Very interesting findings from IHS demonstrating a clear shift in the attitude of purchasers of PV inverters from a price orientated approach to one focused on quality. The phrase "The bitterness of poor quality remains long after the sweetness of low price is forgotten” springs to mind. In a maturing market much more attention is made to the ongoing O&M costs over the lifetime of a project and choosing a quality inverter at the start of a project will no doubt cost a lot less in the long run.
For the second year in a row, 'higher PV inverter quality' was the most selected reason for a PV inverter supplier to become a customer's preferred brand according to the latest update to the IHS PV Inverter Customer Insight Survey. Given that three years ago, 'lower price' was the most important reason, the shift in priority to higher quality indicates a growing maturation amongst PV installers, distributors and EPC's who are much more focused on selling and installing solar equipment that lasts for the expected project lifetime and performs correctly. Nowadays greater emphasis is placed on operations and maintenance (O&M), rather than upfront cost, and this has caused a mind-shift amongst purchasers to not always choose an inverter purely based on price alone.