What are the benefits of solar panels in factories?

Solar panels harness energy from the sun and convert it into electricity. Solar panels are gradually becoming a mainstream energy source for a range of industries. Manufacturing is among the industries consuming a great deal of energy. Factories consume a significant amount of energy, owing to heavy machinery and equipment used for the production process. But factories have large, flat, unobstructed roofs that serve as ideal spaces for industrial solar panel installation. Solar panels installed on roofs are an effective solution to meet the rising energy demands of factories.

The good news is that solar panels are now more affordable than before and small and medium-sized businesses are increasingly looking at installing solar panels. There are different solar models that businesses can leverage like CAPEX, OPEX or BOOT models depending on their financial capabilities. Let's explore the benefits of solar installation for factories in this article.

Key benefits of solar installation in factories

Solar panels have already become a reliable energy source for many industries. If you own a factory and are contemplating installing solar turnkey solutions, the benefits listed below will convince you to make an appropriate decision.

1.  Reduction of electricity bills

A factory consumes a lot of electricity to power heavy equipment and interior and exterior lighting. If a factory is relying on conventional energy sources for powering heavy equipment all year round, the energy costs will easily add up to exorbitant amounts. Industrial solar installation serves as an ideal solution for reducing electricity bills. The tariff rates of solar power are cheaper than conventional electricity. Plus, the maintenance costs of solar panels are also low. Solar panels are thus a cost-effective energy alternative for factories. 

2.  Fixed cost solution

The fluctuating electricity rates are a nightmare for every factory owner. The rising rates especially during peak production periods mean lower profits for manufacturing businesses. Solar panels can effectively combat this challenge. It is a fixed-cost solution that protects your business from rate fluctuations. Energy costs are stable and predictable, helping factory businesses plan their finances better. 

3.  Government support through incentives and tax credits

The government offers tax credits to businesses to boost solar installation in the country. By going solar, factories will benefit from the incentives and save money on installation costs. The reduction in electricity bills plus government support during installation adds to significant savings for factories in the long term. 

4.  Earn money by selling surplus power

Electricity usage in factories may not be uniform throughout the year. Less electricity may be consumed during low production periods which means there will be surplus power if you have installed a solar system. This power can be added to the grid and solar system owners can earn money with net metering facilities. 

5.  Reduced fossil fuel consumption

Factories are responsible for air and water pollution in many other ways and the reliance on fossil fuels for electricity generation adds to the environmental impact. Factories can reduce their carbon footprint by switching to solar and reducing fossil fuel consumption. From a business standpoint, 21st century brands place a lot of emphasis on projecting an image of being an environmentally responsible business, because that’s one of the criteria for their customers while choosing who to give their business to. Working with a manufacturing partner that aligs with 

6.  Protect the roof

Installing solar panels on the factory rooftop will help keep the roof cooler. The panels will absorb the heat and act as a protective shade over the roof. 

Once you cover the initial costs of installation, you will spend very little on maintenance and repair. However, manufacturing businesses will require large solar installations for the impact to be significant. It is recommended to consult a professional solar EPC company in India to complete the installation. Solar EPC companies will ensure the installation is tailored to your energy needs.

Tech Solar is a premier solar solutions India company specializing in rooftop and ground-mounted solar installation. We have experience catering to multiple industries and have a proven track record. Contact us today to get your solar installation done by professionals.