If your business has high electricity consumption and you do not want to pay high bills to your electricity provider, solar power plant setup can be a smart choice for your business. A business always looks at every aspect of financial expenditure. As we know, per unit rate of electricity is increasing every year from the local power grid. The use of DG (Diesel Generator) is also very expensive due to the rising cost of diesel every year. So we can install solar power to save money for the next 25 to 30 years.
Powerful Profitable Scope of the solar power plant for home and business
Why should you read this article: If you have businesses like a factory, institution, hospital, school, cold storage where your electricity consumption is high, and then this solar energy can be beneficial. Reading this article can help you understand why setting up a solar power plant for your business and homes can be a smart choice.
If we have a grid and DG for my business then why should we install a solar power plant?
Solar Power Plant Setup is one-time investment plan. If you are investing in a solar, your investment will return within a few years. If you use solar energy, your bill payment will definitely be lower.
It has many advantages. First of all, it will give you regular power. If your local power grid shut-down due to any condition, the solar power plant will supply you with regular power without any interruption. If your load consumption is lower than your installed solar power plant then the extra energy produced by your solar power plant will be purchased by the local power grid.
Solar energy is one of the best free sources of energy. Installing solar power plants much better these days. When you install a solar power plant, you can use up to 8 hours of free electricity by free source energy. Why it will be free … because you do not need to feed fuel to run your solar power plant. It works directly through the sunlight. Solar energy is becoming the best choice of free power these days.
Solar is compatible with any type of building. Nowadays, solar is being used in industrial, commercial and residential. If you are troubled by load-sharing in your area, then you can get rid of it by using solar energy. Solar has the ability to run your businesses and homes by its electric power. At the same time, it also keeps the environment optimized.
How much profit is it to install solar power plants for businesses?
If you have a business, it means that you will pay the commercial rate for the business. The commercial rate is always high. A residential rate is little low. Installing a solar power plant for business is always a smart choice for business.
A solar power plant is particularly beneficial for a business whose operating hours are only in the day. Solar is almost active for 8 hours a day, so if your electricity loads consumption is only in the day it means that you will save 80 to 90 percent of your electricity bills.
Installing a solar power plant will give you the freedom of using free electricity. If you install solar power plants, then you do not have to depend on your local grid.
Your investment in a solar power plant can give you the return within a short period of time. ROI (return on investment) depends on the current rate of electricity and project cost. Generally, ROI comes out within 5 to 6 years.
The lifetime of the solar power plant is 25 to 30 years which is one of the plus points of your investment. If you compare your thermal power rate, the maintenance cost is almost negligible.
Who will help you to install a solar power plant for your business?
Installing solar power is not as easy as it seems. It is important for a business to install solar power through experience companies. Solar Power Plant performance depends on its panel tilt angle and types of equipment fitting. Incorrect installation cannot perform efficient performance as it is expected. You should hire a professional solar company who can tell you everything about profitability according to your business compatibility.
Get the offer and understand everything. Nowadays, most of the businesses are setting up a solar power plant to save money. This will also help the environment.
There are less maintenance and reliable service in the solar power plant setup
Once you install a solar power plant, the solar power plants equipment will need minimal maintenance; Keep checking it regularly, especially if the battery is not being used. This system will provide a lot of comfort for 25 to 30 years in case of power generation. Nowadays, most solar panels are offering 25 years of warranty.
Solar power plant installation process by the solar company
Call solar companies there are many companies in the market which claim to install solar power plants. But make sure to go to the right solar companies, I mean consult with professional solar companies. There are many solar companies in the market but you should find solar companies with a successful track record of solar panel installation.
They will come to your site and check electricity consumption; accordingly, they offer you the proposal of the power plant.
After the work is confirmed, they usually take 5 days to install a 10-kilowatt power plant. But it depends entirely on the availability of the products.
Solar power plant cost in India
If you are installing solar power plant in India cost may vary place to place. When we break the cost of various components for a simple on-grid(grid-tied) rooftop solar power plant, the PV module alone is about 50% of the total cost, after which the inverter costs 25% and rest of the system (cables etc.) 17% is at cost. Installation cost for a typical roof PV plant is approximately 8%. Without any storage facility, a normal 1-kilowatt plant costs up to Rs 75 lakhs. However, the cost of a 100-kilowatt plant installed by a solar power plant developer can go up to 48-80 lakh depending upon the arrangements.
Zero Investment Solar Power Plant for Business: RESCO Model
If your electricity consumption is more than 200 kW then the RESCO model is applicable to you. In the RESCO model, you do not have to invest in your solar power plant. There are investors who are ready to invest in your solar power plant. They will sign a contract for 10, 20 or 25, which can be a mutually beneficial business for both parties. This is a win-win situation for both. If you have such a factory, a business park or barren land, you can contact them. Contact energy experts now for more information.
A solar power plant can reduce your operating costs
The solar power plant can reduce or even eliminate the electricity bill of your office building. For large and small businesses, this money-saving effect can be very beneficial. To establish a solar power system, it is equivalent to prepaying for about 30 years of the electricity bills. Your current electricity per unit cost is more than investing in solar power plants. This results in more savings for your business.
For more information, you can call the Solar energy advisor