For an active business, power expenditure is a huge part of your fixed bills. Power being such a necessity, more often than not, we neglect the bills and take them as a necessary evil. By going solar, you would not just save a vast majority of this expense but also take a step to help the degrading environmental conditions by reducing the carbon footprint.

The Benefits of Solar Energy for Businesses

1. Independent Source of Power

Traditional power sources can be unreliable due to the risk of unforeseen failures. For businesses, it poses an operational risk and requires keeping additional backup power sources such as diesel generators. Going solar, especially with a hybrid system, will shield you from these operational risks as solar is more a risk-free source of power.

2. Fixed Electricity Tariff for 25 years

Power tariffs are subject to market and geopolitical dynamics. We have seen the power tariff hikes in Uttar Pradesh and Karnataka most recently. These hikes have a direct impact on the bottom line of any operating enterprise. Solar energy, as the primary source of electricity for your business, deflects this effect and keeps your business immune from the tariff hikes for the next 25 years by fixing your tariff on day 1.

3. Accelerated Depreciation Benefits

By going solar you can avail Accelerated Depreciation benefits and reduce your business's tax burden.

4. Assured Returns

Solar systems, unlike more traditional investments, offer assured returns. These returns are in the form of savings. Think of it this way, the savings on your electricity bills would pay for the cost of your system in ~3-5 years. Thereafter, you can enjoy free electricity for the next 20-22 years.

How much of a difference going solar can make?

Let’s elucidate this point with a real-time case study. Electricity was a major expenditure for our client who owns a manufacturing setup in Faridabad, Haryana. The setup consumed electricity worth millions every year. By going solar and with the help of MYSUN’s premium quality solar system, the setup is now generating enough electricity to sustain itself and is projected to save approximately 2.6 million rupees on power expenditures every year. With such huge yearly savings, the owners will now have a lot more funds to invest and grow their business.

Also, with the estimated payback period of 3.7 years, the solar project installed on the rooftop of the industry will essentially generate free electricity for the setup for the next 22 years of the solar system life.

Below is a screenshot of the project case study:

Go Solar with MYSUN’s Easy Payment Plans Today

At MYSUN we aim to make solar available for every business enterprise. With our easy to avail and affordable financing offerings, we are making solar feasible for businesses and industries every day. You can choose to pay for your solar system in monthly installments and immediately start seeing the return on investment in a few of years. To know more about the payment plans call our solar advisors now on +91 8448380218 or write to us at [email protected].

We hope, as depicted by the case study above, you must now know how solar is a viable investment for your business. And if you are a businessperson from Faridabad or any other city such as Gurgaon or Manesar in Haryana you must now have got an idea of the solar potential of your state. Therefore, delay no further and go solar today. If you are a businessowner in Faridabad looking to go solar, start your solar journey by scheduling your site survey today.

Adopting solar energy can reduce your monthly electricity bills by up to 80%. While the benefits of solar are well documented and it is more affordable than ever to go solar, the Government, both at the centre and state level, are trying to make the journey even more affordable. Therefore, time to time limited subsidy schemes are announced to connect more beneficiaries to enhance the solar adaptability.

The IPGCL Solar Subsidy in Delhi - Are you eligible for it?

The Indraprastha Power Generation Company Limited (IPGCL), the electricity generation company of the Government of Delhi, is offering a solar subsidy in Delhi for a limited time. Under this subsidy scheme, you can get a straight waiver i.e. Upfront discount of 30% on the solar system cost until Nov 6th 2019.

The subsidy is available for power consumers like residential consumers and non profit organizations (educational institutes, hospitals, NGO’s, RWAs, charitable trusts and etc). If you are a homeowner or a decision-maker of any such organization in Delhi, this is the best time for you to opt solar and increase your savings. MYSUN can help you go solar with this subsidy scheme. Submit your interest through MYSUN today by clicking here.

Benefits of going solar with the Delhi IPGCL Solar Subsidy

Going solar with the IPGCL solar subsidy has three key benefits for you:

1. Reduced solar system cost: Availing the subsidy will reduce your solar system cost by flat 30%. This means, if you are looking to install a solar system of size 12kWp, you will have to pay just INR 3.64 Lakh instead of INR 5.2 Lakh - the approximate cost of 12kWp solar system without the subsidy. Thus, you make a substantial upfront savings of INR 1.56 Lakh.

2. Free 5-year service and solar system warranty - The IPGCL solar subsidy mandates every solar PV installer to provide you with free five-year service and maintenance, along with a five-year system warranty.

3. Efficiently Designed Solar Systems: The IPGCL subsidy guidelines instruct that every solar system installed under the subsidy has to be designed as per the installation guidelines of MNRE. You are assured to get only an efficient performing solar system approved by the authorities.

How can MYSUN help you avail the Subsidy?

MYSUN is one of the empanelled Solar PV installers eligible to install and design your solar system under the IPGCL subsidy. You can share your details with us to solarize under the subsidy here.

Why avail the IPGCL solar subsidy with MYSUN?

MYSUN, the largest online rooftop solar company in India, has custom-designed and installed solar systems for hundreds of businesses and homeowners across the country. Driven by a team of engineers with extensive hands-on experience of designing solar systems for large industries, MYSUN believes in making your solar journey a delight.

To know more about the subsidy call our Solar Advisors today on +91 9873552433 or submit your details here now.

The Uttar Pradesh Electricity Regulatory Commission has announced an up to 12% hike in electricity tariffs for residential consumers. The hike has come as a shock to the residents in the state and will prove to be a burden on the pockets of the common man. The decision has come three months after the proposal to increase the tariffs was submitted by Uttar Pradesh Power Corporation Limited (UPPCL) in June 2019.

By how much will your electricity bills increase?

While the regulatory commission has announced an increase in tariffs for consumers across categories i.e. commercial, industrial, agricultural and domestic, the hike in the domestic segment is the highest of all. It ranges from 8% to a whopping 12% across slabs.

As per the hike levied by the authority, the per-unit cost of electricity consumed below 150 units have been increased from ₹4.90 per unit to ₹5.50 per unit, and for consumption between 151-300 units from ₹5.40 per unit to ₹6 per unit. For consumptions between 301-500 units and above 500 units the increase as dictated has been from ₹6.20 per unit to ₹6.50 per unit and from ₹6.50 per unit to ₹6.50 respectively.

Here's an example of how the hike would affect the monthly electricity bill of a household with an average monthly bill of around INR 7,000:

As a homeowner, you will agree on how steep this hike is when looked in terms of cumulative yearly consumption and expenditure. Based on the example above if your monthly electricity bill is on average INR 7000, you will be paying 8% more month on month, which will, in turn, lead to an increased yearly expense of INR 7,188 on your electricity expenditure annually.

What is the reason for the electricity tariff hike in UP, and when was it last increased?

This is unwelcome news, especially on the back of the knowledge that the tariffs were revised as recently as two years ago. Here’s a link to the news article on the same - UP power regulator gives consumers a shock with 8-15% tariff hike. As per the authorities, the current hike is an attempt to help the DISCOMs who have been facing the issue of increasing operational expenses but decreasing revenue.

How can going solar help you insulate yourself from these rising power tariffs?

With the rising tariffs and our increased dependency on power, every household is paying a lot more than what they used to pay. Electricity tariffs will continue to rise year after year as the cost of fossil fuels and other major raw material used by the thermal power plants keep rising, with various other financial and economical factors also included in causing the rise.

Thankfully, the technology of solar energy offers a one-time solution providing a major relief to homeowners across the country and at large, across the world. Installing a solar system helps a homeowner generate its own electricity. This reduces dependency on the grid electricity by a big percentage for day to day consumption; generating savings up to 80% on household electricity bills.

With the availability of premium modules and advancement in solar system engineering technology, solar systems today are capable of taking a load of the entire power requirement of a household. Given that the solar systems come with a mere one-time investment and a long lifetime, going solar freezes the power tariff for homeowners for the next 25 years.

MYSUN’s precisely engineered solar systems have helped hundreds of homeowners benefit from solar and those who have solar in Uttar Pradesh with MYSUN, today remain indifferent to the electricity hike.

Therefore if you are a homeowner in Uttar Pradesh and if the hike on your electricity bills seems unfair to you, then go solar today by scheduling your site survey. You can also call our solar advisors on +91 9873167009 or write to us [email protected] for any queries or suggestions on solar.

If you are a business owner or own a commercial or Industrial property in Uttar Pradesh, get ready to pay more money for your monthly electricity consumption very soon. The electricity tariffs in the state of Uttar Pradesh have been increased by up to 7% for Commercial and Industrial category consumers. The hike which has left industry leaders shocked was announced just a few days back but the proposal to increase the tariffs in the state was submitted two months back in June 2019 by the UP Power Corporation Limited(UPPCL). The Uttar Pradesh Electricity Regulatory Commission has given the go-ahead to increase the tariffs with certain modifications.

By how much has the Electricity tariff Increased for Commercial and Industrial Businesses in UP?

For small and medium power industries (LT side), the hike is 4% for up to 1000 units, 1% from 1001 to 2000 units and again 4% for the units above 2000 whereas for the large power industrial (HT side) consumer category, there has been a hike of 7% from ₹6.65 per unit to ₹7.1 per unit. This is a massive increase and will directly hit the overall profit margins of businesses in the state. Also, for the agriculture consumer category, a hike of 9% has been levied under the urban schedule and 15% for the rural schedule.

Here’s a snapshot of tariff increase in the commercial and industrial categories:

What is the Reason for the Electricity Hike in UP and how can rooftop solar help?

The hike as was stated by UPERC at the time of the proposal is as a reaction to the increasing expenditures and decreasing revenue as being faced by the DISCOMs, and the hike is a measure taken to improve their financial efficiency.

While this measure may seem necessary for the DISCOMS, it should be noted that these hikes have a direct impact on consumers across categories, especially commercial and industries establishments, which tend to have high electricity consumption. And, as we all know, this is not the first time that the authority has had to increase the electricity tariffs in the state, as the last tariff increase was introduced just two years back in Nov 2017. In such a scenario where tariffs are uncertain and are dependent on various factors such as transmission cost and the cost of fossil fuels, harnessing solar energy for commercial and industrial setups is a smart way to deal with this sudden tariff surge. By installing a solar system, any business owner can deflect the impact of such hikes for the next 25 years.

There are numerous examples of how going solar has helped commercial and industrial establishments mitigate the impact of high tariffs and save millions on power bills every year. Below is a video of a few industries that have gone solar with MYSUN and are now generating their own power thereby making huge savings on their power expenses:

If you are a business owner or a key deciding member of a business with huge power consumption based in Uttar Pradesh this is just the right time to Go solar and shield your business from this hike and many more for the next 25 years to come. Schedule your site survey today or write to our solar advisors at [email protected] and MYSUN engineers will get the most efficient solar system designed as per your businesses’ unique profile.

You may also call us on +91 8448380218 to connect.

To know the solar saving potential of your business instantly, run our solar calculator now and with just two inputs, you will have a Free Personal Solar Scorecard with you for your business.