
With ever-growing energy needs, factories in India are seeking efficient, sustainable power sources to reduce their reliance on traditional electricity sources. Commercial rooftop solar solutions are among the most efficient and environmentally sustainable solutions for manufacturing and other industries today.
In this blog, we discuss the reasons why rooftop solar systems have become an indispensable element of the country’s industrial energy policy.
Close to half of India's electricity is used by the industrial sector, and thus, power expenses are among the most significant operational costs for factories. In certain areas, with regular tariff increases and unreliable power supply, there is growing interest in factories switching to relatively cheap rooftop solar solutions for a dependable, affordable source of energy.
Solar energy is a long-term solution with minimal maintenance requirements. Solar panels are ideally placed on the spacious roofs of factories, enabling entrepreneurs to generate their own clean energy and increase energy efficiency. Moreover, there are government incentives, such as the net metering policy and accelerated depreciation benefits, that make it an even more attractive investment.
The cost of commercial rooftop solar installation for factories is determined by a variety of factors, such as the system size (in kW or MW), solar panel type, inverter quality, and structural design. The cost can be lower for large-scale installations (above 100 kW).
Factories can cover their investment costs through various state and central government subsidies and net metering.
One should know the return on investment (ROI) before investing in any solar project. ROI here primarily relies on energy consumption, local electricity tariffs, system capacity, and the availability of sunlight.
A commercial rooftop solar solution usually delivers an impressive ROI of 20-30 per cent in a single year. For example, the payback period would be about 4-5 years if a factory spends 1 crore on solar installation can save 20-25 lakh on electricity bills every year. The system will then produce free electricity for another 15-20 years after this period.
Installing a solar power system in your factory requires careful planning and execution. The breakdown of the process is as follows:
Implementing affordable rooftop solar solutions has several benefits. Some key benefits include:
Go green and reduce your operating expenses by investing in long-term energy independence by using rooftop solar for factories in India. Make the first move towards a sustainable future by switching over to using solar energy.
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