structural engineers to construction managers and performance analysts, outsourcing gives you access to experts in every relevant field without the need to hire them all in-house.
2. **Scalable resources**
Technical due diligence isn’t always steady work. With an external partner, you can scale your support up or down based on your needs, ensuring you only pay for what you use.
3. **Cost-effective**
If you don’t have a constant flow of projects, outsourcing allows you to pay only when you need assistance. This model is particularly beneficial for mid-sized companies that may not justify full-time engineering staff.
4. **Reduced travel costs**
A trusted consultant with a nationwide or global network can quickly mobilize and visit sites efficiently, saving both time and money compared to managing internal travel logistics.
5. **Faster turnaround and higher quality**
External teams are often more focused and experienced in conducting due diligence, which leads to quicker results and more accurate assessments.
Outsourcing doesn’t mean you lose control—it means you gain flexibility, expertise, and efficiency. At Pure Power, we specialize in technical due diligence for solar and energy storage projects, providing fast, high-quality reviews of design, construction, and performance data. Our team helps identify hidden risks and potential costs before you make a major investment.
Whether you're evaluating a single site or a large portfolio, partnering with an experienced third-party firm like Pure Power can save you time, money, and long-term headaches. Let us help you make informed decisions with confidence. Contact us today to learn more about how we can support your next project.