No industry has been left unimpacted by the ongoing crisis. Smart businesses, therefore, are turning towards opportunities that are risk-free and in the long term will help the business grow and expand without becoming a liability. Going solar, therefore, is on the priority list of several smart business leaders as it is one such investment that saves businesses Lakhs of Rupees on power bills over the period of 25 years.
If you are also considering going solar, and are reading to know more about it, here are the 7 unbelievable benefits of solar power for businesses which will help you make your mind up and go solar:
1. You don’t just contribute to the environment but Save Lakhs of Rupees every year by going solar
Going solar might seem like an environmental decision but the reality is that for businesses, it is also a strategic business decision. Going solar makes businesses power-independent and they generate their own electricity. This reduces their dependence on the grid and saves them a fortune. For example, the below client of MYSUN, which is a Yarn and Fabric manufacturing industry based out of Bhilwara in Rajasthan, is looking at saving a whopping
Rs 5,850 Lakhs on power bills over the 25 years of its solar journey. VIDEO
Saving this big amount naturally gives businesses a competitive edge in the market along with resources to increase their growth and profitability. To know how much your business can save with solar energy you can run
MYSUN’s AI-backed technology-driven Solar Calculator. 2. You can use solar power at night as well. Thanks to hybrid systems.
The advancement in technology has made it possible to use solar power at night too. With the help of hybrid solar systems, you can store the power generated by your solar system during the daytime and use them at night. This is made possible as
hybrid solar systems are both connected to the grid and have battery banks attached to them. 3. Solar Systems need minimal maintenance
One of the key reasons why adopting solar energy is economically viable for businesses is that solar systems require negligible maintenance. With MYSUN’s pool of easy service packages maintaining the largest of solar systems is also affordable. To know more about these packages you can get in touch with our service experts on
1800 3012 0101. 4. You don’t have to pay everything upfront
Going solar has never been easier before. With
flexible solar financing solutions from MYSUN, you can now solarize your business in easy EMIs. Under the MYSUN Deferred payment solution, your business can pay just 20~30% of the solar system cost and the rest can be deferred over a period of 3~5 years. The best thing is that these instalments are always less than or equal to the savings that your business will make on its monthly electricity bills. So in a way, your solar system will pay for itself. To add to the variety, MYSUN also makes solar loans available to its customers through Partner Banks/NBFCs. 5. You can avail tax benefits by going solar
Going solar also gives businesses an opportunity to avail of tax benefits. These benefits may vary from state to state depending on the
Solar Policy of the state your business is based at. For example, as per the solar policy of Rajasthan, any business going solar in the state can avail of a 10 year tax holiday on the solar project.
Not to forget, since solar systems are an asset to a company, this also allows businesses to avail
Accelerated Depreciation benefits. 6. You can go solar without incurring the capital cost of the solar system
In order to solarize your business, you don’t necessarily need to incur the capital cost of the solar system. Under the PPA(
Purchase Power Agreement) model of going solar, you can go solar in a way that a third party can bear the cost of the solar system and your business can pay for the per unit of the solar energy that it would consume. 7. Your business is immune from power tariff rises
If you solarize your business under the PPA model, you in a way immune your business from future hikes in electricity tariffs. This is because the PPA agreements last for 15~25 years. So your business pays a fixed earlier agreed tariff for the next 15~25 years of your solar journey.
In case you don’t solarize your business under the PPA model and choose to go solar under the
CAPEX model(which requires you to pay the capital cost of the solar system upfront) because of the benefits which come with it, like accelerated depreciation, low Levelized cost of electricity and tax benefits, you would still reduce the impact of any future electricity tariff hikes.
Businesses across India are expediting their success stories by going solar. We are sure these 7 things must have got you thinking about when should you start Start your solar journey? Start today by calling MYSUN Solar Advisors on +91
8448380218 or writing us at . [email protected]