Month: May 2020
MYSUN Solar Calculator: Businesses in Ghaziabad can Save a Ton with Solar Energy
Solar energy has been helping businesses across the world save very substantially, at the same time contribute to the well being of the environment. Add to it the advantage of being an independent power producer and tax benefits that come in India, going solar is no longer a question of if, but when. You will find numerous examples online corroborating this fact, and there are live examples of MYSUN clients who have gone solar and genuinely propelled their business forwards.
Below is a case-study of a plastics manufacturing business in Ghaziabad, which is saving about 7 Lakh Rupees on power bills every year after switching to solar:
Just like the aforementioned business, every business in Ghaziabad can save a fortune with solar, be it from manufacturing, processing, agriculture or service segment. But how much could the potential savings be? To answer this, we turn to the magical MYSUN Solar Calculator.
The Solar Savings Potential of Businesses in Ghaziabad as per the MYSUN Solar Calculator
The MYSUN Solar Calculator is an advanced online tool that calculates the savings potential of a home, business and even an industry. This is a fantastic way for businesses to forecast their savings from solar in less than 10 seconds, and plan their journey accordingly.
All you need to do is input the average electricity bill amount, location and consumer category i.e commercial or industrial.
For example, if you are a commercial enterprise based out in Ghaziabad and pay an average monthly electricity bill of 5 Lakhs every month, by running the solar calculator you will see that your business can save approximately 50% of this bill amount if it adopts solar energy. And if you are an industrial set up in Ghaziabad which pays the same average electricity bill every month, you could be saving almost 58% by going solar.
As you can see from the above screenshots, the output report also provides businesses with a comprehensive report which tells businesses the Optimum Solar System Size that they should consider while going solar and the savings they will reap. You get additional information like the shadow-free area that would be required, the investment that businesses will have to make to go solar with their optimum solar system size, the Return on Investment and the impact they will be making to the environment.
Other Savings Benefits that Businesses in Ghaziabad can Achieve with Solar
The savings that businesses reap by going solar aren’t only in the form of savings on electricity bills. Solar systems are an asset to businesses and this allows them to avail various tax benefits as per the solar policy of their state. In the context of Ghaziabad, the solar policy of Uttar Pradesh allows businesses in the city to avail Accelerated Tax Depreciation benefits on their solar system investment and a ten year tax holiday on solar projects. This increases the saving benefits from solar for businesses in the city overall.
How to Solarize your businesses with Easy Payment Plans with MYSUN in Ghaziabad?
Even though these saving benefits from solar make solar a lucrative opportunity for businesses in Ghaziabad, given the fact that the majority of businesses in the city belong to the SME and MSME segment, the sizable upfront investment amount of solar systems may pose a challenge for a large number of businesses in the city. To help deal with this issue, the solar policy of Uttar Pradesh allows businesses to avail loans for up to Rs 15 crores for renewable energy projects under Priority sector lending. To make the journey even easier, MYSUN, a company with a strong presence in Ghaziabad, offers its clients an option to Defer the Cost of Solar in easy EMIs through the MYSUN Solar Financing.
Solar is gradually becoming a strategic business decision for every succeeding business in the country. Therefore, choose solar for your business today and stay ahead of your competition in the game.
You can get in touch with MYSUN Solar Advisors for any queries related to solar by calling on +91 8448380218 or writing to us at [email protected].
Interesting Ways the World is Using Solar Amid COVID-19 Crisis – Solar Powered Hand Wash Basin
While the world battles unprecedented circumstances, two Ghanaians have come up with a wonderful innovation that has solar power at the heart of it. This innovation makes it to our list of ‘Interesting Ways the World is Using Solar’ this week.
In this blog series, we talk about the interesting ways the world is using solar. We have covered innovations like solar-powered boats, cars, space stations and even airships in the past. Let’s dive in and read more about this interesting wash-basin.
The Innovation and the Innovator of Solar Powered Hand Wash Basins
Richard Kwarteng Aning, a 32-year-old leather shoemaker in Kumasi city of Ghana, has developed a solar-powered hand wash basin along with his brother Jude Osei. The brothers have developed the hand wash basin to promote the 20-second hand wash hygiene; the best-known practice to fight coronavirus until a vaccine is developed, as issued by the health and disease control department of governments and organizations all around the world.
How does this Hand Wash Basin Work and How was it Built?
The Solar Powered Hand Washbasin, is timed with a sensor. As soon as someone places their hands under the tap of the basin, the connected sensors send a signal to ooze the liquid soap out from the tap. Post that a timed alarm goes on for 25 seconds signalling the user to lather their hands for the set time period. After this, the water flows from the tap to rinse the soaped hands and the alarm goes off, indicating that the hand wash is complete.
As per media reports the idea to build the hand wash basin was conceived by Richard Kwarteng Aning when the government of Ghana announced a two-week lockdown on March 30, 2020. With just 48 hours in hand before the lockdown would begin, Richard immediately acted on the idea, procured the materials and developed it by using some of the most common components available easily in the local market of any city i.e. a sink, a tap, a motherboard, a solar panel, an alarm and a recycled barrel. He then installed the basin with the help of an electrician friend and programmed it with his brother to run when hands or any other item came in contact with its sensors.
MYSUN’s Take on this Innovation
At MYSUN, we really applaud the efforts of building the product. As we pass through these extraordinary times, we will need innovations which are not just out of the box but also use our resources optimally. The wash-basin is an example of the inspiration that human effort is capable of fostering if directed in the right direction. We are sure as time passes by, the model will be refined, and who is to say, this will not become the new norm!
10 Most Common Asked Solar Questions by Business Owners – Answered by MYSUN
Solar energy is one of the most rewarding investment decisions for any business, as it helps them to save a fortune on power bills every month. This, in turn helps reduce operational expenses and improve the bottom line, thereby increasing profits and growth opportunities for the business overall. MYSUN clients who have gone solar in the past are examples and propagators of the various benefits of solar such as: power independence, tax savings in the form of Accelerated Depreciation and eco-friendliness.
We at MYSUN receive a ton of solar power questions from existing and prospective clients. With this blog, we hope to give answers to some of the most commonly asked solar energy questions by industrial leaders. So that if you are planning to go solar, you can make an informed decision and get started on your solar journey.
1. How much can your business save with solar?
Installing a solar system can help a business save up to 80% on power bills every month. That being said, the savings potential varies depending on various factors like power consumption, power tariffs, solar policies, solar irradiance, industry type, solar system type (on-grid, off-grid or hybrid) and solar system size of the business. You can know the estimated monthly, yearly and lifetime solar saving potential of your business by running the free MYSUN Solar Calculator.
as Projected by the MYSUN Solar Calculator
2. What is the optimum solar system size for your business?
The Optimum Solar System Size is the one which is capable of fulfilling your power requirements. And it depends on factors such as your power consumption, your sanctioned load, and the solar irradiance of your region which depends on your total shadow-free area, location etc. Usually, the optimum solar system size is equal to your sanctioned load, but it can be less if you have low power requirements or high solar irradiance. Your Optimum Solar System Size also depends on the type of solar system that you are considering for your business.
The thing to note here is that while your optimum system size can be higher or lower than the sanctioned load, the actual size of a solar system that you can install has to be in accordance with the guidelines of your state’s solar policy. With our World Class in-house Engineering team, we ensure that the proposed system size to all our customers is optimum and best suited to their economic needs.
10 Lacs in Chennai as Recommended by the MYSUN Solar Calculator
3. How much will it cost to solarize your business?
The cost of Solarizing your business is influenced by the type and size of the solar system that you choose for your business. However, the cost of your solar system is almost a fraction when compared to how much your business will be saving on power bills with solar. For example, an industry based out of Mumbai with a monthly electricity bill of INR 10 Lakh per month, will need to pay approximately just 1.5 Crore for a solar system, in contrast to the massive lifetime savings that the industry will make with solar i.e INR 21.4 Crores.
4. What will be the break-even period of your Solar Investment?
The break-even period of your solar investment will depend on factors such as the cost of your solar system, the energy generated from the solar system, the energy being consumed, the type of solar system, the solar tariffs in your state, and other factors. But on average, it can be said that the payback period for a solar system is around 3~5 years. For example, as per the MYSUN Solar Calculator, a commercial unit in Punjab with an average monthly electricity bill of INR 10 lacs will achieve its solar break-even in around 2.5 years; with an estimated ROI of 62.2%.
5. Can your business pay for a solar system in monthly instalments?
Yes, your business can pay for solar in monthly instalments. With a pool of solar financing and loan solutions from MYSUN, businesses around the country have made their solar journey easy and affordable. With pioneering solutions such as the MYSUN Deferred Payment Agreement, your business will have to pay just 20~30% of the overall cost as down payment while your solar system pays for the rest.
6. Can your business run on solar energy without incurring any capital cost?
Yes, your business can use solar energy without actually paying for the installation of a solar system. There are two ways of going solar - CAPEX and OPEX. In CAPEX, your business installs and owns the solar system from which it consumes the solar energy. In this model, your business is responsible for the operation and maintenance cost of the solar system. In the OPEX model of buying solar, the solar system from which your business consumes electricity is installed and owned by an investor or a third party company. In this case, your business only pays for the units of energy that it consumes as per a Power Purchase Agreement.
7. Should your business go for CAPEX or OPEX model when buying Solar?
Buying solar under the CAPEX model might seem cost heavy at the beginning but it turns out to be more cost-effective in the longer run. The LCOE (Levelized Cost of Electricity, which is the cost/unit of electricity over 25 yr horizon) for solar under CAPEX is significantly lower than that under OPEX. There is also an added benefit of Accelerated Depreciation which comes with the ownership of the solar assets under CAPEX. The only challenge it presents - is the capital cost of going solar which can be easily deferred with solar financing from MYSUN.
Even if this difference in the cost of solar in CAPEX and OPEX is not taken into consideration, the fact that buying solar under OPEX requires signing up for a PPA (Power Purchase Agreement), OPEX becomes a challenge for a large number of businesses. This is because entering into a PPA requires a strong credit rating by many investors, and given that the majority of businesses in India belong to the SME/ MSME segment with poor credit ratings, stretched balance sheets and overdrawn working capital limits; OPEX seems practically not possible for many businesses in India.
8. How do you choose the best Solar Installer for your business?
Going solar is a long term commitment and therefore choosing the right solar partner is critical for any entity. And this starts with knowing the capabilities, track record, reputation, presence and offerings of the solar installer. You can learn more in detail about how to pick the right solar partner here.
9. Should your business opt for solar O&M?
Solar systems, just like any other technology, need regular operation and maintenance to deliver high-quality performance. An operation and maintenance package makes sure that your solar system is in the hands of experts. Moreover, with the latest technologies of O&M like remote monitoring, the impeccable performance of your solar system becomes more certain. Therefore, an O&M package adds value to your solar journey.
10. What will your business lose by delaying the decision of going solar?
A lot! Just like time and tides wait for none, the opportunity to save waits for no one either. Think of it this way - if your business has the potential to save INR 5 Lakh a month on power bills and you delay the decision to go solar by 3 years, that's a loss of INR 180 Lakh right there. This money if saved could have helped increase profits, giving you more funds to expand your business and also would have increased your business's overall financial stability.
Conclusion
Solar is becoming a strategic business decision of top businesses around the globe. Therefore, whether to go solar or not should not be your question, but how to go solar and with whom? We hope these questions on solar system with answers have given you clarity on how to start your solar journey. For further information, do get in touch with MYSUN Solar Advisors on +91 8448380218 or [email protected] and we would be glad to help your business too, save Millions.
MYSUN Solar Calculator: Here’s How Businesses in Bengaluru can Save Big with Solar
Bengaluru is among the world’s top 10 fastest growing cities with an average economic growth rate of 8.5 per cent. With 40 per cent of India’s IT industry located in Bengaluru, the city is among the most favoured destinations for the sector and other knowledge-based industries.
As a result, the city has an average power requirement close to 6000 MW per day and it is increasing every year. With such immense power requirements, it is only natural for solar energy to be in strong consideration for businesses in the city.
The Potential of Solar Energy in Bengaluru, Karnataka
Bengaluru has great solar energy generation potential. The city has over 1.4 lakh rooftops within its vicinity, and as per a recent survey done by the Bangalore Electricity Supply Company Limited (BESCOM), these 1.4 Lakhs buildings can generate about 2.5 GW of solar power from rooftop solar systems. The potential of solar in the city can be further understood by organizations that have already gone solar in the city. For example, the Bangalore International Airport - which has an installed rooftop solar system of 3.35 MW onto its establishments.
With progressive solar policies in place, Bengaluru based industries can save millions on their monthly electricity bills, in turn improving their bottom line. You can get a quick estimation of your solar savings by running the MYSUN Solar Calculator.
How much Can a Business Based out of Electronic City, Bengaluru, save after going solar?
Electronic city is one of India's largest IT hubs with established operations from a number of leading and emerging start-ups, SMEs and MSMEs. Therefore, power consumption is high and immensely expensive for many of the businesses running here. Making the location an expensive and prime spot for only those businesses that can afford it.
But with the help of solar energy, even new businesses can consider setting up operations in Electronic city, as they can save close to 50 per cent on their power expenditure. Not just this but going solar also helps in reducing carbon emission in the environment, enhances your property value, boosts employee morale and various taxation benefits. With the help of the MYSUN Solar Calculator, here’s an example of how much a business operating in Electronic City can save. Let’s assume that your monthly electricity bill is INR 1,00,000 Lakh and see how much money you can save by going solar:
As per the input values mentioned above, we can estimate that with a 35 kWp solar system which will be generating 50,865 kWh units every year, your commercial business unit in the electronic city can save INR 37,000 every month, multiplying to 4,44,000 INR every year.
And for the next 25 years, the business can expect a lifetime savings of up to INR 1.2 Crores, with a break-even period of 3 to 4 years which means you can run
Not to mention the environmental impact is equivalent to adding 1572 trees and reducing 41 cars off the road; making the world a slightly better and cleaner place to live in.
To learn more about how businesses and industries can benefit from adopting solar energy, and the precautions that should be taken before starting their solar journey, check out - 6 Things that Every Industry Should Consider Before Going Solar.
Book your Solar System for just 6,999 and build your personalized payment plan with Flexi-payTM. 
