Solar Power matches the rate of conventional energy (Achieve Grid Parity)
Solar Power provides a sustainable and long term solutions to the power shortage and long power cuts faced by Industrial entities. Solar Power is already cheaper than Grid Power for commercial consumers in most of Indian states.
Solar roof top solution for industries are suitable for all types of roof top(flat or thatched) and can power all types of plant machinery, office equipments including air-conditioners.
Industries benefitting : Solar power is beneficial for –
- Food Processing
- Cold Storage
Who must urgently install Roof Top Solar Power?
An Industry which has:
- Abundant and unutilized roof –top (Min. 100 Sq. Ft.)
- Heavy Power Bills with high Tariff rates (say more than Rs. 15000 per month and having an effective power rate is > Rs.6/Unit which is bound to increase YoY )
- Insufficient and uninterrupted power supply (say not more than 4-6 hours per day during day time)
- Using Diesel Gen-Set to power machinery, which on an average costs approximately Rs.16/unit & going to increase in the coming days due to change in Government policy.
- Paying heavy Income Tax (say > Rs. 3-5 Lakh per annum)
Solution is Setting Up of Roof Top Solar Power, Because of Following Reasons:
|1.||It protects your business from escalating energy bills and costly peak demand rates.|
|2.||It reduces your dependence on Gen-set and results into reduced operation cost.|
|3.||It is easy to install with well proven technology, affordable and has huge long term benefits.|
|4.||Solar plant on your industrial unit’s roof top is a profitable investment with a payback period of 5-7 years with a return on investment of over 15% and assured returns for more than 19 years.|
|5.||Life of Solar Panel is 25 years (with Warranty) which ensures virtually free power after payback period of 5-7 years.|
|6.||Your entity would be eligible to claim benefit of Accelerated Depreciation @ 80% as per Income Tax Act, 1956, during the very first year of installation of solar power or else it can be carried forward, which also results into a financial gains.|
|7.||As the Roof Top Solar Power Plant is Grid Connected, therefore it does not require battery back-up as Grid act as a back-up in case sun rays are depleted. On the other hand, if the solar power generated is not utilized than it will feed back to grid and results into reduced conventional power bills due to “Net Metering”.|
|8.||Unlimited free supply of key ingredient-Sunlight and low dependency on Grid as you has your own power house on your industrial unit’s roof top.|
|9.||Solar System has no moving parts, therefore require minimal operation and maintenance (O&M).|
|10.||Solar Power projects fall under the defined activities of CSR.|
|11.||The eco-friendly stamp for your Business/Profession.|
|12.||As compare to conventional power projects solar power projects don’t require huge funds since their size is usually small at between 1 MW to 50 MW.|
|13.||Limited risk and assured returns over a long period make solar power attractive.|
|14.||Solar Power has a very little downside due to shorter execution period.|
|15.||100 KW system Generates approx. 1,60,000 units in a year|
|16.||Saves Rs. 10 Lakhs to Rs. 15 Lakhs per annum in electricity cost.|