As we reduce our reliance on fossil fuels and other conventional sources of energy, solar energy is emerging as a leading renewable source. India being a tropical country has enormous potential to tap solar energy. According to the Ministry of New and Renewable Energy, India receives a total of 5000 trillion kwH per year and most parts receive 4-7 kwH per square meter per day.
This can contribute significantly to most sectors of our economy, and a diverse range of industries can benefit from it.
Here are 9 reasons why solar energy can be your best ever investment decision.
1. Reduced electricity bills
You can reduce or completely remove your dependence on the power grid by switching to solar. This can be all the more beneficial in the wake of fluctuating power tariffs and will entail healthy savings for your business.
2. Renewable energy
Solar being a renewable source of energy, your business will be doing its bit to remove the pressure from non-renewable conventional sources of energy like coal and petroleum.
3. Increased value of energy-efficiency
The efficiency of solar panels at present is about 15-20% but it can go significantly higher upto 42% in some cases. Overall, with the improvement in the material of the PV panels, and greater research and development, solar energy is bound to become more efficient every passing year.
4. Reduced Carbon emissions
By reducing your reliance on fossils, solar allows you to become an eco-friendly business. This is becoming increasingly crucial not just for the planet but for your own company as well. It will enable you to save on some critical carbon tax going forward and also meet your CSR goals effectively.
5. Easier monitoring of your ROI
After investing in a solar power system, you would want to ensure it is working optimally and getting you healthy returns. Monitoring the output of your solar panels is very easy. A number of companies are already providing services to analyse data related to your solar energy supply and also point out any discrepancies or slack in performance.
6. Low maintenance costs
Solar panels are by and large a one-time investment. These are hassle-free installations made from durable materials with a life-span of around 25 years and very low maintenance costs.
7. Self-consumption of electricity
The electricity generated by solar panels is utilised on site which keeps the transmission losses at a bare minimum, and reduces or excludes the dependence on the utility grid.
8. Company image
As consumers are becoming increasingly conscious about climate change, they are preferring brands known for having the least impact on the environment. Switching to solar will be an evidence of your commitment towards reducing emissions, making you a favourite among eco-conscious consumers.
9. Stay ahead of the game
Lastly, survival of businesses depends upon how quickly they are able to adapt to changing times and reinvent themselves. By phasing the conventional energy out, and adopting the energy of the future, you can stay ahead in your industry and beyond!
VEMC is a leading solar EPC company in Mumbai and has unmatched technical expertise in the field of solar O&M. For installation and support, call at 022 43436655 or mail us at marketing@vemc.co.in.