Solar rooftop solutions are becoming increasingly popular in India, with businesses leading the way in this renewable energy revolution.
India is the second-largest market in Asia for new solar PV capacity, the third-largest market in the world, adding 13 gigawatts (GW) in 2021, and the fourth-largest market for total installations (60.4 GW).
Solar energy can help save money and preserve the environment.
How much are businesses saving from solar rooftop solutions?
The total amount a business can save depends on the type of business, location, the size and efficiency of the solar energy system, and how much electricity it uses.
On average, a company can save up to 30% of power costs with solar rooftop solutions.
As electricity rates go up, investing in solar solutions will not only help cover most of the costs, but it can also help make money.
For example, if a manufacturing company needs 3,00,000 units per year at ₹6 per kWh (Kilowatt hours), the company will spend ₹18,000,000 per year or ₹1,50,000 per month.
Now that the company has a 75 kilowatt hour (kW) solar rooftop system, it can make about 1,00,000 kWh of electricity annually. This is almost 33% of the energy the company used to get from the grid. It will save about ₹6,00,000 per year in electricity costs (₹50,000 per month).
How much investment is required to install solar rooftop solutions?
A rooftop solar system with 1 kW of power could cost between ₹45,000 and ₹85,000. But if energy needs to be stored, batteries might be more expensive.
A 5 kW system will cost between ₹2,25,000 and ₹3,25,000. Solar rooftop solutions usually only take 6-7 years to pay for themselves, which makes them a better choice for your budget. After the installation cost is paid off, the panels produce electricity for almost no extra cost (keeping aside the maintenance cost). You can choose between on-grid, off-grid, and hybrid modes, depending on your needs and how you plan to use them.
Most solar roof solutions have a 25-year life span and need to be cleaned and maintained regularly.
In addition to the financial benefits, rooftop solar solutions give the company a chance to help the environment. They do not emit harmful gases or use non-renewable resources to produce energy.
In a recent project with Tekno Valves, Nimbus put up solar panels with a total power of 715 kW at their facility. This project will help save 52,000 trees and stop 660,000 kg of CO2 from being released into the air each year.
Nimbus Solar Solutions: Providing best-in-class solar rooftop solutions
Nimbus Solar Solutions was established to diversify and enhance solar solutions for residential, commercial, industrial and agricultural sectors. They supply a wide range of solar products using the best components in the industry. They are backed by a team of experienced and dedicated engineers outfitted with state-of-the-art solar technology.
With a pan-Indian presence, Nimbus specialises in providing highly efficient and customised products and expert technical services for rooftop solar panel installation and maintenance.
For more information, visit: https://nimbussolar.in/