Why Are Businesses Embracing Solar Energy?

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Do your electricity expenses consume a sizable portion of your revenue? If the answer is YES, then going solar might be the best option for you. As many businesses are still in their infancy stage, there is relatively very limited information available on how to jump on the solar power bandwagon. In this article, we’ve discussed everything you need to grasp before leaping towards solar.

Companies in India have been thinking about investing in solar electricity for quite some time. After all, both large and small businesses strive constantly to keep their expenditures under control. And energy or power expenditures make up a sizable portion of their total spending.

Furthermore, businesses are seeing the benefits of going green, as it enhances their socially responsible brand image. Overall, solar energy easily meets all of these objectives because the long-term cost benefits are significant and the source of energy is renewable, clean, and non-polluting. So, if you haven’t yet embraced the sun’s vitality, keep reading to learn about its top six benefits.

Reduction in Overhead Expenses

Going solar for businesses might have the greatest benefit of lowering overhead costs. This is because you will most likely want the power to run everything from fans, air conditioners, and lights to computers and other devices or electrical items. You would be able to rely less on the grid and unpredictable electricity tariffs if you plan to go solar. You will not be affected by the fluctuating costs of non-renewable fossil fuels. Depending on how many solar panels you use or how much you want to replace your grid’s supply, you can dramatically reduce overhead costs. Furthermore, because you will be producing your power, you will have complete control over the expenses. This will bestow a greater sense of peace in you.

Reliable Power Supply

India remains one of the countries with regular power outages in various areas. Investing in solar energy, on the other hand, ensures that you will always have a stable and consistent supply, regardless of what the grid supply is. Because our country receives plenty of sunlight most of the year, and your panels can collect enough solar energy to convert it into electricity. You can store the electricity created in batteries (off-grid systems) or distribute the excess electricity to gain credit at the end of the year through a “net metering” policy (grid-connected solutions). Going solar, in either case, will ensure that production is not hampered by a weak and irregular power source.

Ease of Maintenance 

This is just another compelling reason for businesses to invest in commercial solar systems. Solar panels made by reputable and well-known firms are incredibly efficient and effectively a one-time investment. They are built of the best materials available and will last for years, possibly even 25 years if you buy properly. Just be sure that the solar panels are properly fitted by the professionals who will evaluate your electricity needs, available setup space, and budget before continuing with the process of installation. Before releasing these panels to the market, reputable producers make sure to stringently and in-house quality-check them. Also, you will need to conduct minimal maintenance, especially if your solar energy system does not include batteries.

Long-term Savings

Investing in solar energy offers long-term savings, which is what any business strives for to grow more lucrative. Although the initial cost of installing energy-efficient solar panels is often considered high, the returns on your investment keep growing with each passing year. Because the maintenance costs are minimal, your organization can save more money to ensure a good cash flow. This is especially useful during a crisis or when you require immediate finances to cover an emergency. Long-term savings might help reduce your reliance on borrowing.

Eco-friendly and Good for CSR

By investing in solar energy, your firm may become more environmentally responsible and reduce pollution caused by fossil fuels. You may improve the environment for future generations, lower your carbon footprint, and effectively reach your Corporate Social Responsibility (CSR) goals. This will gain you particular recognition as a “green” company and make you more appealing to clients, partners, and investors.

Various options

The renewable energy business offers several possibilities, and technology is expected to improve even more in the future years. In certain areas, businesses are already receiving tax benefits for using “green” technology.

Aside from that, as solar power systems become more prevalent, panels can now be purchased in cash, financed with a loan, or leased under a contract.

What is the scope of renewable power in India?

According to Bloomberg, a whopping $3 trillion will be invested in solar by 2040, and solar power facilities would be cheaper than coal in India by 2021.

According to a recent survey, the cost of solar installations has continuously decreased over the years, increasing the number of installations worldwide.

Solar has been adopted by some of the world’s largest and most influential organizations, including Walmart, Ikea, Google, Facebook, and Apple. Over 240 companies around the world have pledged to go 100 percent green by 2025. Some strong reasons urge both large and small businesses worldwide to convert to solar power.

Solar Installation: A Commercial Sector Challenge

The hefty price of electricity is one of the major concerns for businesses of all kinds. The worst aspect is that the standard grid energy given by your state’s electrical board is unpredictable, insufficient, and expensive.

Commercial and industrial power consumers in India pay much higher tariffs than residential consumers. You can save a lot of money if you switch to rooftop solar systems. You not only cut the company’s current electricity expenditures, but you also protect it from potential price increases.

While it is true that going solar incurs upfront costs – the panels, installation, and so on, but fortunately the prices today are substantially cheaper than they were a few years ago due to rapid developments in technology.

Conclusion

To summarise, investing in solar energy is the ideal step for businesses that want to save funds now and in the future, cut overhead costs, obtain consistent and ample power at all times, and become environmentally and socially responsible.

About the author

Surjo Das

Surjo Das is a Digital Media Publisher and freelance copywriter. He has been working in the publishing industry for over 5 years now, holding various positions at different publishing houses Worldwide. His work experience includes managing marketing campaigns, content development, and website maintenance for various industries including healthcare, IT, finance, and education. He also offers to ghostwrite services to help aspiring authors get their books published while maintaining creative control over the project.

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By Surjo Das

Surjo Das

Surjo Das is a Digital Media Publisher and freelance copywriter. He has been working in the publishing industry for over 5 years now, holding various positions at different publishing houses Worldwide. His work experience includes managing marketing campaigns, content development, and website maintenance for various industries including healthcare, IT, finance, and education. He also offers to ghostwrite services to help aspiring authors get their books published while maintaining creative control over the project.

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