NetSuite for Renewables Companies

What is NetSuite for renewables?

NetSuite for renewables is a cloud-based ERP solution that helps renewable energy companies manage project planning, procurement, inventory, financials, subcontractors, billing, and reporting in one unified system. It supports solar, wind, battery storage, EV charging, and other clean-energy business models.

Benefits of NetSuite for Renewables Companies:

• Real-time project financial visibility
• End-to-end procurement and supply chain control
• Automated billing and revenue recognition
• Unified asset, inventory, and component tracking
• Accurate forecasting and resource planning

NetSuite provides the scalability needed to support rapid growth across the renewable energy sector.

NetSuite Inventory for Renewables

NetSuite inventory for renewables extends beyond standard inventory management to include serialized asset tracking, warranty tracking, component aging, and maintenance scheduling.

Examples of items renewable companies track include:

• Solar modules
• Inverters and microinverters
• Batteries and storage systems
• Cabling, racking, and hardware
• Turbine components
• EV chargers
• Spare parts and service kits

Accurate inventory management ensures projects stay on schedule and within budget.

NetSuite CIS for Renewables

For companies operating in regions where the Construction Industry Scheme (CIS) applies, NetSuite CIS for renewables can support subcontractor verification, withholding calculations, and reporting requirements.

Key functions include:

• Automated CIS deductions
• Subcontractor validation
• Compliance reporting
• Integration with subcontractor billing

This helps renewable companies stay compliant with local regulations.

NetSuite Application for Payment for Renewables

NetSuite application for payment for renewables supports structured billing formats used in large renewable construction projects.

Capabilities include:

• Progress-based payment applications
• Customizable contractor billing templates
• Integration with retainage and contract values
• Approver routing and documentation tracking
• Detailed cost breakdown summaries

This feature helps renewable companies maintain consistent billing practices across all stakeholders.

Project Management for Renewables NetSuite

Project management for renewables in NetSuite supports engineering teams, construction crews, procurement specialists, and project managers by delivering real-time visibility into progress, risks, dependencies, and cash flow.

Capabilities include:

• Multi-phase project tracking
• Custom dashboards for project managers
• Installation progress reporting
• Integrated billing and time tracking
• Cost control and variance tracking

Anchor Group tailors these tools specifically for renewable project workflows.

NetSuite for Renewables FAQs

How does NetSuite support inventory management for renewable energy projects?

NetSuite inventory management for renewables allows companies to track components such as solar panels, inverters, batteries, turbines, and EV charging equipment across multiple warehouses and job sites. Features include serialized tracking, transfer orders, demand forecasting, and job-site allocation.

How does NetSuite manage subcontractors in renewable energy projects?

NetSuite subcontractor management for renewables centralizes subcontractor contracts, certifications, compliance reminders, time entry, and pay application workflows. It helps ensure subcontractors meet safety, licensing, and performance requirements across all project sites.

Does NetSuite support CIS requirements for renewable projects?

Yes. For companies operating in regions that follow the Construction Industry Scheme (CIS), NetSuite can be configured to support subcontractor verification, withholding calculations, and CIS tax reporting. This is beneficial for renewable construction companies working internationally.

Does NetSuite support payment applications for renewable projects?

Yes. NetSuite application for payment for renewables allows companies to create structured billing documents, progress payment requests, retainage calculations, and approval workflows that align with renewable project milestones and contract values.

Does NetSuite support AIA billing for renewable projects?

Yes. NetSuite AIA billing for renewables supports progress billing structures similar to AIA G702/G703 formats, including retainage tracking, contract schedules, percent-complete billing, and change order integration. Anchor Group configures customized AIA-style billing templates for renewable construction and installation projects.

What is NetSuite project inventory control for renewables?

NetSuite project inventory control for renewables links materials and equipment directly to specific project tasks or cost codes. Companies can track usage, monitor shortages, schedule deliveries, and ensure accurate job costing. This prevents material waste and improves installation efficiency.

Anchor Group helps renewable companies like yours implement NetSuite

Our team here at Anchor Group provides NetSuite implementation, customization, inventory configuration, procurement automation, subcontractor workflows, billing setup, dashboard creation, and ongoing optimization explicitly tailored for renewable energy companies.

To get started, request a consultation