The importance and multifarious benefits of solar as a renewable source of energy has been firmly established across India and globally. Although large scale installations account for more than 87% of the total solar power generation in our country, the last few years have witnessed a high growth in the segment of solar rooftop panels, particularly in factories and other similar business facilities. Between the years 2013 to 2016, this trend of rooftop installations has surged from 117 MW to 1250 MW. In fact, in line with this stupendous growth, the Ministry of New and Renewable Energy (through its National Solar Mission of India) has set a target of 40 GW power through rooftop solar by 2022.
Rooftops of factories and warehouses seem to have become the most preferred areas for installing solar panels. Since factories are ‘energy-intensive buildings’, installing a solar PV system on the roof not only helps to provide valuable solar power to the entire facility as well as adjoining buildings, and save energy costs but also facilitates the business enterprise to do its bit for Mother Earth by being environmentally-conscious and reducing carbon footprint.
Let us enumerate some other factors that are contributing to the acceleration in the adoption of these rooftop solar panels.
Cost saving on electricity bills: This is the biggest advantage offered by rooftop panels. The tariff for these panels is cheaper by 17% and 27% than industrial and commercial tariff respectively. In fact, this low cost has propelled rooftop solar photovoltaics technology to currently emerge as the ‘fastest deployable energy generation technology’.
Secure return on investment: The cost of electricity generated by these rooftop panels can be calculated easily unlike conventional electricity prices that keep fluctuating from time to time. This makes it a very worthwhile investment with safe returns.
Enhances access to renewable energy: Since they generate energy from the sun and are affordable to install, rooftop panels have facilitated businesses to get easy access to solar energy. This is more pronounced in the villages where the inhabitants are generally forced to rely on harmful alternatives like diesel generators for their daily power needs.
Support from the government: The government offers tax benefits for installing rooftop solar panels, both for commercial as well as residential uses. Through the Ministry of New and Renewable Energy, it foots 30% of the installation cost as a subsidy to the installer.
Low cost of maintenance: Another advantage enjoyed by rooftop solar panels is the fact that they require very low maintenance. They come with a service life of almost 20 years, if maintained well.
Nimbus Solar: A one-stop solution for all your solar needs
As one of the reputed and long-standing players in the industry, Nimbus Solar Solutions has been an active contributor right from the stage of ideation to actual realization vis-a-vis the solar aspirations of its end-consumers. It has played a significant role in the Solar Revolution in the country. As a brand that evokes trust, reliability and enormous experience in the sector, the Group is committed to delivering world-class services and products to all its discerning clientele.
For more details, visit www.nimbussolar.in