Rajasthan, one of the largest states of India is one of the most popular industrial hubs of the country. With such an affluent economy, power becomes an uncompromised necessity for businesses in the state. While most businesses depend on traditional sources of electricity to fulfill their power requirements, some enterprises are smartly switching to solar and saving millions in the process. For example :

1. The below textile manufacturing unit in Bhilwara, Rajasthan, which is saving approximately INR 190 Lacs every year on their power bills after going solar with MYSUN. The details of which you can check here.

   




2. The below cement packaging manufacturing unit in Chittorgarh, Rajasthan, which is saving INR 49 Lacs every year after going solar with MYSUN. The details are here.

   

Similar to these businesses, any business in Rajasthan can increase their financial capabilities by harnessing the abundantly available solar energy in the state. So what does it look like for your business? How much could you save? The MYSUN Solar calculator explains this, precisely.

Your Business’s Solar Potential as per the MYSUN Solar Calculator

The MYSUN Solar Calculator is an inhouse developed technologically advanced tool which helps power consumers evaluate their solar savings potential before going solar. It does so by furnishing a detailed report on the savings a business can make on power bills by going solar, the investment that the business will need to make in order to go solar, the most optimum solar system size that the business should consider to meet all its power requirements and the economics of going solar under different financing options and models of solar. Let’s check the case for Rajasthan.

Suppose you are a Prime Packaging Industry in Jaipur, Rajasthan and incur a monthly expenditure of INR 10L on your power bills which leads to an annual expenditure of INR 1.2Cr. Within ten seconds, using this input the MYSUN Solar Calculator tells you that your business can bring its power bills down from INR 10 Lacs a month to INR 3.8 Lacs a month:

That’s a saving of INR 71 Lacs every year and a lifetime saving of INR 21 Crores. Saving this capital can give your business a surplus cash flow which could be invested in more important areas of business, such as upgrading your operational technologies in the future to improve your business processes and excel in the market.

Solar systems have a lifetime of at least 25 years. Investing in it basically assures businesses of free power once they break even in 3~4 years time. This goes to show that solar is not just necessary for businesses to save money, but also to improve their profits and boost long-term growth. Therefore, run the MYSUN Solar Calculator now, check your business’s true solar potential in Rajasthan and go solar today.

To know the things that every business and industry should take care of before starting their solar journey, check out our article - 6 Things that Every Industry Should Consider Before Going Solar.

 

In March 2018, MYSUN commissioned a 231kW rooftop solar project for a Label Printing company based out in Gurgaon. Post commissioning, the owners of the company saw a dramatic reduction on their monthly electricity bills and estimated to save over 7 cores on their power expenditures throughout the 25 years of their solar journey. Installing this solar system proved so beneficial that the owners decided to expand their installed solar capacity by installing 119kW more. Now they stand to save more than 15 crore rupees with solar in this 25 year period.

With the above example, it is easy to access the viability of solar for any business in India. But other than this, what are the other specific reasons that signal towards the viability of solar for businesses based out in Punjab, which finds itself in close proximity of Gurgaon, Haryana? Let’s take a look at them down below:

1. Solar Energy Potential of Punjab

Punjab lies in the same geography as Haryana and experiences from 230 to 300 sunny days in a year. That gives enough sunny hours per year for businesses based out in the state to generate electricity from solar for all their power needs. The potential of solar in the state can also be understood from the solar installation target set by the state. As per a renewable energy policy draft proposed by the government of Punjab in October 2019, the state is eyeing at installing a total of 3000 MW of solar power projects by the year 2030.

You can run the MYSUN Solar Calculator now and check the solar potential of your business in Punjab today.

2. Increase in of Solar Energy Installation Capacity in Punjab

The solar energy installation in the state of Punjab has been at a consistent rise across sectors since 2012. As per this tracker, the state has witnessed over a 100x growth in the installed capacity of rooftop solar systems; from zero in 2010 to 136.4 MW till 2019. Given that solar systems require sizable investment and that the cost of going solar was way higher ten years ago than what it is today, this growth in capacity demonstrates the acceptance of solar by the consumers in the state and its benefits being experienced by them.

Rooftop Solar Energy Commissioned Capacity in Punjab

3. Favourable Solar Policy of the State

Like most Indian states, Punjab has a very favourable solar policy for its commercial and industrial power consumers. Punjab’s Solar Policy qualifies its commercial and industrial consumers who go solar, to avail 40% accelerated depreciation on the solar system cost. The policy also allows custom and excise duty concession on solar equipment and a 10 year tax holiday on solar projects. The policy gives an avenue of a solar loan of up to INR 15 Crore for renewable energy projects under the priority sector lending. With the state's net-metering policy, businesses can also sell the excess generated electricity to the DISCOM as per the specific tariff rate defined in the policy.

4. Frequently Increasing Electricity Tariff in Punjab

Electricity tariffs follow the upward trend and it has been increasing in Punjab as well. As per media reports of January 2020, the Punjab State Power Corporation Limited has filed a petition with the state power regulator seeking a 14% hike in electricity tariff for consumers in the state. The hike is likely to be announced in the upcoming month of April 2020. A similar hike of approx. 2.15% was imposed just last year affecting consumers across categories. Tariff increases, even by a minimum percentage, might not affect domestic consumers by much, but owing to the high power consumption of commercial and industrial categories, they increase electricity expenditures by lakhs every year. Thus, impacting the bottom line as well. Going solar freezes such tariffs hikes, giving business owners some stability in business expenses.

5. Positive Growth Potential for Businesses in Punjab

As per a report from the Indian Brand Equity Foundation, Punjab has the easiest procedures to set up a business. It is a key hub for textile-based industries including yarn, readymade garments and hosiery. Its capital city Chandigarh has evolved to be a top spot for the booming IT and Education industries in the state and its cities like Mohali, Ambala, Panchkula, etc has become a fertile place for SMEs and MSMEs of every category. With the state's annual GDP of around 6%, the state has a lot to offer as an opportunity for business enterprises. And as businesses grow in the state, power will become a crucial expenditure. With solar, businesses can save up to 80% of this expenditure and use those savings to speed up their growth further.

Why Go Solar With MYSUN in Punjab?

MYSUN is the largest online rooftop solar platform and the most trusted solar partner for businesses in India. It has proven excellence in designing, installing and maintaining solar projects of SMEs, MSMEs and large corporates across India. With the focus on the end-to-end solar solution and world-class engineering, MYSUN Offers a one-stop solution for your rooftop solar needs in Punjab. Through MYSUN Solar Financing, the company is making solar easy for every business under the sun. MYSUN’s local presence in Punjab, with an office in Chandigarh, makes it the perfect solar partner for your business in the state.

Get in touch with MYSUN Solar Advisors today. Call +91 8448380218 or write at [email protected]

Image Source: commons.wikimedia.org

Chandigarh for the past few years has emerged as a top outsourcing hub and thriving hub for businesses, especially in the IT and higher education space. One of the key reasons for this is the availability of a great business environment and a skilled workforce. Therefore, Chandigarh has evolved as a market with a lot of investor interest with thriving SME and MSMEs. Along with neighbouring cities - Mohali and Panchkula, Chandigarh is looking to become a focal point for upcoming businesses.

It is imperative for businesses and entrepreneurs in Chandigarh to understand the importance of solar energy when it comes to running a profitable business in these modern times. We have written about how corporates and SMEs in Chandigarh can go solar and save millions, but what about the solar savings potential for businesses in the UT?

This is where MYSUN’s Solar Calculator can help, by giving business owners a quick estimation of their business or industry’s savings potential if they go solar, in just 10 seconds.

The Solar Savings Potential of Businesses in Chandigarh:

Let’s take the example of an emerging IT business with its centres based out of IT Park Road, Phase - 1, Manimajra, Chandigarh; having a monthly expenditure of INR 1,00,000 on their power bills which leads to an annual expenditure of up to INR 12,00,000.

Within ten seconds, using this input the MYSUN Solar Calculator tells us about the potential savings of the business centre.

As you can see, by solarizing one commercial building the IT business stands to save INR 56,076 every month, which sums up to a total savings of around 6.7 lacs annually. And that’s just for one commercial establishment, if the IT business were set to solarize four of their commercial properties, they could be potentially looking at annual savings of around 27 lacs, and lifetime savings above 7.6 crores.

Saving such a copious amount of electricity expenditure can lead to great positive results in the long-run for any future business. Given that the lifetime of a Solar Plant is about 25 years, you are basically assured of free power, once your solar system pays back for itself in 3~4 years time. This goes to show that solar is not just necessary for businesses to save money, but also to improve their bottom line and boost long-term profitability.

Business owners and entrepreneurs need to start investing in solar energy as it can have great positive implications for them in the future, and as Chandigarh is set to be the next business hub, going solar in Chandigarh should be a key priority in their business plans.

MYSUN’s blog series on the Interesting ways the world is using Solar Energy has in the past explored the various innovations in solar technology, such as solar boats, cars, robots, paint, and even airships. Although all these innovations are great and have pushed the envelope of global solar technology, there has always been one caveat when it comes to solar – how do you generate solar energy at night?

There may finally be an answer:

Solar Panels That Work at Night

Jeremy Munday, a professor in the electrical and computer engineering department of the University of California, Davis, recently appeared in the news for discovering a way to generate electricity from solar panels even after the sun has set. The professor and researcher have been working on a solar panel prototype which in its current phase of R&D can produce 50 watts of electricity per square meter, which is about a quarter of what traditional solar panels can generate during a bright sunny day.

How Does This Technology Work?

As per Professor Jeremy Munday, "A regular solar cell generates power by absorbing sunlight, which causes a voltage to appear across the device and for the current to flow. In these new devices, light is instead emitted and the current and voltage move in the opposite direction, but you still generate power. You have to use different materials, but the physics is the same."

These solar panels are made of thermo-radiative cells to facilitate the process, as the heat required to run the process can be gathered from the leftover heat of industrial processes, as per Professor Munday.

What Does This Mean for the Future of Solar Energy?

If successful on a commercial scale, this newly discovered technology will mean that solar panels will become functional 24x7, which will enhance the benefits of solar. As of today, a consumer saves up to 80% on electricity bills by generating power during the day, and transmitting surplus energy generated back to the grid through net-metering and then drawing this energy back during the night.

With this new technology, there is a likely possibility that solar energy will become the primary source of energy, and may help consumers save close to 100% on electricity bills.

MYSUN’s Take:

While the development of these night sky solar panels is still at a very nascent stage, the fact that the prototype developed so far is already capable of generating 50 watts of electricity per square meter is very interesting. The potential of solar energy as a primary source of power for the world was never in question at all. But, something like this could potentially improve the interest manifold. This innovation seeks to break the limitation and is on its way towards unleashing the potential of solar even further. We can’t wait to see how the development proceeds further.