Electrical bills are one of the major overhead costs faced by most organizations. Businesses reliant on commercial power grids deal with electric rate fluctuations regularly. Enterprises are at the mercy of electric Power Distribution Companies ( Discoms) every time and sudden increases in energy prices bring a lot of uncertainty. Enterprises require electricity for more than just lights. They need electricity for operating equipment, machinery, and more. One might think investing in energy-efficient devices will do the job of reducing energy costs. While this may help to a certain extent, it is not a long-term solution. With non-renewable energy sources like fossil fuels depleting faster, it makes sense for enterprises to switch to renewable energy sources for their electricity needs.
Solar PhotoVoltaic
Plant installation or Solar Power Installation has emerged as a practical solution to generate electricity and maximizes benefits in the long run. Before investing in a solar plant, enterprises should evaluate their energy needs and assess the long-term viability of the solar system. Nevertheless, partially or fully switching to solar will yield long-term benefits as the life of the system is over 25 years. It is recommended you hire a professional Solar Engineering Procurement & Construction (Solar EPC) company to make the most of your solar installation. This article will explore the enterprise-level benefits of commercial solar installation.
Advantages of commercial solar installation
Here is a quick overview of the main advantages of Residential, Commercial & Industrial solar installation:
1. Reduce operating costs
An enterprise incurs many expenses like wages, property maintenance, and utilities. Electricity costs, on top of that, are a huge burden for many enterprises. Switching to solar power will bring down overhead costs of electricity bills significantly. For power requirements of large residential / commercial and industrial entities a Solar On-Grid Power Plant is the optimum solution, here the Solar power is an augmentation of power. It will be another source of power along with your Electrical Grid power. By installing an On- Grid Solar power plant you will augment a significant Percentage of your power requirement from Solar power.
2. Protection against changing rates
Solar Power generated electric units will protect you from short-term or long-term increases of discom electricity rates. Discom Electrical bills are increasing year on year. Solar plant installation is a one time cost that will ensure a power supply for over 25 years without any escalation of per unit rate produced from the solar plant plus, the cost of maintaining a solar Plant is very cheap.
3. Increased energy resilience with Solar + Battery Storage Systems
Solar installations with Battery Storage technology enable sustainable production of electricity onsite. In the event of an outage or a highly unstable electricity grid, enterprises can safely rely on solar power systems with battery back up, especially for those companies/industries that use Diesel Generators to run their premises during power cuts. Where Discom power fails, solar power can come to your rescue. Electricity can be produced, stored, and used throughout with the help of solar systems independently functioning as a microgrid. Solar systems come with a battery backup that facilitates emergency preparedness for businesses operating off the commercial grid. Your cost of fuel used in DG Sets will also significantly reduce.
4. Green energy asset
By installing a solar project, you come across as an environmentally responsible organization. Going solar is not just about cost savings through electricity & tax benefits. Solar plant installations ensure your company is doing its part to reduce adverse environmental impacts. Commercial solar power reduces a property’s carbon footprint. Various Consumers favor businesses making eco-conscious decisions and solar installation is a visible commitment to greener business practices. Customers/ Clients, especially International companies are attracted to businesses dedicated to sustainability efforts. Companies also gain a marketing advantage over competitors with solar power systems. As a reliable Solar EPC company can actually measure the carbon footprint set off via solar power.
5. Investment with continuous returns
Commercial solar installation by a Solar EPC company will provide a solid financial return in the long term. While the upfront costs may initially seem high, it is a long-term investment in an enterprise’s bottom line. Usually the Return on Investment is less that 4-5 years for a system that will perform for over 25 Plus, a solar installation can yield tax benefits for businesses. There are incentives and policies developed to encourage organizations to adopt residential & commercial solar systems.
Businesses of all sizes can benefit from solar systems as they reduce costs and lower environmental impact. An enterprise’s environmental and financial stability increases with solar power systems. Enterprises can implement solar-powered systems without majorly disrupting day-to-day operations if they have a reputable solar EPC company by their side.
Solar installation reduces your power costs significantly and incase of Solar Power Systems with Battery Storage removes dependence on local power companies or discoms. It helps reduce your costs on recurring electricity bills . The solar installation also opens opportunities for Electric Vehicle integration. You can make room for powering electric vehicles with the help of a solar power system. Contact Tech Solar for solar installation across residential and commercial spaces.